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South Africa govt to oppose Tongaat Hulett liquidation
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South Africa govt to oppose Tongaat Hulett liquidation
The Department of Trade, Industry and Competition in South Africa has said it will oppose the proposed liquidation of Tongaat Hulett Limited, warning that the closure of the major sugar producer could lead to severe economic damage and job losses, IOL reported. Trade and Industry Minister Parks Tau said the government is contesting the liquidation in court. He made the remarks during the “Frank Dialogue on the Future of B-BBEE in South Africa” e…
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