RGS bid to stop Tongaat-Vision deal flops

Nivad will spearhead safety improvements, monitor underground trends, conduct geotechnical assessments, scan underground voids, and track gold output to curb leakages. The management firm will also oversee shaft ownership to eliminate speculative holding.

RGS Group Holdings (RGS)’s last minute attempt to block Tongaat Hulett (Tongaat)’s debt to asset deal with the Vision Group (Vision) was dealt a major blow after the South Africa High Court in Durban last week dismissed its urgent application with costs.RGS had lodged an urgent application on November 6, 2024 in the High Court…

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