Elvira Wood
Sisa Ngebulana s Rebosis says it is in negotiations with investors for a possible transaction that could change its fortunes.
The company has been drowning in debt, sparking fears that it may soon go under.
Rebosis says if the negotiations go well, the transaction could fundamentally change its financial matrix.
It looks like the debt-laden Rebosis might be thrown a lifeline. On Wednesday morning, the property company founded by Sisa Ngebulana announced on the Stock Exchange News Service (SENS) that it is currently in negotiations with local and offshore institutions and pension funds for a possible transaction that could change its fortunes.