Tongaat posts narrower annual headline loss - Moneyweb.co.za

Tongaat posts narrower annual headline loss - Moneyweb.co.za

Plans to lower debt by R8.1bn and cut 8 000 jobs.

Tongaat will approach shareholders to raise R4 billion in equity, sell assets and reduce its headcount in order to lower debt, after writedowns at the South African sugar producer surged to $802 million. Tongaat, which operates in six Southern African countr… [+2105 chars]

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