Mozambican consumer group RGS pulled out the day before the vote to buy Tongaat Hulett but says it is still the best buyer for the business and a small “window of opportunity” exists to overturn the ownership by Vision Consortium.

Vision, headed by SA businessman Robert Gumede and Zimbabwean Rute Moyo, acquired the sugar producer on January 11 for an undisclosed sum by buying a portion of the lenders’ debt, which totalled almost R8bn...

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