Bidding for Tongaat Hulett now a two-horse race as Mozambique-based company shows interest

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Bidding for Tongaat Hulett now a two-horse race as Mozambique-based company shows interest

An insider confirmed to City Press on Friday that RGS was interested in purchasing Tongaat Hulett’s assets and that its offer was quite substantial compared to other bids.Bidding for Tongaat Hulett KwaZulu-Natal assets is now a two-horse race between tycoon Robert Gumede’s consortium and a new Mozambique-based company, RGS Holdings.

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