Hulett

latest news & developments

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

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