Mozambican bidder pulls out after accusing Tongaat Hulett business rescue practitioners of 'bias'
Mozambican group RGS has pulled out of the race to acquire sugar group Tongaat Hulett.
Source: timeslive.co.za
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Mozambican group RGS has pulled out of the race to acquire sugar group Tongaat Hulett.
Though the South African Post Office has lost R19bn over the years, the entity’s business rescue practitioners are confident a bailout of R3.8bn could give it a fighting chance.
More than 5-million South African Social Security Agency (Sassa) beneficiaries receiving their grants at the South African Post Office (Sapo) might be forced to get their payouts elsewhere as the entity's business rescue practitioners have proposed the discontinuation of the service.