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Tongaat Hulett placed in business rescue

Tongaat has more than R6.3bn in excess debt it cannot repay, which is increasing as interest mounts.

South-africa
South-african
Tongaat-hulett
Sunday-times
Comment-policy
Tongaat
Debt
Magister-investments
Mauritius
Companies-act
Southern-african

Uncertain future for Tongaat — and the communities it is part of

Tongaat has more than R6.3bn in excess debt that it cannot repay, which is increasing as interest mounts

Tongaat-hulett
Tongaat
Debt
Magister-investments
Mauritius
Companies-act
Southern-african
Business-rescue
Financial-distress
Usiness-live

The long forecast stagflationary debt crisis of the world has begun

The global gloom spelt by excessive debt amid clunky policies and supply shocks could show up in a long and severe recession

Stagflationary-debt-crisis
Recession
Inflation
Financial-distress
Debt-crises
Ecb
Global-equities

Large Corporate Bankruptcy Filings Continue to Decrease through First Half of 2022

New York (PRWEB) September 07, 2022 Following the spike in large corporate bankruptcy filings triggered by the COVID-19 pandemic, filings in 2021 and the

New-york
United-states
Boston
Massachusetts
Chicago
Illinois
Washington
London
City-of
United-kingdom
San-francisco
California

Stressed  cos  may  get to issue shares at a discount for funds

Money-losing companies may get the leeway to sell shares at a discount to raise much-needed capital to mitigate financial distress, according to a set of amendments to the Companies Act that the government is working on.

Companies-act
Distressed-companies
Financial-distress
Corporate-affairs-ministry
Infra

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