Gloves off in battle for Tongaat as RGS says it should be the only buyer
Mozambique group claims Robert Gumede’s Vision group has not secured an agreement with lenders
13 December 2023 - 05:00
Mozambican RGS Group says it is the only legitimate buyer of sugar producer Tongaat Hulett, because Robert Gumede’s Vision group has not put up the capital to buy the debt as initially planned.
The RGS business rescue plan is “undeniably the only valid business rescue plan in existence”, it said in court papers filed this week...
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