EDITORIAL: Tongaat must take advantage of business rescue process
14 November 2022 - 05:00
For the 500,000 people who rely on Tongaat Hulett in the Southern Africa region, a gloomy festive season beckons.
A household name in corporate SA, Tongaat’s SA operations tumbled into business rescue earlier this month, with management throwing in the towel four years after disclosures of dodgy accounting practices punched a R12bn hole in its balance sheet, making it the latest high-profile SA company to seek protection from creditors. ..
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