Efora Energy Limited is set for liquidation, with the company’s shares currently suspended from trading on the Johannesburg Stock Exchange (JSE).
Efora was incorporated in February 1993 under the name Manga-Chem Products Proprietary Limited. It was listed in the venture capital sector of the JSE’s securities exchange in October 1994.
It was incorporated to establish a manganese sulphate manufacturing and marketing business. The company’s name would change to SA Mineral Resources Corporation Limited by December 1996.
A decade later, on the final day of 2007, the company was restructured and recapitalised, where Encha Capital acquired a controlling interest in the…