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Green light for Tongaat to pursue rights issue and slash debt

On Tuesday, more than 75% of shareholders voted to enable Tongaat’s rights issue to go ahead

18 January 2022 - 16:28

Despite vociferous opposition from some investors, Tongaat’s shareholders on Tuesday voted to pursue a rights issue of up to R4bn that will be underwritten by a Mauritius-domiciled company with links to Zimbabwe’s Rudland family...

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