Tongaat Hulett CEO Gavin Hudson is hopeful on Barloworld's bitter blow to R5.35bn deal

Gavin Hudson, the Chief Executive of Tongaat Hulett, discusses the recent ‘standstill’ of the transaction between Tongaat Hulett and Barloworld due to the latter’s call of a material adverse change (MAC) event for the full year due to Covid-19. Hudson expresses his disbelief that such a MAC event is present while remaining positive that, whichever way the deal goes, Tongaat Hulett will continue. - Nadya Swart Learn more about your ad choices. Visit megaphone.fm/adchoices