Bad books: Tongaat shareholders call for settlement with Deloitte amid cash crunch | Business

📆 12/12/2022 3:40 AM
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As business rescue practitioners battle to keep ailing sugar company Tongaat Hulett afloat, angry shareholders want a speedy resolution to a damages claim against auditing giant Deloitte. | News24_Business

As business rescue practitioners battle to keep ailing sugar company Tongaat Hulett afloat, angry shareholders want a speedy resolution to a damages claim against auditing giant Deloitte.

The big question is how much Deloitte could pay when Tongaat Hulett is in dire need of a cash injection. The company needs at least R300 million for critical mill maintenance between December 2022 and April 2023 when the next crop of cane will be ready for milling.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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