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Tongaat gets IDC lifeline, pauses liquidation -Newsday Zimbabwe

Tongaat Hulett Limited Tongaat Hulett Limited has secured a post-commencement funding lifeline from the Industrial Development Corporation (IDC), extending the facility to June 30, 2026, increasing it from ZAR200 million to ZAR2,5 billion and pausing liquidation proceedings. The extension gives the embattled sugar producer breathing room to stabilise operations and revive its stalled business rescue…

Spirit Airlines merger: Trump raises prospect of federal support or merger as Spirit struggles with costs and debt

President Donald Trump on Tuesday suggested that the federal government could help keep a struggling Spirit Airlines afloat, while also encouraging a buyer to step in and rescue the budget carrier. “Spirit’s in trouble and I’d love somebody to buy Spirit. It’s 14,000 jobs,” Trump said in a CNBC interview. “And maybe the federal government…