PSV Holdings Limited will officially exit the Johannesburg Stock Exchange (JSE) after enduring nearly six years of financial distress, business rescue attempts, and eventual liquidation proceedings. Founded in 1998, PSV Holdings operated as an industrial engineering group, supplying essential industrial products such as steel and tools, alongside specialized services like gas systems. Its diverse client base spanned sectors including mining, manufacturing, water, and healthcare across Southern Africa.
The company listed on the JSE in 2006, marking a significant milestone in its growth trajectory. However, PSV’s fortunes changed dramatically at the start of the current decade. In 2020, mounting financial pressures…