Tongaat races against Thursday deadline as bailout talks drag on
Tongaat Hulett’s latest lifeline is set to expire on Thursday, with parties still in talks over the sugar producer’s fate.
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Tongaat Hulett’s latest lifeline is set to expire on Thursday, with parties still in talks over the sugar producer’s fate.
Small-scale growers will be paid in full first, while commercial and other growers will receive payments in stages.
The coalition says its proposal is built around the long-term sustainability of the fragile company, with its members listed as equity partners.
But the IDC and dtic must 'come to the party' and Vision is not interested in Tongaat 'for a quick buck'
Farmers fear missed milling windows could wipe out months of work.
Forensic findings revealed years of inflated earnings and hidden risks.
The potential liquidation of Tongaat Hulett is about more than just the company.