SKY - Sea Kay Holdings Limited - Fulfilment of commitment to the NHFC Gauteng
SKY
SKY
SKY - Sea Kay Holdings Limited - Fulfilment of commitment to the NHFC, Gauteng
department of local Government and Housing Debtor
SEA KAY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/004967/06)
JSE code: SKY
ISIN: ZAE000102380
("Sea Kay" or "the company")
FULFILMENT OF COMMITMENT TO THE NHFC, GAUTENG DEPARTMENT OF LOCAL GOVERNMENT AND
HOUSING DEBTOR
The company is pleased to announce that its financial commitments in respect of
the National Housing Finance Corporation Limited ("NHFC") for January 2011, in
terms of the agreement, which was made an order of Court dated 6 December 2010
and, as referred to in the SENS announcement dated 9 December 2010, have been
complied with. The Gauteng Department of Local Government and Housing ("the
Department") very kindly assisted Sea Kay during the festive season to conduct
a reconciliation and verification of the Sea Kay claims and effected accelerated
payment processes to ensure compliance with the abovementioned Court order. The
board of Sea Kay wishes to re-affirm its commitment to the partnership with the
Department as well as the NHFC to ensure continued and sustainable housing
delivery in this much needed low end of the housing market.
The board is confident that Sea Kay can now look forward to normalising business
and increasing the rate of housing delivery. Shareholders and stakeholders will
be kept informed of developments in this regard.
Johannesburg
10 February 2011
Sponsor
Vunani Corporate Finance
Date: 10/02/2011 17:50:01 Produced by the JSE SENS Department.
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