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recapitalisationlatest news & developments
The entire sugar eco-system and stakeholders require certainty and a sustainable solution before the insolvency court sits to hear the BRP’s application for provisional liquidation of THL . (Delwyn Verasamy/M&G)
BUSINESS RESCUE

Tongaat Hulett placed in business rescue as debt rises

Tongaat Hulett said it entered into business rescue due to its debt burden and that waiting for additional funding exacerbated the already dire situation

  • Anathi Madubela
2 min read
The entire sugar eco-system and stakeholders require certainty and a sustainable solution before the insolvency court sits to hear the BRP’s application for provisional liquidation of THL . (Delwyn Verasamy/M&G)
COMPETITION COMMISSION

Mauritius-based company set to own majority stake in Tongaat Hulett

South African competition watchdog has approved Tongaat takeover – with conditions

  • Anathi Madubela
2 min read
LAND BANK

Minister approves R3,5bn injection for Land Bank

Finance Minister Pravin Gordhan has approved R3,5-billion for the recapitalisation of the Land Bank, the bank said on Wednesday.

  • Staff Reporter
2 min read