Owed R60m by the Free State govt, Sanyati is to be liquidated

Fin24 reports that Trevor Murgatroyd - the business rescue practitioner appointed by Sanyati Holdings [JSE:SAN] recommended the company's liquidation on Tuesday, after Sanyati's rescue plan collapsed.

On Friday, President Jacob Zuma said the government would take drastic measures to ensure service providers were paid within a month. Presidency spokesperson Harold Maloka said a national intervention team led by the Treasury was looking at the Free State roads department, says Fin24.

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