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Mnangagwa s ally takes control of ailing Tongaat Hulett

ED ally takes control of troubled Tongaat Hulett

A consortium led by President Emmerson Mnangagwa's ally Robert Gumede has taken control of financially troubled South Africa-headquartered sugar producer Tongaat Hulett. Tongaat Hulett, an agriculture and agri-processing business with interests in Zimbabwe through its local unit, focuses on sugarcane and maize.  Early this month Tongaat Hulett's business rescue practitioners confirmed that Gumede's Terris consortium…

Mnangagwa s ally Gumede takes control of ailing Tongaat Hulett – The Zimbabwe Mail

A CONSORTIUM led by President Emmerson Mnangagwa’s ally Robert Gumede has taken control of financially troubled South Africa-headquartered sugar producer Tongaat Hulett. Tongaat Hulett, an agriculture and agri-processing business with interests in Zimbabwe through its local unit, focuses on sugarcane and maize. Early this month Tongaat Hulett’s business rescue practitioners confirmed that Gumede’s Terris consortium…

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