The original article can be found here.
Article highlights:
- The business rescue practitioners of Tongaat Hulett say they have been formally notified about a potential sale of the debt held by secured lenders.
- Media reports had suggested a consortium, including business mogul Robert Gumede, have moved to pick up a debt pile approaching R8 billion.
- This would provide most of the voting rights regarding the group’s future, with reports suggesting the consortium intends to grow the sugar business, as well as branch out.
