Shareholders challenging the Tongaat takeover by the Rudland family have temporarily blocked the transaction while allegations of improper conduct are probed - including whether Simon Rudland or his proxies have a stake in the company behind the takeover.
Who sits behind Magister Investments, the prospective new owner of the sugar giant? This mystery is now front and centre in a last-ditch battle by minority shareholders to block the controversial R2-billion deal. Who sits behind Magister Investments, the prospective new owner of the sugar giant.
The fightback campaign by minority shareholders and activists against sugar giant Tongaat Hulett’s rights issue has suffered a grave setback after the JSE Takeover Regulation Panel found against their objections, setting the stage for the takeover of the company by Zimbabwe’s controversial.