Rgs

latest news & developments

Greed has cost nearly 8 000 workers in Tongaat’s sugar division and its milling operations their jobs when the company moved to sell off assets and reduce its debt, while the firm and its suppliers sustained huge losses.
(Dean Hutton/Bloomberg/Getty)

AQUIL RAJAHUSSEIN

Tongaat bidder appears in court over alleged fraudulent funding letter

The case was postponed to 10 June, when Rajahussen is expected to respond to allegations that RGS fraudulently submitted a R2 billion proof-of-funding bank letter as part of its…

Nkateko Joseph Mabasa