By Lehlohonolo Lehana.
The Gauteng Division of the High Court of South Africa has granted a final order for the liquidation of Murray & Roberts Holdings with Theo van den Heever appointed as the provisional liquidator.
In a statement on Tuesday, the company reminded shareholders that the final winding up order pertains solely to Murray & Roberts Holdings, the listed entity, and does not impact its downstream subsidiary Murray & Roberts Limited, which is a separate legal entity that is currently under business rescue.
The company notes that business rescue proceedings in respect of Murray & Roberts Limited remain ongoing.
The suspension of trading in the company’s shares, which took effect on November 22, 2024, remains in place.
The company says shareholders will be advised in due course of the proposed delisting of the company pursuant to the final winding up order.
Earlier this month, the Competition Commission approved the South African aspects of the deal, clearing one of the key regulatory hurdles.
The company said the approval marks an important milestone in the broader business rescue process, adding that the BRPs remain confident that successful implementation of the plan will secure a sustainable future for the group and its employees.
The proposed restructuring is expected to safeguard approximately 2 800 jobs, particularly within the Cementation Africa division, which forms a critical part of South Africa’s mining services sector.