# South African engineering and contracting group of companies, Murray and Roberts Holdings Limited’s business rescue practitioners have secured an additional 80-million-rand in post-commencement finance. The group entered into voluntary business rescue in November 2024. Practitioner Josh Cunliffe says funding to date has been instrumental in stabilising Murray and Roberts’ business rescue proceedings. He adds the funding has also enabled them to manage unavoidable retrenchments and honour statutory severance obligations to affected employees in full:
Murray & Roberts secures an additional R80-million in business rescue funding [SOUND]
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