Mail & Guardian
Mail & Guardian
provisional liquidationlatest news & developments
For THL, an iconic South African company that employs thousands, its end is bitter and must be averted. Photo: Delwyn Verasamy
BOTSWANA

Editorial: Tongaat Hulett must be saved

At a time when rampant unemployment — one of the country’s biggest crises and a national emergency — takes root, the looming jobs bloodbath will decimate not only the sugar…

  • Editorial
2 min read
Bitter impact: Tongaat Hulett’s liquidation will have a devastating ripple effect throughout not just KwaZulu-Natal but the entire country too, filtering right down to the consumer. Photo: Delwyn Verasamy
ACCOUNTING FRAUD

Tongaat Hulett collapse looms

Vision, the lead secured lender to the troubled sugar giant, said it was committed to saving the company and jobs despite the business rescue process failing

  • Brian Sokutu
5 min read