Ster-Kinekor enters business rescue

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Jamie McKane

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Ster-Kinekor enters business rescue

Ster-Kinekor has announced that it has commenced voluntary business rescue proceedings with effect from 27 January 2021.

The company said it has been operating under severe restrictions due to the COVID-19 pandemic and subsequent national lockdown, which has incurred significant losses for the cinema chain.
 
Papa Smurf said:
Unlike SAA that went into business rescue, I afraid this one won't survive :(
Viva ANC
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Agreed, I do not see them coming out alive in any form or manner on the other side. If they do, somehow manage to keep SK alive, it will only be for a short period of time before it totally collapses.
 
The ****ups making the lockdown decisions feel ****all if everything goes to ****. They haven't finished stealing and won't stop until everything has gone to hell. Africa style rule and end result. Always the same.
 
Not sure where to when I need to watch the big blockbusters if they fold. This is said hoping that some sense of normality returns to the world soon.
 
Willem_Wikkelspies said:
Everything going to **** under the ANC :mad:
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Not in this case. Movies cost an absolute fortune, even on Discovery Vitality. They only fill up cinemas with big name movies like the Marvel series.
This was to be expected. Overseas you can also only have a certain number of people in a cinema, or alternatively the only open a certain number in the USA.
 
Gone the same way as playhouses?
 
Last time I went to the movies was about 5 years ago, it was kak. The cinema was empty, it was expensive, it was a Leon Schuster movie, the keystone hadn't been corrected on the new digital projector :thumbsdown:
 
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