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Busy week for SA Inc
Nerve-wracking time for Tongaat, banking issues at Ayo, another pot of gold for African Rainbow and a ‘revolt’ at Glencore.
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Sweet paypackets for Tongaat executives eclipsed by Glencore CEO s extremely excessive deal. Image: Supplied
The Tongaat share price staged a remarkable recovery on Friday although the 11.4% bounce that day was not enough to see it reclaim all the territory it lost earlier in the week following the sugar and property company’s worrying update on its debt restructuring.
No doubt many of the shareholders will have heaved a sigh of relief that the share price slide stopped at R8, well above the 12-month low of R4.50. ....

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