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Activist investors urge Tongaat to speed up restructuring plan

One proposal is to ask the nine banks that lent the company some R13bn to ‘take a haircut’

24 July 2022 - 00:04

With thousands of jobs on the line, the stakes are high for Tongaat Hulett’s restructuring plan, but a consortium of activist shareholders led by Artemis believes a September deadline for the turnaround project is too late. ..

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