Mail & Guardian
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Gledhow Sugar Mill has become the latest sugar mill to enter into voluntary business rescue, piling pressure on the industry after a similar move by Tongaat Hulett in October. (Delwyn Verasamy/M&G)
BUSINESS RESCUE PLAN

After Tongaat, KZN sugar mill Gledhow seeks business rescue

Thousands of livelihoods in the sugar supply chain are expected to be impacted by the closure

  • Anathi Madubela
3 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)
BUSINESS RESCUE PRACTITIONERS

Tongaat Hulett delays publication of business rescue plan — again

The chief executive will step down on 28 February, the new date for the publication of the strategy

  • Anathi Madubela
2 min read