EDITORIAL: Tongaat Hulett’s win-win deal
Business rescue brings hope to company’s 500,000 workers
28 July 2023 - 05:00
For the 500,000 people who rely on Tongaat Hulett in the Southern Africa region, it has been almost 10 months of uncertainty about their livelihoods.
A household name in corporate SA, Tongaat’s SA operations tumbled into business rescue in October, throwing in the towel four years after disclosures of dodgy accounting practices punched a R12bn hole in its balance sheet...
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