Departing Tongaat Hulett CEO was handed a 'poisoned chalice'
In his four years at the helm Gavin Hudson reduced the group's debt by R6.5bn, but won’t be around to see the group emerge from business rescue.
Source: moneyweb.co.za
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Tongaat Hulett enters voluntary business rescue after r...
Lenders have told the 130-year-old sugar producer that they are unable to support its restructuring plan or to provide the additional funding required, calling in the debt.
Source: dailymaverick.co.za
Activist investors urge Tongaat to speed up restructuring plan
One proposal is to ask the nine banks that lent the company some R13bn to ‘take a haircut’.
Source: timeslive.co.za
Tongaat Hulett shares surge over 17% as Artemis ups its stake
Investment company controlled by shareholder activists increases its shareholding in Tongaat to over 10%.
Source: moneyweb.co.za
Tongaat Hulett abandons planned R5bn rights offer
Decision welcomed by shareholder activists.
Source: moneyweb.co.za