The sugar giant's Board said it believed business rescue was the most responsible step in the circumstances, potentially offering a better return to stakeholders than a forced liquidation.
Market caught off-guard as Tongaat Hulett goes into business rescue iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Tongaat Hulett forced into business rescue – Zimbabwe Situation zimbabwesituation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwesituation.com Daily Mail and Mail on Sunday newspapers.