As the financial troubles at Tongaat Hulett hit the sugar industry hard, the company’s lenders have defended their decision to pull funding from the sugar producer, with some saying its restructuring plan was not viable.
But they are working with business rescue practitioners to provide funding for the rescue process...You’ve always trusted us to help you navigate the world. Support the Sunday Times by becoming a premium member for only R80 and keep the conversation going. You can cancel anytime.
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ROB ROSE: Why the banks pulled the plug on TongaatAfrica’s largest sugar producer is in business rescue and its banks clearly need convincing that it's worth saving, writes robrose_za.
Source: FinancialMail - 🏆 20. / 63 Read more »