Court sets date for bid to interdict Tongaat vote
Meeting to choose a buyer due to go ahead next week, unless RCL and Sasa succeed in their applications
The Durban high court has postponed two applications by RCL Foods and the SA Sugar Association (Sasa) to interdict Tongaat Hulett’s business rescue vote until Wednesday, RCL has confirmed.
This means the Tongaat business rescue vote, in which creditors will choose a buyer for the firm, cannot go ahead this week Friday, delaying an end to the 14-month business rescue process...
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