Activist investors urge Tongaat to speed up restructuring plan
One proposal is to ask the nine banks that lent the company some R13bn to ‘take a haircut’
24 July 2022 - 00:04
With thousands of jobs on the line, the stakes are high for Tongaat Hulett’s restructuring plan, but a consortium of activist shareholders led by Artemis believes a September deadline for the turnaround project is too late. ..