IDC, Vision Near Deal to Save Century-Old African Sugar Mills (opens original article in a new tab)

Vision Group is negotiating with South Africa's Industrial Development Corp. to acquire an equity stake in Tongaat Hulett in exchange for additional funding, according to a Vision Group shareholder.

• Vision Group is in talks with South Africa's IDC to take an equity stake in Tongaat Hulett
• Vision Group would provide additional funding in exchange for the equity stake
• Robert Gumede, a Vision Group shareholder, confirmed the talks