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Kingco confident of meeting deadline
June 20, 2008

King Consolidated Holdings (Kingco) was confident yesterday that it would meet the June 30 deadline set down by the JSE as the final date for submitting its already late results.

The group operates more than 70 franchised restaurants, pubs and fast food outlets operating under the trade names of Saddles, Bimbo's, KEG and McGinty's.

Paul Cottrell, a non-executive director at Kingco, said the results were delayed because of a staff shortage. The franchiser had not replaced its accountant and was interviewing candidates for the post.


"We have someone who is helping us. I am told that we should have our results out by next week and I have no reason not to believe them," said Cottrell.

This week the JSE threatened to suspend or expel Kingco if it failed to submit its results. - Slindile Khanyile

     
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