Sugar producer Tongaat Hulett forced into business rescue
By Zuko Komisa Sugar producer Tongaat Hulett has been forced to undergo business rescue. The board has designated Metis Strategic Advisors' Trevor Murgatroyd, Peter van den Steen, and Gerhard Albertyn as Tongaat's business rescue specialists. Tongaat was placed under new management with a turnaround plan in 2019 after it was linked to an accounting scam. Following the failure of its R4 billion right issue with the contentious Rudland family through […]