The Competition Commission has recommended an offer by the retail giant to acquire the stores and staff of the failed furnisher.
The holders of preference shares are at risk of losing their capital - but now there is an offer to acquire all of them.
The retailer's results show the it is not moving in the right direction quickly enough.
The furniture retailer's balance sheet was burdened by climbing bad loans and restructuring within the group.
The struggling retailer's shares rose on news that it had found a buyer for its loan book, allowing it to focus on its retailing and product range.
Despite tough times of late for South Africa's platinum sector the Public Investment Corporation is betting on the precious metals' comeback.
Despite a slow economy, the clothing retailer has seen its loss narrow by some R200-million as refurbished shops draw consumers back in.
The company stock dropped 4.7% after a share sale to institutional investors to generate cash for investment opportunities.
The clothing retailer looks to bolster sales by enabling pressurized consumers to buy more on credit.
Mediclinic International has seen an increase in full-year profit as more patients have visited its hospitals and spent more money per visit.