Tongaat flags delay in its R450m claim against former directors
Former directors implicated in underhand practices as civil cases expected to begin in 2023
11 January 2022 - 10:50
UPDATED 12 January 2022 - 09:59
Tongaat Hulett says it is facing delays before a court hearing of its R450m civil claims lawsuit against former directors implicated in underhanded accounting practices, which brought the sugar maker to the brink.
It is a setback for investors who have watched helplessly as billions of rand in shareholder equity has been wiped out...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.