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Robert Gumede wins reprieve in Tongaat Hulett rescue bid
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Robert Gumede wins reprieve in Tongaat Hulett rescue bid
Robert Gumede just bought himself more runway on Tongaat Hulett. The South African billionaire's Vision Sugar Group, the largest secured creditor in the embattled sugar producer's business rescue, convinced the Durban High Court on April 17 to push back a liquidation bid that could have put 134 years of milling history on the block.Judge Rithy Singh granted the adjournment after Vision, with Industrial Development Corporation support in hand, pl…
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