Inside Tongaat’s R12bn schlenter
400 pages of court papers, surfacing now, spell out the mechanics of an epic R12bn fraud second only to Steinhoff
20 January 2022 - 05:00
It’s been a momentous week for fallen sugar titan Tongaat Hulett.
On Tuesday, shareholders agreed — despite staunch opposition from some — to approve a R4bn rights issue that will probably see the opaque Zimbabwean company Magister emerge as its largest shareholder...
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