Page 2 - Peter Staude News Today

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Amended business rescue plan expected to be published by 31 October.

The South Africa of Nelson Mandela is beset by a lack of ethical and moral leadership – in government and in business.

The profession has taken a reputational knock in recent years, amid serious accounting scandals

But the exec is challenging the move.

Introducing a concept known as earnings management and detailing how and why a companys management team partakes in it. 

Former Eskom executive Dan Marokane has been appointed interim CEO of Tongaat Hulett, which is in survival mode as it struggles in a debt chokehold that sent the group into business rescue last year.

The release of a business rescue plan for embattled sugar producer Tongaat Hulett has been pushed by a month until the end of February, when CEO Gavin Hudson will also leave the firm after just over four years in the job. The firm’s business rescue practitioners said in a statement that the delay came amid…

In his four years at the helm Gavin Hudson reduced the groups debt by R6.5bn, but won’t be around to see the group emerge from business rescue.

The release of a business rescue plan for embattled sugar producer Tongaat Hulett has been pushed by a month until the end of February, when CEO Gavin Hudson will also leave the firm after just over four years in the job.