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Bitterness lingers in Tongaat deal

Published: April 7, 2024

Vision Investments, which is in the process of buying troubled sugar maker Tongaat Hulett, has opened a fraud case against losing bidder RGS of having submitted a forged bank letter claiming it had R2bn to buy the company.

Source: timeslive.co.za

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South AfricaTongaat HulettWorld WarSunday TimesComment PolicyVision InvestmentsRobert GumedeMomade Aquil RajahusseinFlender GroupVision GroupAbsa MozambiqueBusiness TimesAbsa SaPowertrans SalesLender Group DebtRgs PlanSouth African Police ServicesReaking NewsSunday TimesHe TimesUsiness TimesShisa Live