Phumelela Gaming and Leisure has received a notice of motion to oppose the implementation of its business rescue plan and possible sale. Phumelela's creditors are meant to vote on the the group's business rescue plan on Tuesday. Embattled horse racing and betting company Phumelela Gaming & Leisure was served a notice of motion on Monday intending to interdict its proposed business rescue plan and possible sale. Golden Circle wants the business rescue plan and proposed sale to be halted pending the final determination of dispute. Its creditors are also due to vote on the business rescue plan on Tuesday.

Source: News 24 August 31, 2020 18:45 UTC