Voluntary Business Rescue

latest news & developments

Cut up: Many sugar farmers in KwaZulu-Natal are in trouble after the mill at Tongaat Hulett, which is in business rescue, failed to pay them for their produce. (Delwyn Veasamy/M&G)

Small-scale sugarcane farmers welcome potential sale of Tongaat Hulett

The farmers hope that new management at Tongaat’s sugar operations will bring stability to the industry

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)

Tongaat Hulett sugar division to be sold to a Tanzanian firm

The acquiring company will also buy Tongaat’s investments in Zimbabwe, Mozambique and Botswana

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)

Illovo Sugar won’t buy Tongaat Hullet’s assets

Eight companies are interested in bidding for either a full purchase of the company or parts of it

Anathi Madubela