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10-01-2001

The sale of textiles division


The Tongaat-Hulett Group Limited is pleased to advise that all conditions precedent relating to the sale of its Textiles Division, David Whitehead & Sons (S.A.) (Pty) Limited, to a company represented by Stefano Magni have been fulfilled effective 30 September 2001.

Whiteheads will continue to focus on apparel and home textiles with a view to growing its domestic and export business.


S J SAUNDERS

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