BRPs short-list 8 bidders for Tongaat Hulett assets
The Tongaat Hulett business rescue practitioners (BRPs) received many approaches from potential strategic equity partners (SEPs) interested in Tongaat Hulett Limited... Read more.
Tough consumer environment hits Tiger Brands
The consumer environment in the country is becoming more challenging, food group Tiger Brands said this week. During the company’s interim results presentation,... Read more.
Higher rates hurt economy but boost savings
The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) has hiked its key repo rate by 50 basis points to 8.25%, the highest level in 14 years,... Read more.
Tongaat Hulett business rescue practitioners plan to cut jobs
Tongaat Hulett business rescue practitioners (BRPs) have unveiled their business rescue plan for the group’s property division, Tongaat Hulett Developments (THD),... Read more.
Record gold prices a boon for South African investors
South Africans owning gold jewellery and bullion investments have benefited from the sharp rise in the price of gold this week, including when it hit record levels... Read more.
Employment Equity Amendment Act comes under fire from black business
The Employment Equity Amendment Act has come under fire from black business organisations after President Cyril Ramaphosa signed it into law last month. The Presidency... Read more.
RCL Foods locks horns with Tongaat Hulett over R1.5bn default
RCL Foods has taken the Tongaat Hulett business rescue practitioners (BRPs) to the Sugar Industry Appeals Tribunal. This follows the failure by the BRPs to fulfil... Read more.
SIU takes battle with Sisa Ngebulana’s companies to the ConCourt
The Special Investigating Unit (SIU) is challenging the decision of the Supreme Court of Appeal (SCA) in favour of two companies associated with property mogul Sisa... Read more.
Future of black sugarcane farmers at risk due to R1.5bn default
Thousands of black small-scale sugar farmers are suffering due to the failure of Tongaat Hulett and the Gledhow Mill to pay them R1.5-billion. Tongaat Hulett and... Read more.
EnviAfrica launches first two products
This week, black female-owned South African microinsurance company, EnviAfrica Life, launched its first two products: life and funeral cover products aimed at the... Read more.
