Biggest critic applauds Tongaat's hard-assed stance on former execs, Deloitte

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The leading critic of 127 year old sugar group Tongaat Hulett, has been transformed into a fan after the company has onboarded suggestions he's been making for the best part of a decade. Opportune SA's Chris Logan is also impressed at the way new Tongaat chairman Louis von Zeuner and his CEO Gavin Hudson are determined to make those responsible for Tongaat's R11bn write-offs face the consequences. Not just former executives - who have been reported to the National Prosecuting Authority - but also auditors Deloitte. - Alec Hogg
27 Jan 2020 9AM English South Africa Investing · Business News

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