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The release of a business rescue plan for embattled sugar producer Tongaat Hulett has been pushed by a month until the end of February, when CEO Gavin Hudson will also leave the firm after just over four years in the job.
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Troubled sugar producer Tongaat Hulett, which entered business rescue in October, has acquired "post commencement finance" from the Industrial Development Corporation of South Africa (IDC). This will enable it to finish out the current season with seed capital to prepare for the next while the. ....