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Covid deadly blow to M&R
The Citizen
|April 14, 2025
Covid appears to have claimed another South African business icon, the once mighty Murray & Roberts Limited.
Covid appears to have claimed another South African business icon, the once mighty Murray & Roberts Limited. The shutdown in travel and the disruption caused by lockdowns were a mountain too steep to climb.
Citing massive disruptions to its business from Covid, Murray & Roberts Limited announced last Thursday that its main assets focused around mining will be sold to a consortium of investors led by Differential Capital.
The sale of these assets will generate sufficient cash to pay all secured creditors, leaving 5-10 cents in the rand for unsecured creditors.
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