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RGS Group Holdings alleges business rescue practitioners acted against the interests of the insolvent sugar giant and its creditors by frustrating RGS’s efforts to make an offer. Now they are heading to court to enforce the tabling of their bid.
The race to rescue embattled sugar group Tongaat Hulett, on which more than 25,000 people rely for their livelihoods, is intensifying as the owner of Illovo has stepped into the bidding fray.
Tongaat Hulett delivers the sweet taste of sustainability with responsible sugar production and community centred initiatives across Southern Africa
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