Third bidder emerges for Tongaat Hulett

Mozambican group RGS submits bid almost double that of preferred buyer Kagera

29 October 2023 - 00:00 By THABISO MOCHIKO

It’s a three-horse race for struggling sugar business Tongaat Hulett, as a Mozambican group makes a R6bn bid, almost double that of the preferred buyer whose selection has been clouded in controversy. ..

There’s never been a more important time to support independent media.

From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.

Already subscribed? Sign in below.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.