The government says the ailing company is a crucial player in South Africa’s sugar value chain and its demise would have ‘far-reaching and devastating consequences’ for the sector
Afro-Map, which failed in its own bid to buy the transformer producer, filed the complaint, saying provisions of the Competition Act were flouted in the deal
The treasury also did not allocate new funds to other struggling state-owned entities such as Denel, Transnet, the Land Bank and the South African National Roads Agency
The chief executive will step down on 28 February, the new date for the publication of the strategy
