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Home » Tongaat creditors postpone SA business rescue plan vote

Tongaat creditors postpone SA business rescue plan vote

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TONGAAT Hulett South Africa (SA) says a vote on the company’s proposed business rescue plan has been postponed to September, to allow for additional details to be updated. The decision to go into voluntary business rescue came after what the sugar manufacturer termed significant challenges following years of high and increasing debt levels, alleged financial…

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