Stay updated with breaking news from Harry Smit. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Retail Activist Investors, a group that represents institutional and retail investors, has questioned whether Tongaat exhausted all its options before putting a rights offer on the table.
In the next seven to ten days, Ascendis CEO Mark Sardi will meet with shareholders to discuss whether the company should be delisted and privatised or if what is left of it should be sold off.
Ascendis has managed to avoid business rescue, with CEO Mark Sardi unpacking the recapatilisation agreement on the BizNews Power Hour.
Ascendis Health will surrender its valuable international assets to settle debt in a restructuring and recapitalisation deal reached with its lenders. If shareholders approve the transaction, they won’t be left empty-handed, retaining most of the SA businesses. If they don’t approve it, they may be left with nothing. The compromise deal, announced on Wednesday, is the result of months of heavy bartering between management led by CEO Mark Sardi and chief financial officer Cheryl-Jane “CJ” Kujenga and creditors Blantyre Capital and L1 Health. Sardi, a former head of investment banki...