DNG Energy Proprietary Limited agreed to acquire Turbo Agencies (Proprietary) Limited from PSV Holdings Limited (JSE:PSV) for ZAR 5.8 million on February 26, 2020. Under the terms of the transaction, DNG Energy Proprietary Limited will pay ZAR 1 and take over the responsibility for the sureties previously signed by PSV Holdings Limited in relation to amounts owed to First National Bank of ZAR 5.83 million by Turbo Agencies (Proprietary) Limited. The transaction remains subject to the conclusion of legal agreements and approval of First National Bank. DNG Energy Proprietary Limited cancelled the acquisition of Turbo Agencies (Proprietary) Limited from PSV Holdings Limited (JSE:PSV) on October 30, 2020. The transaction was terminated because PSV Holdings Limited was placed into business rescue and practitioners considers that this transaction is voidable. Accordingly, PSV Holdings Limited business rescue practitioners declined to proceed with the transaction.