South Africa's IDC and Vision Group agree deal to save Tongaat Hulett

Key facts

• South Africa's Industrial Development Corp. and Vision Group have agreed to a deal.
• The agreement aims to save sugar maker Tongaat Hulett from liquidation.
• The deal will prevent the company from being dissolved.

South Africa's Industrial Development Corp. and Vision Group have reached an agreement to rescue sugar producer Tongaat Hulett from liquidation. This deal is intended to prevent the company from being dissolved.