Tongaat Hulett has been granted a temporary reprieve from liquidation after the Durban High Court approved an adjournment, giving business rescue practitioners time to finalise a…
Tongaat Hulett, once the pride of the sugar belt and a 134-year-old industrial icon, has collapsed under the weight of mismanagement, scandal and shifting global markets
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
Vision, the lead secured lender to the troubled sugar giant, said it was committed to saving the company and jobs despite the business rescue process failing
At a time when rampant unemployment — one of the country’s biggest crises and a national emergency — takes root, the looming jobs bloodbath will decimate not only the sugar…
Did US ambassador to Liberia Mark Toner, US Africa bureau official Troy Fitrell, Africa adviser to the US president Massad Boulos and former US special envoy J Peter Pham have…
Tongaat Hulett can only exit business rescue once the approved plan is largely implemented or the company is no longer financially distressed
Vision Partners say they will “engage and settle” with the SA Sugar Association
Bidder says rescue practitioners tried to manipulate process to favour ANC funder Robert Gumede
Business rescue practitioner Metis has agreed to amend the ‘unlawful’ Vision group rescue plan
ANC funder Robert Gumede’s bid for the sugar giant may be on the rocks
The business rescue practitioners are also silent over the company’s debt deal
The agreement will give Terris Sugar discounted ownership of Tongaat Hulett’s R8 billion bank debt and control at the upcoming creditors’ vote
Gumede’s lawyers plan to serve the summons on the newspaper after it said the SIU was investigating a tender awarded to his IT firm, Gijima.
Businessman Robert Gumede has been awarded R53-million in damages and costs by a UK court against his former business partner, John Sterenborg.
Guma Tac says the Golden Lions Rugby Union is "hopelessly insolvent" and have filed papers in the South Gauteng High Court.
A breakdown in negotiations between the Lions and former potential equity partners the Guma TAC group will be investigated by the sports minister.
<b>Nickolaus Bauer</b> looks back to 1993, and when it was a good time to be a Lions fan.
One of the strongest statements made last year by IT mogul Robert Gumede has come back to haunt him.
Eight months after announcing they had sold a 49.9% stake to Guma TAC, the Golden Lions Rugby Union says that negotiations have fallen through.
