The Mozambican company, which is hoping to buy Tongaat, says the business rescue practitioners want to hold a key creditors meeting by the end of the week.
Dan Marokane worked at Eskom for about five years until he was abruptly suspended with three other board members in 2015 in what chief justice Raymond Zondo described as a “crucial step to pave the way for the capture of Eskom by the Guptas”.
The business rescue practitioners (BRPs) of financially distressed Tongaat Hulett have confirmed that creditors will vote and have the final say on the proposed rescue plan for the JSE-listed sugar producer and property group. The BRPs, Metis Strategic Advisors, were responding to questions from Moneyweb about the relevance of preferred bidder status in the business…