×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Sugar giant Tongaat Hulett is weighing up the next course of action after the mergers & acquisitions watchdog last week delivered a setback to its fundraising plans, CEO Gavin Hudson (https://www.businesslive.co.za/bd/opinion/2022-06-08-gavin-hudson-recapitalising-tongaat-will-protect-more-than-half-a-million-livelihoods/) writes in Business Day on Thursday.

The takeover regulation panel, an agency of the trade, industry & competition department, scuppered Tongaat’s plans to raise R4bn via a rights issue underwritten by Magister Investments last week when it nullified an earlier ruling that the Mauritius-based company would not have to make a mandatory offer to minorities...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now