New deal from lenders gives Tongaat more time

Sugar producer Tongaat Hulett, which is still grappling with the fallout of an accounting scandal two years ago, says it had secured a new deal with its lenders and avoided a default.

The embattled group, valued at only R1bn on the JSE, needed to reduce debt by R8.1bn by the end of March, but this has been pushed back until the end of September...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cyril Ramaphosa vows to restore order and announces new security measuresPresident says during a national address the government will be ‘mobilising all available resources and capacities to restore order in our country‘ After he and his team stole R500-Billion. Come on guys, must I become a journalist as well? 😏 What security measures did announce except deployment of army to support police . Bullsht he announced nothing
Source: BDliveSA - 🏆 12. / 63 Read more »

Covid-19 update: SA records 11,182 new cases and 220 deathsAlthough the full impact of the pandemic cannot yet be determined, the report estimated around 118 million more people faced hunger in 2020 than in 2019, an increase of 18 percent. Notice how the numbers are falling? Useless stats from dubious unqualified medical persons. He must open up the country and cut the lies out to push people into Western vaccines. What's the use of curfew when alcohol is banned? Useless and pitiful mockery of leadership. Shame
Source: TheCitizen_News - 🏆 6. / 75 Read more »

TruthTV | The truth behind Michael Mol's big new TV product for families | ChannelYou might know him best as the charming TV presenter who could so effortlessly walk down a flight of stairs in fancy mansions on the hit lifestyle show, Top Billing. But Michael Mol is much more than that.
Source: Channel24 - 🏆 48. / 51 Read more »

Finding a new path after abusive spiritual leadersA common tactic often used by abusive pastors includes isolating the victims from their families, friends and loved ones. According to the woman this is what happened in her case.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

'Black Widow' spins new Covid-era box office recordNew Disney superhero film 'Black Widow' took in an estimated $80-million in North America this three-day weekend, a pandemic-era record.
Source: eNCA - 🏆 49. / 51 Read more »

CORONAVIRUS GLOBAL UPDATE: US cases swell; South Africa reports 16,302 new casesSouth Africa registered 16,302 new Covid-19 cases, bringing the cumulative total to 2,195,599. A further 151 Covid-19-related deaths were reported, taking total deaths to 64,289. A total of 4,236,718 people have been vaccinated.
Source: dailymaverick - 🏆 3. / 84 Read more »