Robert Gumede
latest news & developmentsTongaat Hulett gets lifeline as court grants delay in liquidation bid
Tongaat Hulett has been granted a temporary reprieve from liquidation after the Durban High Court approved an adjournment, giving business rescue practitioners time to finalise a…
How sugar’s rise and collapse shaped KZN
Tongaat Hulett, once the pride of the sugar belt and a 134-year-old industrial icon, has collapsed under the weight of mismanagement, scandal and shifting global markets
Tau leads drive to save Tongaat Hulett
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
Editorial: Tongaat Hulett must be saved
At a time when rampant unemployment — one of the country’s biggest crises and a national emergency — takes root, the looming jobs bloodbath will decimate not only the sugar…
Tongaat Hulett collapse looms
Vision, the lead secured lender to the troubled sugar giant, said it was committed to saving the company and jobs despite the business rescue process failing
US Congress should ask questions about the Ivanhoe Atlantic Deal
Did US ambassador to Liberia Mark Toner, US Africa bureau official Troy Fitrell, Africa adviser to the US president Massad Boulos and former US special envoy J Peter Pham have…
Sugarcane farmers ‘living in anxiety’ with industry still in business rescue
Tongaat Hulett can only exit business rescue once the approved plan is largely implemented or the company is no longer financially distressed
Tongaat Hulett business rescue on, but industry concerned over R900m in unpaid levies
Vision Partners say they will “engage and settle” with the SA Sugar Association
RGS abandons Tongaat bid, claims business rescue is rigged
Bidder says rescue practitioners tried to manipulate process to favour ANC funder Robert Gumede
RCL withdraws interdict, so Tongaat creditors’ vote goes ahead — for now
Business rescue practitioner Metis has agreed to amend the ‘unlawful’ Vision group rescue plan
UPDATED: Crucial Tongaat Hulett creditors vote is postponed again as parties head to court over unpaid industry levies
ANC funder Robert Gumede’s bid for the sugar giant may be on the rocks
Sugar industry holds its breath as Tongaat mum on Robert Gumede buyout
The business rescue practitioners are also silent over the company’s debt deal
Robert Gumede’s Tongaat Hulett purchase hinges on R2bn PIC loan
The agreement will give Terris Sugar discounted ownership of Tongaat Hulett’s R8 billion bank debt and control at the upcoming creditors’ vote
Robert Gumede wins UK court battle
Businessman Robert Gumede has been awarded R53-million in damages and costs by a UK court against his former business partner, John Sterenborg.
Guma Tac takes steps to liquidate Golden Lions
Guma Tac says the Golden Lions Rugby Union is "hopelessly insolvent" and have filed papers in the South Gauteng High Court.