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Sanyati to liquidate after non-payment

12 Jul 2012

According to a Fin24 report, construction and engineering company Sanyati will be liquidated despite the fact that it is still owed R60-million by the Free State provincial government for work done over the past few years.

Fin24 reports that Sanyati was unable to sustain its operational activities after its bankers cancelled the existing overdraft facilities and froze its bank accounts.

Read the full article on www.fin24.com.