The predictable cost of financial statement shenanigans
Introducing a concept known as earnings management and detailing how and why a company's management team partakes in it.
Source: moneyweb.co.za
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Former Eskom exec Dan Marokane takes up Tongaat interim CEO role
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.
Source: news24.com
Tongaat Hulett CEO Hudson resigns
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…
Source: thezimbabwemail.com
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
Tongaat Hulett CEO Gavin Hudson resigns, business rescue plan is delayed
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.
Source: news24.com