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Tongaat Hulett funding deal brings some relief to sugar industry
Summary by Farmer's Weekly
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Tongaat Hulett funding deal brings some relief to sugar industry
Speaking to Farmer’s Weekly, Dr Thomas Funke, CEO of SA Canegrowers, said the agreement between the Industrial Development Corporation, the Vision Group, and business rescue practitioners (BRPs) provides critical short-term stability for sugar cane growers who depend on THL for milling. The Vision Group is a consortium of investors and financiers that emerged as the main bidder to rescue and acquire THL during its business rescue process. “We ar…
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