Troubled sugar producer Tongaat Hulett, which entered business rescue in October, has acquired "post commencement finance" from the Industrial Development Corporation of South Africa (IDC). This will enable it to finish out the current season with seed capital to prepare for the next while the.
In a wide-ranging and frank interview, Zimbabwean businessman Hamish Rudland discussed his plans to take over SA’s largest sugar producer, Tongaat Hulett – plans that were substantially set back by SA’s Takeover Regulation Panel last week.
The next step after making billions by selling illicit cigarettes is to attempt to find a way to make it all legitimate. Which leads us to Friday’s decision by the Takeover Regulation Panel, a unit of the Department of Trade, Industry and Competition, to reverse the decision concerning the Zi.