Dispute over Covid-19 effect puts sale of Tongaat unit to Barloworld on hold

📆 5/12/2020 9:25 AM
📰 BDliveSA

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The companies do not agree on the pandemic being an event that affects terms of the sale

Darnall Mill: One of Tongaat Hulett’s four mills in KwaZulu-Natal. Picture: TONGAAT

The embattled sugar producer wants to cut R8.1bn in SA debt by March 21 and announced the sale of the business in February to a Barloworld subsidiary, with the sale amount not to exceed R5.347bn.

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