They got in R550m for selling 5.5% of Tetra4 to MGE not long ago..
If anything another 4.5% for another R450m to the Renergen bank account could be coming soon..
R1b = AUD 82 million
The loss of R110m = AUD 9 million for the 12 months is annoying and small in comparison to upto AUD 82m coming into the Renergen bank account.. The poor performance mostly down to the chinese oem pilot plant (Phase One) which the US DFC approved so rightly are providing re-finance for it given the delays etc.. if I read that correctly in the report..
Ann: Preliminary Final Report, page-27
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