Latest News for: tongaat hulett

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Last-minute deal for Tongaat Hulett

Business Day 17 Jun 2026
Deal provides basis for preserving an estimated 250,000 jobs in industry value chain .
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Tongaat Hulett withdraws liquidation application

Independent online (SA) 17 Jun 2026
“The BRPs have consistently recognised the dire consequences that liquidation would have for employees, growers, suppliers, creditors, and the broader communities that depend on Tongaat Hulett and the sugar value chain.
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Tongaat Hulett avoids liquidation, but action is required from government on dumped imports

Independent online (SA) 17 Jun 2026
Mdluli said the agreement provides funding to keep Tongaat Hulett operating in the short term and creates a pathway for the implementation of the business rescue plan, Vision’s ownership of Tongaat ...
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Media Statement: Trade Committee Welcomes Government’s Decision To Save Tongaat Hulett (Parliament of South Africa)

Public Technologies 17 Jun 2026
... between the Industrial Development Corporation (IDC), the business rescue practitioners of Tongaat Hulett and the Vision Group, for Tongaat Hulett to exit business rescue and maintain its operations.
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Last-minute IDC deal could halt Tongaat Hulett liquidation

Moneyweb 15 Jun 2026
Proposed equity injection could help avert liquidation as stakeholders race to secure the future of the century-old sugar producer ... .
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Tongaat Hulett crisis: GrowerCo is a structured, long-prepared solution, not a last-minute rescue

Independent online (SA) 10 Jun 2026
The recent announcement of a grower-led initiative as a possible solution to the Tongaat Hulett liquidation crisis has been more than a decade in the making ... After Tongaat Hulett entered business ...
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Allowing liquidation of Tongaat Hulett will roll back the gains of the Sugar Value Chain ...

Mail Guardian South Africa 03 Jun 2026
While the sugar industry has shown green shoots amid the introduction of the Sugar Value Chain Master Plan, parliamentarians have warned that allowing Tongaat Hulett to collapse would undermine the gains.
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Media Statement: Committee on Trade Warns That Tongaat Hulett Crisis Threatens Sugar Industry Progress (Parliament of South Africa)

Public Technologies 02 Jun 2026
... Tongaat Hulett ... Given Tongaat Hulett's contribution to the industry, rural development and jobs, the committee emphasised that government and the private sector should join hands to save the company.
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Grower-led group enters fight for Tongaat Hulett

Moneyweb 22 May 2026
The coalition says its proposal is built around the long-term sustainability of the fragile company, with its members listed as equity partners ... .
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High Court showdown looms over Tongaat Hulett Botswana

Mmegi Online 22 May 2026
The order was for a general notarial bond over the assets of Tongaat Hulett held in THB. Tongaat Hulett Ltd was placed in business rescue in 2022 after failing to ...
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Sugar growers launch bid to rescue ailing Tongaat Hulett

Business Day 21 May 2026
GrowerCo plan seeks to preserve mills, protect 40,000 jobs and avert liquidation. .
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Sugarcane growers race to save Tongaat Hulett ahead of liquidation hearing

Independent online (SA) 21 May 2026
With Tongaat Hulett’s ... GrowerCo said its proposal was designed around the long-term sustainability of Tongaat Hulett and included both small- and large-scale sugarcane growers as equity partners.
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Vision Group takes steps to secure Tongaat Hulett assets amidst liquidation proceedings

Independent online (SA) 19 May 2026
In a statement where Vision countered allegations that its company Bowwood and Main No 296 had attempted to bypass any legal process for the acquisition of Tongaat Hulett Botswana’s (THB’s) shares, Vision said.
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Tongaat Hulett's business rescue practitioners thwart Vision's takeover attempt in Botswana

Independent online (SA) 16 May 2026
The Vision Consortium, which won the bid to take over the beleaguered sugar group Tongaat Hulett, has been interdicted by the Botswana High Court from taking any steps to enforce a notarial bond over ...
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