All five Tongaat Hulett nonexecutive directors have resigned just a week after the debt-laden sugar manufacturer went into business rescue.
In a statement on Thursday, the KwaZulu-Natal-based group said Andile Sangqu, David Noko, Louisa Stephens, Robin Goetzsche and Graham Clark resigned with immediate effect as nonexecutive directors from the board and the various board committees on which they served...
Titanic is sinking
Why would they not ? Self-preservation ! Why would a NED take the fall for fraud of previous mgt ?
What's really happening at Tongaat? How did they get here?
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