Former Tongaat Hulett execs back in court in Sept on R3.5bn fraud charges
They include former chief executive officer Peter Staude and chief financial officer Murray Hector Munro.
Source: ewn.co.za
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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
Tongaat loses Magister as capital raise saviour
Tongaat’s contentious deal with Mauritius-based Magister Investments is off the table, leaving a R2 billion hole in the group’s recapitalisation plan.
Source: news24.com