Release of Tongaat Hulett rescue plan delayed to end-January
Lenders have embarked on a legal process to determine fate of assets for their security
15 November 2022 - 19:11
The majority of creditors have approved the extension of the date for publication of Tongaat Hulett’s business rescue plan to the end of January, the business rescue practitioners (BRPs) said on Tuesday.
The future of SA’s biggest sugar producer and land developer is in the hands of BRPs, with the livelihoods of thousands of workers delivering cane to some of its mills in KwaZulu-Natal on the line...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.