Tongaat cuts executive pay | Club of Mozambique clubofmozambique.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from clubofmozambique.com Daily Mail and Mail on Sunday newspapers.
Tongaat has bought time to make tough decisions on debt Its plan now is to reduce debt by a further R3.2bn over the next 18 to 24 months to get it on a more stable footing 18 July 2021 - 00:14 By Nick Wilson
Tongaat Hulett is making progress in turning around its business but it may have to make some difficult decisions further down the road as it seeks to reduce a debt pile that still dwarfs its market capitalisation.
Gavin Hudson, the former SABMiller executive brought in as CEO in February 2019, says these decisions may include a rights issue on its own, or one underpinned by a strategic investor, or, as a last resort, the sale of assets that could break up the group.
Беспорядки в Южной Африке: мать выбросила ребенка из горящего здания после того, как мародеры атаковали магазин (The Telegraph, Великобритания) inosmi.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inosmi.ru Daily Mail and Mail on Sunday newspapers.
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Agricultural union estimates losses for KZN farming community to be in the hundreds of millions of rands.
By Prinesha Naidoo, Janice Kew and Loni Prinsloo, Bloomberg
14 Jul 2021 06:24
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South Africans are expected to face major food shortages in the wake of days of violent unrest across two key provinces, as rioters upend supply chains by looting supermarkets and torching goods trucks.
Footage of empty or sparse grocery-store shelves has been a staple of local news reports since the weekend, while chains such as Shoprite Holdings Ltd. and Pick n Pay Stores Ltd. closed many outlets altogether. In parts of Durban, the coastal KwaZulu-Natal city at the center of the upheaval, long queues formed outside the few open food shops and basics such as bread and milk were in short supply.
Food Shortages Set to Grip South Africa After Rioters Rampage
Prinesha Naidoo, Janice Kew and Loni Prinsloo, Bloomberg News BC-Food-Shortages-Set-to-Grip-South-Africa-After-Rioters-Rampage , Prinesha Naidoo, Janice Kew and Loni Prinsloo
(Bloomberg) South Africans are expected to face major food shortages in the wake of days of violent unrest across two key provinces, as rioters upend supply chains by looting supermarkets and torching goods trucks.
Footage of empty or sparse grocery-store shelves has been a staple of local news reports since the weekend, while chains such as Shoprite Holdings Ltd. and Pick n Pay Stores Ltd. closed many outlets altogether. In parts of Durban, the coastal KwaZulu-Natal city at the center of the upheaval, long queues formed outside the few open food shops and basics such as bread and milk were in short supply.