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Tongaat Hulett enters business rescue

Lenders run out of patience
South Africa's largest sugar producer is battling with the fallout of an accounting scandal, flooding and riots in KwaZulu-Natal, as well as with its own operational inadequacies.
Karl Gernetzky - Struggling sugar producer Tongaat Hulett, which is choking on a South African debt pile more than ten times its market value, is heading for business rescue after
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Allgemeine Zeitung 2024-11-15

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