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Mail & Guardian
business rescue practitionerslatest news & developments
Intervention: Trade, Industry and Competition Minister Parks Tau, left, and his deputy Zuko Godlimpi believe a sustainable solution can be found to prevent Tongaat Hulett from being liquidated, thus preventing a devastating ripple effect across the economy. Photos: Supplied
BUSINESS

Tau leads drive to save Tongaat Hulett

The government says the ailing company is a crucial player in South Africa’s sugar value chain and its demise would have ‘far-reaching and devastating consequences’ for the sector

  • Brian Sokutu
7 min read
File photo: Oupa Nkosi
ACTOM

Competition Commission to look into complaint over Actom’s acquisition of SSPM

Afro-Map, which failed in its own bid to buy the transformer producer, filed the complaint, saying provisions of the Competition Act were flouted in the deal

  • Brian Sokutu
5 min read
Over the past decade, the South African Post Office has had significant business problems, including debt to creditors and poor revenue collection.
BAILOUT FUNDING

Mid-term budget: ‘Tough love’ for Post Office, which faces liquidation

The treasury also did not allocate new funds to other struggling state-owned entities such as Denel, Transnet, the Land Bank and the South African National Roads Agency

  • Anathi Madubela
2 min read
While Tongaat Hulett Pty Limited’s (THL) business rescue practitioners (BRPs) seek liquidation, parties opposed to the move have filed court papers to block it. (Delwyn Verasamy/M&G)
BUSINESS RESCUE PRACTITIONERS

Tongaat Hulett delays publication of business rescue plan — again

The chief executive will step down on 28 February, the new date for the publication of the strategy

  • Anathi Madubela
2 min read