Tongaat loses Magister as capital raise saviour - News24

Tongaat’s contentious deal with Mauritius-based Magister Investments is off the table, leaving a R2 billion hole in the group’s recapitalisation plan.

• In 2021 Magister committed to underwriting R2 billion of Tongaat’s R5 billion rights offer. 
• But Magister’s hearing, which was due to take place before the Takeover Special Committee,… [+6312 chars]
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