Wind speeds of 225km/h to 265km/h occurred in the tornado’s path
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Vision Partners say they will “engage and settle” with the SA Sugar Association
Bidder says rescue practitioners tried to manipulate process to favour ANC funder Robert Gumede
Business rescue practitioner Metis has agreed to amend the ‘unlawful’ Vision group rescue plan
Rival bidder RGS says the delays are aimed at enabling Vision to raise money to fund the deal
ANC funder Robert Gumede’s bid for the sugar giant may be on the rocks
The business rescue practitioners are also silent over the company’s debt deal
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The agreement will give Terris Sugar discounted ownership of Tongaat Hulett’s R8 billion bank debt and control at the upcoming creditors’ vote
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The South African Sugar Association will make payments for the 2023-24 season after sugar mills in northern KwaZulu-Natal defaulted on payments
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The farmers hope that new management at Tongaat’s sugar operations will bring stability to the industry
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