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Tongaat Hulett in danger of being liquidated

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Tongaat Hulett in danger of being liquidated

Tongaat Hulett appears to be inching its way towards liquidation as the (currently suspended) JSE-listed sugar producer and property developer’s business rescue process increasingly becomes bogged down by legal challenges. This follows the High Court in Durban last week hearing three urgent applications and ordering: The adjournment of the meeting to consider and vote on… ....

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