Tongaat loses Magister as capital raise saviour
Tongaat’s contentious deal with Mauritius-based Magister Investments is off the table, leaving a R2 billion hole in the group’s recapitalisation plan.
Source: news24.com
Stay updated with breaking news from Friday Tongaat. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tongaat’s contentious deal with Mauritius-based Magister Investments is off the table, leaving a R2 billion hole in the group’s recapitalisation plan.