Mail & Guardian
Mail & Guardian
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Intervention: Trade, Industry and Competition Minister Parks Tau, left, and his deputy Zuko Godlimpi believe a sustainable solution can be found to prevent Tongaat Hulett from being liquidated, thus preventing a devastating ripple effect across the economy. Photos: Supplied
BUSINESS

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

  • Brian Sokutu
7 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