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he R6.5 billion in excess debt that threatens to sink distressed sugar company Tongaat Hulett pales in comparison with the banks' exposure to the company's vast ecosystem that includes farmers, road haulers, engineering services and others.
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Greg Ardé is a journalist based in Durban, South Africa. He has written three books and currently edits a magazine.
In the course of his 30-year career Greg has been involved with a number of media, including newspapers, radio and television. He is the former bureau chief of the Sunday Times in Durban and editor of a monthly magazine which appeared in that newspaper.
He was previously deputy editor of the Sunday Tribune, property editor of the same publication and business editor of The Mercury.
He was political reporter on the Daily News and worked for the South African Press Association in the run-up to South Africa's first democratic elections in 1994. In that time he covered political violence extensively. Greg has a national diploma in journalism from the erstwhile Technikon Natal.
As part of this, he served a year’s internship at the Daily Dispatch in East London and later ran the Dispatch's Umtata bureau, close to the birthplace of Nelson Mandela. He is deeply committed to issues of justice, accountability and development and wrote a weekly column for 15 years.
Greg has a keen interest in the evolution of cities and in 2013 and 2014, contributed to the Resilient Cities series, an initiative sponsored by the Rockefeller Foundation.
Greg’s passion for politics, cities and development nurtured a curiosity in business and entrepreneurs and he has run three publications in that vein.
In the course of his career, Greg has also facilitated a number of roundtable talks aimed at improving education, economic development and job creation in Durban, the city he calls home.