Decision expected soon over Tongaat Hulett sale
By Sihle Mlambo | Published Oct 31, 2023
Three bidders, Kagera, Terris, and the Mozambican RGS consortium, are understood to be the front runners in becoming Tongaat Hulett’s strategic equity partner. The sugar firm, which has a debt burden of about R7 billion, has been under business rescue since October last year.