Bad news for Ster-Kinekor — and other cinemas in South Africa
Ster-Kinekor is slashing jobs and closing cinemas in South Africa because of the country’s struggling economy. This is out of sync with global trends, where cinemas are growing.
Last month, Ster-Kinekor announced plans to retrench 236 employees in a restructuring effort in the face of declining attendance numbers.
Ster-Kinekor is slashing jobs and closing cinemas in South Africa because of the country’s struggling economy. This is out of sync with global trends, where cinemas are growing.
Last month, Ster-Kinekor announced plans to retrench 236 employees in a restructuring effort in the face of declining attendance numbers.