Ster-Kinekor will no longer be shutting its doors

JOHANNESBURG - Struggling cinema group Ster-Kinekor says it will no longer be drawing the curtains on 9 cinemas across the country.

This follows its restructuring process, the company says it managed to cut fewer jobs and has plans to broaden its product offering to attract new audiences.

The entertainment company previously anticipated retrenching over 220 workers and closing 9 cinemas. 

Less than 60 jobs were cut and only two cinemas were closed.

The company says the softer blow to the business is thanks to successful talks with landlords and distributors about restructuring operations as well as some cost-cutting measures implemented.