Mail & Guardian
Mail & Guardian
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If the liquidation application against Tongaat Hulett proceeds, it could have severe socio-economic consequences for rural economies in small towns across KwaZulu-Natal.
BUSINESS RESCUE

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…

  • Sandile Motha
4 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