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ROB ROSE: Show us the money, Tongaat tells suitors

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A consortium of cane growers, hoping to buy the local assets of Tongaat Hulett, Africa’s largest sugar producer, say the business rescue team has ignored them so far, writes robrose_za.

The good news is that there is no shortage of suitors lining up to buy Africa’s largest sugar producer, Tongaat Hulett, or its assets.

The distinctly worse news is that none of them has as yet flashed any evidence that they have the buckets of cash needed to make this happen...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 TimesLive Premium.

 

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