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The report provides an update on the business rescue proceedings of Group Five Construction Proprietary Limited as of December 2024, detailing the repayment status of secured and concurrent creditors, ongoing asset disposals, and litigation matters. Secured creditors have been fully repaid, while concurrent creditors have received distributions totaling 75 cents in the Rand, with further distributions anticipated in early 2025. Additionally, junior business rescue practitioners have been appointed to reduce

Author

Hazem Rabah

Language

EN