Faritec is in the process of securing a R20-million loan from shareholders, in order to fund working capital shortfalls.

In an announcement today, the company says it will publish further details of the funding later this week, but urges shareholders to exercise caution when dealing in its securities.
The latest announcement follows last month's revelation that Faritec was looking to raise R20-million to ensure its sustainability.
At that time (11 March), the board decided to undertake an underwritten rights offer to shareholders in order to raise the R20-million.