<div>UPDATE 2-South Africa's Tongaat seeks new chapter with equity raise, debt restructure</div> <!-- no image --> <div>* Writedowns surge to $802 mln, net asset value plunges (Recasts with equity raise, adds debt reduction programme)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=EEW1mtV1OC8:oBAWTPCOyZI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=EEW1mtV1OC8:oBAWTPCOyZI:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=EEW1mtV1OC8:oBAWTPCOyZI:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=EEW1mtV1OC8:oBAWTPCOyZI:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=EEW1mtV1OC8:oBAWTPCOyZI:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/EEW1mtV1OC8" height="1" width="1" alt=""></div> Posted by Reuters