Congolese factory adds to PPC's burden - Business Day
PPC’s joint venture factory in the Democratic Republic of Congo has been a big drag on group results for the year ended March 2018, making up nearly half the company’s losses. Meyrick Barker comments.
Basil Read forced into business rescue - Business Day
Basil Read, one of seven major construction and engineering groups that has agreed with the government to speed transformation by selling assets or mentoring black contractors, has been placed in business rescue, amid a crunch in cash-flows. Meyrick Barker comments.