RGS slams ‘rush’ to hold Tongaat meeting
The Mozambican company, which is hoping to buy Tongaat, says the business rescue practitioners want to hold a key creditors meeting by the end of the week
17 December 2023 - 06:24
Mozambican company RGS, one of the bidders seeking control of troubled sugar company Tongaat Hullet, has criticised the business rescue practitioners (BRPs) for their “rush” to hold a creditors’ meeting to complete the sale of the company.
The Durban high court has ordered that the meeting, at which plans by RGS and the second Tongaat bidder, Vision Transactions, will be voted on, must be convened by January 11 at the latest...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.