Tongaat Hulett can only exit business rescue once the approved plan is largely implemented or the company is no longer financially distressed
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Vision Partners say they will “engage and settle” with the SA Sugar Association
Bidder says rescue practitioners tried to manipulate process to favour ANC funder Robert Gumede
Business rescue practitioner Metis has agreed to amend the ‘unlawful’ Vision group rescue plan
ANC funder Robert Gumede’s bid for the sugar giant may be on the rocks
The business rescue practitioners are also silent over the company’s debt deal
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The agreement will give Terris Sugar discounted ownership of Tongaat Hulett’s R8 billion bank debt and control at the upcoming creditors’ vote
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Gumede’s lawyers plan to serve the summons on the newspaper after it said the SIU was investigating a tender awarded to his IT firm, Gijima.
Businessman Robert Gumede has been awarded R53-million in damages and costs by a UK court against his former business partner, John Sterenborg.
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/ 27 January 2012
Guma Tac says the Golden Lions Rugby Union is "hopelessly insolvent" and have filed papers in the South Gauteng High Court.
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/ 25 November 2011
South Africa has emerged as a key part of the battleground for the November 28 elections in the Democratic Republic of the Congo.
A breakdown in negotiations between the Lions and former potential equity partners the Guma TAC group will be investigated by the sports minister.
<b>Nickolaus Bauer</b> looks back to 1993, and when it was a good time to be a Lions fan.
One of the strongest statements made last year by IT mogul Robert Gumede has come back to haunt him.
Eight months after announcing they had sold a 49.9% stake to Guma TAC, the Golden Lions Rugby Union says that negotiations have fallen through.
The SABC has lost yet another round in its campaign to avoid airing a scathing ruling against it by the BCCSA.
The refusal of the SABC to abide by a ruling of the BCCSA in favour of the <i>M&G</i> is unprecedented, says <b>Nic Dawes</b>.
The SABC will hear on Monday whether an order compelling it to air a summary of a judgment in favour of the <i>M&G</i> will be suspended.
The SABC is appealing a ruling by the BCCSA in favour of the <i>M&G</i> all the way to communications authority Icasa.
The SABC will appeal to Icasa to overturn an order directing it to air on prime-time TV a correction of a report maligning M&G journalist Sam Sole.
The SABC shows classic signs of insanity in refusing to play nice with the BCCSA, writes <b>Verashni Pillay</b>.
Broadcaster must now air prime-time apology.
The BCCSA has dismissed an application by the SABC to appeal against an order that it correct an unfair report on an <em>M&G</em> journalist.
The BCCSA denied an appeal by SABC 3 concerning a broadcast in which businessman Robert Gumede alleged an <i>M&G</i> journalist took a bribe.
There’s a whole lot of sinning going on, especially in the political realm. <b>Mandy Rossouw</b> comments on who needs to repent.
The SABC must broadcast a stinging reprimand from the BCCSA on prime-time television for failing to give the <i>M&G</i> an adequate right of reply.
When the BCCSA ruled that the SABC had breached its code in reporting unsubstantiated allegations against the <i>M&G</i>, our reaction was delight.
The BCCSA has upheld the <i>M&G</i>’s complaint against the SABC regarding its broadcast of Robert Gumede’s claims of corruption against Sam Sole.
Although the IT company will conclude the billion-rand department of home affairs project, its role will be relatively small.
The BCCSA has reprimanded the SABC over an interview it flighted last year, in which John Sterenborg and Sam Sole were accused of corruption.
The SABC has been reprimanded for contravening the broadcasting code regarding an interview with businessman John Sterenborg in November 2010.
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/ 11 February 2011
The SABC and the <em>M&G</em> locked horns before the BCCSA about a broadcast in which Robert Gumede accused a reporter of corruption and racism.