EDITORIAL: Tongaat must take advantage of business rescue process

For the 500,000 people who rely on Tongaat Hulett in the Southern Africa region, a gloomy festive season beckons.

A household name in corporate SA, Tongaat’s SA operations tumbled into business rescue earlier this month, with management throwing in the towel four years after disclosures of dodgy accounting practices punched a R12bn hole in its balance sheet, making it the latest high-profile SA company to seek protection from creditors. ..If you have already registered or subscribed, please sign in to continue.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Abandoning core sugar business killed off Tongaat HulettAbandoning core sugar business killed off Tongaat Hulett - Departing from its core business, and having its fingers in too many pies, is what crippled Tongaat Hulett and ultimately left it open to massive fraud
La source: mailandguardian - 🏆 2. / 92 Lire la suite »

Abandoning core sugar business killed off Tongaat HulettAbandoning core sugar business killed off Tongaat Hulett: Departing from its core business, and having its fingers in too many pies, is what crippled Tongaat Hulett and ultimately left it open to massive fraud
La source: mailandguardian - 🏆 2. / 92 Lire la suite »