South African-based engineering and mining contractor, Murray and Roberts, is facing potential liquidation. This was after a creditor initiated legal proceedings in the Gauteng Division of the High Court, seeking a final or provisional winding-up order against the company. A move, Murray & Roberts said, it does not intend to oppose this application. This comes after a period of intense financial distress for the company, which had been undergoing a business rescue process. Thami Ngubeni spoke to the President of the Association of Mineworkers and Construction Union, Joseph Mathunjwa...

<p>South African-based engineering and mining contractor, Murray and Roberts, is facing potential liquidation. This was after a creditor initiated legal proceedings in the Gauteng Division of the High Court, seeking a final or provisional winding-up order against the company. A move, Murray &amp; Roberts said, it does not intend to oppose this application. This comes after a period of intense financial distress for the company, which had been undergoing a business rescue process. Thami Ngubeni spoke to the President of the Association of Mineworkers and Construction Union, Joseph Mathunjwa...</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>