Suddenly Tongaat’s future looks sweeter
Shareholders and creditors have been offered an option that seems more palatable than what Vision and the business rescue practitioners had in mind
21 July 2024 - 00:00
There is light at the end of the tunnel in the Tongaat Hulett saga, following a major development for the beleaguered sugar producer. A significant lifeline that could save the company from potential liquidation has been presented to the business rescue practitioners (BRPs), offering a more favourable outcome for both shareholders and creditors...
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