Tongaat Hulett
latest news & developmentsKing MisuZulu’s right-hand man embarks on a new economic trajectory for hostels and townships
‘I was assigned a mammoth task by his Majesty the King. All hands are on deck and we are determined to transform the economy of the townships and hostels. We must transform these…
Allowing liquidation of Tongaat Hulett will roll back the gains of the Sugar Value Chain Master Plan
Flexibility in the sugar value chain is essential to ensure its long-term sustainability
Royal house tensions deepen after removal of King Misuzulu’s key aides
KwaZulu-Natal parties warn that turmoil over King Misuzulu’s staff changes and alleged political interference could damage the AmaZulu royal house
Tongaat bidder appears in court over alleged fraudulent funding letter
The case was postponed to 10 June, when Rajahussen is expected to respond to allegations that RGS fraudulently submitted a R2 billion proof-of-funding bank letter as part of its…
Tongaat Hulett gets lifeline as court grants delay in liquidation bid
Tongaat Hulett has been granted a temporary reprieve from liquidation after the Durban High Court approved an adjournment, giving business rescue practitioners time to finalise a…
How sugar’s rise and collapse shaped KZN
Tongaat Hulett, once the pride of the sugar belt and a 134-year-old industrial icon, has collapsed under the weight of mismanagement, scandal and shifting global markets
Tau leads drive to save Tongaat Hulett
The government says the ailing company is a crucial player in South Africa’s sugar value chain and its demise would have ‘far-reaching and devastating consequences’ for the sector
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
Not so sweet: Sugar industry stakeholders fight about funding
Small-scale and black-owned sugarcane farmers along with land reform beneficiaries have received R238.9 million in funding for transformation, but transparency has now become an…
RGS abandons Tongaat bid, claims business rescue is rigged
Bidder says rescue practitioners tried to manipulate process to favour ANC funder Robert Gumede
RCL withdraws interdict, so Tongaat creditors’ vote goes ahead — for now
Business rescue practitioner Metis has agreed to amend the ‘unlawful’ Vision group rescue plan
UPDATED: Crucial Tongaat Hulett creditors vote is postponed again as parties head to court over unpaid industry levies
ANC funder Robert Gumede’s bid for the sugar giant may be on the rocks
Sugar industry holds its breath as Tongaat mum on Robert Gumede buyout
The business rescue practitioners are also silent over the company’s debt deal
Robert Gumede’s Tongaat Hulett purchase hinges on R2bn PIC loan
The agreement will give Terris Sugar discounted ownership of Tongaat Hulett’s R8 billion bank debt and control at the upcoming creditors’ vote
Black, small-scale sugarcane growers hit by Tongaat Hulett woes get R176m lifeline
The South African Sugar Association will make payments for the 2023-24 season after sugar mills in northern KwaZulu-Natal defaulted on payments