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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: mailandguardian - 🏆 2. / 92 Read more »

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
Source: mailandguardian - 🏆 2. / 92 Read more »