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tongaat hulett developmentslatest news & developments
Cut up: Many sugar farmers in KwaZulu-Natal are in trouble after the mill at Tongaat Hulett, which is in business rescue, failed to pay them for their produce. (Delwyn Veasamy/M&G)
GLEDHOW

Small-scale sugarcane farmers welcome potential sale of Tongaat Hulett

The farmers hope that new management at Tongaat’s sugar operations will bring stability to the industry

  • Anathi Madubela
4 min read
While Tongaat Hulett Pty Limited’s (THL) business rescue practitioners (BRPs) seek liquidation, parties opposed to the move have filed court papers to block it. (Delwyn Verasamy/M&G)
GLEDHOW

Tongaat Hulett sugar division to be sold to a Tanzanian firm

The acquiring company will also buy Tongaat’s investments in Zimbabwe, Mozambique and Botswana

  • Anathi Madubela
2 min read
While Tongaat Hulett Pty Limited’s (THL) business rescue practitioners (BRPs) seek liquidation, parties opposed to the move have filed court papers to block it. (Delwyn Verasamy/M&G)
ILLOVO

Illovo Sugar won’t buy Tongaat Hullet’s assets

Eight companies are interested in bidding for either a full purchase of the company or parts of it

  • Anathi Madubela
3 min read
The entire sugar eco-system and stakeholders require certainty and a sustainable solution before the insolvency court sits to hear the BRP’s application for provisional liquidation of THL . (Delwyn Verasamy/M&G)
AUDIT

Tongaat claims R450-million from former executives

The group also wants to recoup $9-million in fake sugar sales in Zimbabwe

  • Paddy Harper
5 min read