MUTAPA Investment Fund (Mutapa) is evaluating an investment in Tongaat Hulett (Tongaat) alongside Vision Consortium (Vision), officials say.
The development comes as the latter’s spokesperson Rob Bessinger has said a “working arrangement and co-existence with the sovereign wealth fund (SWF) was quite possible based on experiences in other countries”, and the state-controlled behemoth has just snapped up the wealthy Rudland family’s 34 percent stake in Zimre Holdings (Zimre).
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