Why Vision’s debt-to-asset deal with Tongaat collapsed

It entered voluntary business rescue in October 2022 after total claims and debt ballooned to about R13 billion (US$721,6 million), a figure later confirmed at R10,4 billion (US$634,53 million). 
By Tatira Zwinoira 4h ago

Tongaat Hulett proceeds with debt-to-asset swap

The stakeholders include the lender group, the Industrial Development Corporation of South Africa Ltd and shareholder bodies.
By Tatira Zwinoira Dec. 11, 2024