Big blow to Tongaat takeover

Company clings to assets
The company is buckling under a R6.8 billion debt burden and hoped that a rights issue, and the effective takeover, would save it.
Despite a potentially lethal blow to a planned rights issue and takeover of the company, Tongaat Hulett says it remains committed to a recapitalisation – and doesn’t want to se
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Namibian Sun 2025-04-04

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