/ 31 January 2000

FEDICS TO WIND UP

CATERING company Fedics Group on Friday said it is disposing of the business of Fedics as ongoing concern, delisting and liquidating by way of members’ voluntary winding up. The company said in a statement it was disposing of its business to a consortium comprised of existing black empowerment shareholders in Fedics, Ethos and certain members of the existing executive management of Fedics.