THE FINANCE GHOST: When the balance sheet breaks

Business rescue: two words that no equity investor wants to read. To be fair, creditors don’t want to see it happen either. The biggest winner in this process is usually the business rescue practitioner. If things go well, the staff hang onto their jobs and the business doesn’t disappear from the market altogether.

The latest example is Tongaat Hulett, the embattled sugar company that has been a victim of alleged accounting misstatements, a once-in-a-lifetime pandemic and a province that appears to have angered all the gods, ancestors and, quite frankly, every mysterious being you can think of. The KwaZulu-Natal economy has suffered huge setbacks in the past couple of years and Tongaat Hulett is headquartered in the region with most of its operations there...

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

PHANTOM SHARES: The Finance Ghost: How investment properties in Joburg’s CBD outperformed London’s West EndSuccess on the market is all about what you buy and how much you pay for it. I cant believe you publish this clown Octodec are up because they probably over report rev and under report impairments and expenses
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

THE FINANCE GHOST: When the balance sheet breaksTongaat is another cautionary tale to investors in any overindebted company — and there are more than a few red flags to look out for, writes FinanceGhost.
مصدر: FinancialMail - 🏆 20. / 63 اقرأ أكثر »

THE FINANCE GHOST: When the balance sheet breaksTongaat is another cautionary tale to investors in any overindebted company — and there are more than a few red flags to look out for, writes FinanceGhost.
مصدر: FinancialMail - 🏆 20. / 63 اقرأ أكثر »

THE FINANCE GHOST: When the balance sheet breaksAs the balance sheet becomes an increasingly daunting prospect, companies realise that they can’t grow their way out of their mess, writes FinanceGhost.
مصدر: FinancialMail - 🏆 20. / 63 اقرأ أكثر »

THE FINANCE GHOST: When the balance sheet breaksTongaat Hulett has been a victim of alleged accounting misstatements, a once-in-a-lifetime pandemic (touch wood) and a province that appears to have angered all the gods, ancestors and, quite frankly, every mysterious being you can think of.
مصدر: FinancialMail - 🏆 20. / 63 اقرأ أكثر »

THE FINANCE GHOST: When the balance sheet breaksBy no means the only broken balance sheet on the JSE, Tongaat Hulett is just an example of how badly things can go, writes FinanceGhost. FinanceGhost EOH next …..
مصدر: FinancialMail - 🏆 20. / 63 اقرأ أكثر »