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 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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The acquiring company will also buy Tongaat’s investments in Zimbabwe, Mozambique and Botswana
Eight companies are interested in bidding for either a full purchase of the company or parts of it
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The sugar industry says new regulations aimed at combating health problems will hurt profits and jobs, but a civil society coalition strongly disagrees
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The industry must be protected from cheap imports and mills must continue operating because nonpayments affects farmers and industry partners
Thousands of livelihoods in the sugar supply chain are expected to be impacted by the closure
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Next season is also under threat if sugar giant’s mills close
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Finance Minister Enoch Godongwana has announced a postponement of the sugar tax for 12 months