Tongaat Hulett gets IDC cash injection ahead of business rescue plan deadline
The post commencement finance will allow the sugar giant to continue paying employees, growers and other suppliers whose livelihoods depend on it
28 December 2022 - 10:38
Sugar giant Tongaat Hulett has received a welcome cash injection ahead of the deadline for its business rescue plan in about a month’s time.
The company announced the undisclosed sum of post commencement finance, money given to a company once it has entered business rescue, from the Industrial Development Corporation (IDC) in a statement on Wednesday...
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