R1.8 billion in pension funds invested in a company now in business rescue, with only R15,000 left

• Concor has just R15,000 in immediately available cash and receivables
• The business rescue proceedings cover Concor’s civil engineering, infrastructure, building and mining operations across Southern Africa and the United Arab Emirates
• The PIC's financial support included approximately R277 million in initial funding for the 2017 transaction and a further R692.6 million in distressed-asset funding and emergency financial support