amaBhungane | Tongaat Hulett bidder in scathing attack on business rescue process news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
RGS Group Holdings alleges business rescue practitioners acted against the interests of the insolvent sugar giant and its creditors by frustrating RGS’s efforts to make an offer. Now they are heading to court to enforce the tabling of their bid.
The race to rescue embattled sugar group Tongaat Hulett, on which more than 25,000 people rely for their livelihoods, is intensifying as the owner of Illovo has stepped into the bidding fray.
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