Tongaat Hulett place
Corroborated stories featuring this entity · 2
Tongaat Hulett has been saved from liquidation at the 11th hour, saving at least 250,000 jobs across the country’s sugar industry value chain.
Attempts to take over Tongaat Hulett have been shadowed by suspicions that the initiative is driven by politically exposed Zimbabweans pushing to externalise their cash and their influence by gaining control of the sugar value chain in Southern Africa.
Attempts to take over Tongaat Hulett have been shadowed by suspicions that the initiative is driven by politically exposed Zimbabweans pushing to externalise their cash and their influence by gaining control of the sugar value chain in Southern Africa.
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A last-minute agreement between Tongaat Hulett’s business rescue practitioners, the Industrial Development Corporation (IDC) and the Vision Group averted the liquidation of Tongaat Hulett.
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