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Topic : Business Rescue Practitioners

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 Feb. 20, 2026
Why Vision’s debt-to-asset deal with Tongaat collapsed

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
Tongaat Hulett proceeds with debt-to-asset swap

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