×

We've got news for you.

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

As embattled sugar producer Tongaat Hulett prepares to digitally gather shareholders on Tuesday morning, asking them to back the implementation of a R4bn rights offer, the necessity for the potentially dilutive capital raise to settle the outstanding debt is being questioned.

Tongaat, whose SA borrowings exceed R6bn, has been struggling to generate cash and sell off assets to meet demands from lenders and had its plans thrown off course after the July civil unrest whacked its profits and prospects for property sales...

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