Sugarcane farmers in Zimbabwe’s Lowveld region have expressed concern over the corporate rescue process of Tongaat Hulett South Africa, saying the recent resignations of the company’s directors “is a show of no confidence” in the business rescue plan and its likelihood to succeed which could impact on local operations. The farmers, who deliver nearly half…
It s been described as viable and ‘having merit’ – but the business of extracting businesses from a business that is in business rescue is likely to be quite complex.