Home » Scheme of arrangement pays off for Starafrica

Scheme of arrangement pays off for Starafrica

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STAR AFRICA Corporation (Starafrica) says it has shaved off more than $45 million in debt and finance costs, which had suppressed the company’s profitability, after it entered into a scheme of arrangement with creditors. The scheme, which was sanctioned by the High Court in 2016 and expires in 2022, has seen 72 percent of the…

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