Tongaat Hulett placed in business rescue

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Tongaat Hulett placed in business rescue
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Tongaat has more than R6.3bn in excess debt it cannot repay, which is increasing as interest mounts.

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27 October 2022 - 12:39The South African operations of Tongaat Hulett have entered business rescue proceedings as it cannot repay lenders who will no longer extend part of its debt..

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