The publication of Tongaat Hulett's business rescue plan has been extended to March 31, against the wishes of the business rescue practitioners who had sought a deadline of the end of June.
Tongaat Hulett, which has more than R6bn in debt, remains suspended from trade on the JSE for having failed to release financial statements on time. It has been in business rescue, a form of bankruptcy protection, since October last year...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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