Vision Partners say they will “engage and settle” with the SA Sugar Association
ANC funder Robert Gumede’s bid for the sugar giant may be on the rocks
The agreement will give Terris Sugar discounted ownership of Tongaat Hulett’s R8 billion bank debt and control at the upcoming creditors’ vote
The South African Sugar Association will make payments for the 2023-24 season after sugar mills in northern KwaZulu-Natal defaulted on payments
The farmers hope that new management at Tongaat’s sugar operations will bring stability to the industry
The acquiring company will also buy Tongaat’s investments in Zimbabwe, Mozambique and Botswana
The chief executive will step down on 28 February, the new date for the publication of the strategy
KwaZulu-Natal grower consortium wants to buy Tongaat Hulett operations
More than a century later, the descendants of indentured Indian labourers, stand to lose their livelihoods as the company faces collapse
Next season is also under threat if sugar giant’s mills close