RESTRUCTING

Sterling Bank PLC has announced it will take a new name after receiving shareholders’ approval to convert from a core banking business to a holding company. The leadership of the Bank …

Cash-strapped state defence firm Denel will need around R3 billion (~$170 million) to cover a funding gap for a restructuring plan it is aiming to execute over the next 12 …

South Africa’s Blue Label Telecoms Ltd announced Thursday that it had concluded an agreement to restructure and refinance mobile operator Cell C’s 7.3 billion rand ($411 million) debt to bolster its …