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

📆 2022/12/12 11:40:00
📰 News24

⏱ Reading Time:
24 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

South Africa South Africa Latest News, South Africa South Africa Headlines

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

R1.6 billion heist traced to a Florida 'psychic' who promised to cleanse jewels of bad spirits | Business InsiderA US federal agent alleged the theft included a 13.15-carat pink diamond which was abruptly pulled from Christie's auction house before going on sale.
Source: BISouthAfrica - 🏆 34. / 51 Read more »