JOHANNESBURG, May 16 South Africa's Tongaat
Hulett Ltd said on Thursday it was looking to negotiate
a standstill agreement with its lenders, which had already
agreed to waive some of their rights related to their loans to
the troubled sugar producer.
April 24 South African sugar producer Tongaat
Hulett Ltd said on Wednesday it would restate prior
financial information after a formal review revealed certain
accounting practices that needed to be re-examined.