The original article can be found here.
Article highlights:
- The Competition Commission has approved the takeover of Tongaat Hulett by the Mauritius-based company Magister Investments. Magister is closely linked to cut-price cigarette producer Gold Leaf Tobacco.
- The conditions for the deal include that Magister must stick to investment commitments in Tongaat.
- Also, workers may not be retrenched as a result of the transaction and must set up an employment share ownership plan.
