SA business: 21 burning questions that will be answered in 2023
2023 looks set to be an eventful year in the South African business landscape.
Stay updated with breaking news from Peter Staude. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
2023 looks set to be an eventful year in the South African business landscape.
SA's largest sugar producer says its lenders have not agreed to extend borrowing facilities that would have made a restructuring plan possible, and it is entering bankruptcy protection, though its Botswana, Zimbabwean and Mozambican operations aren't distressed.
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.
Struggling sugar producer Tongaat Hulett says its board has now approved a restructuring plan, although it didn't go into details, saying it needs to consult with stakeholders.
Zweli Mkhize, Jacob Zuma inspired to contest for ANC leadership points to a party stuck in a vortex of bad governance and stale ideas