South African racing and betting operator Phumelela Gaming and Leisure will see its shares delisted from the Johannesburg Stock Exchange in January after a seven-month suspension.
Trading in Phumelela shares was suspended on 8 May at the request of the company after it filed for bankruptcy protection due to the negative impact of Covid-19 on its already adverse trading conditions.
With the company’s assets now being marketed for sale to pay off creditors, Phumelela said Friday that [...]
