Tongaat Hulett has filed for provisional liquidation, following repeated warnings from the sugar industry urging the government to intervene to prevent the sector's collapse.

The potential closure of the 134-year-old company threatens not only the industry's stability but also the livelihoods of thousands of workers. Tongaat Hulett initially entered business rescue proceedings in 2019, after suffering a catastrophic decline triggered by an accounting fraud scandal.

 Thami Ngubeni spoke to the deputy general secretary of the Food and Allied Workers Union (FAWU), Edwin Mabowa.

Tongaat Hulett has filed for provisional liquidation, following repeated warnings from the sugar industry urging the government to intervene to prevent the sector's collapse.
The potential closure of the 134-year-old company threatens not only the industry's stability but also the livelihoods of thousands of workers. Tongaat Hulett initially entered business rescue proceedings in 2019, after suffering a catastrophic decline triggered by an accounting fraud scandal.
&nbsp;Thami Ngubeni spoke to the deputy general secretary of the Food and Allied Workers Union (FAWU), Edwin Mabowa.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Tongaat Hulett files for provisional liquidation

South Africa's President Cyril Ramaphosa, has reaffirmed South Africa's position as a competitive investment destination, as he addressed the Sixth South Africa Investment Conference held at the Sandton Convention Centre in Johannesburg. The conference, which brings together government, investors and strategic partners, is aimed at driving investment-led growth and unlocking new economic opportunities. Our reporter Lebogang Mabange has more...

South Africa's President&nbsp;Cyril Ramaphosa, has reaffirmed South Africa's position as a competitive investment destination,&nbsp;as he addressed the Sixth South Africa Investment Conference held at the Sandton Convention Centre in Johannesburg. The conference, which brings together government, investors and strategic partners, is aimed at driving investment-led growth and unlocking new economic opportunities. Our reporter Lebogang Mabange has more...

Ramaphosa reaffirms South Africa's position as a competitive investment destination  

Standard Bank Business and Commercial Banking's Corporate Finance Advisory team successful completion in  the  1- hundred - and 22 million dollars sale, of the South African non-alcoholic beverages manufacturer, Twizza  to Bevco, a wholly-owned subsidiary of India-based Varun Beverages Limited ("Varun") for an amount of 1 - hundred and - 22 million dollars. Thami Ngubeni spoke to Raven Moodley, Head of Corporate Finance Advisory for Business and Commercial Banking at Standard Bank South Africa... 

Standard Bank Business and Commercial Banking's Corporate Finance Advisory team successful completion in &nbsp;the &nbsp;1- hundred - and 22 million dollars sale, of the South African non-alcoholic beverages manufacturer, Twizza &nbsp;to Bevco, a wholly-owned subsidiary of India-based Varun Beverages Limited ("Varun") for an amount of 1 - hundred and - 22 million dollars. Thami Ngubeni spoke to Raven Moodley, Head of Corporate Finance Advisory for Business and Commercial Banking at Standard Bank South Africa...&nbsp;

Standard Bank concludes the sale of South African non-alcoholic beverages manufacturer, Twizza 

Statistics South Africa has fallen victim to a ransomware attack by the emerging cybercrime group known as XP95. The threat actors claim to have successfully breached the agency responsible for conducting South Africa's census, as well as producing and disseminating other official statistics, like the Consumer Price Index. This cyber attack, it's said to have come at a time when ransomware attacks are escalating globally, reflecting a sharp rise in the frequency and sophistication of cybercrime. Thami Ngubeni spoke to Nemanja Krstic, Head of Operations for Africa and the Middle East (AME), and the European Union (EU) at Galix...

Statistics South Africa has fallen victim to a ransomware attack by the emerging cybercrime group known as XP95. The threat actors claim to have successfully breached the agency responsible for conducting South Africa's census, as well as producing and disseminating other official statistics, like the Consumer Price Index. This cyber attack, it's said to have come at a time when ransomware attacks are escalating globally, reflecting a sharp rise in the frequency and sophistication of cybercrime. Thami Ngubeni spoke to Nemanja Krstic, Head of Operations for Africa and the Middle East (AME), and the European Union (EU) at Galix...

Tongaat Hulett files for provisional liquidation

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