‘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…
Flexibility in the sugar value chain is essential to ensure its long-term sustainability
KwaZulu-Natal parties warn that turmoil over King Misuzulu’s staff changes and alleged political interference could damage the AmaZulu royal house
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 has been granted a temporary reprieve from liquidation after the Durban High Court approved an adjournment, giving business rescue practitioners time to finalise a…
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
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
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
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…
Bidder says rescue practitioners tried to manipulate process to favour ANC funder Robert Gumede
Business rescue practitioner Metis has agreed to amend the ‘unlawful’ Vision group rescue plan
ANC funder Robert Gumede’s bid for the sugar giant may be on the rocks
The business rescue practitioners are also silent over the company’s debt deal
The agreement will give Terris Sugar discounted ownership of Tongaat Hulett’s R8 billion bank debt and control at the upcoming creditors’ vote
The South African Sugar Association will make payments for the 2023-24 season after sugar mills in northern KwaZulu-Natal defaulted on payments
The farmers hope that new management at Tongaat’s sugar operations will bring stability to the industry
The acquiring company will also buy Tongaat’s investments in Zimbabwe, Mozambique and Botswana
The profession has taken a reputational knock in recent years, amid serious accounting scandals
Eight companies are interested in bidding for either a full purchase of the company or parts of it
Delistings and barriers to newcomers threaten to make the local bourse more top-heavy, seeing it serve an even narrower section of the economy
