Tongaat Hulett sells agribusiness in Eswatini for R375m
The sale of the country’s largest independent sugar estate comes as Tongaat seeks to reduce debt by R8.1bn by March 2021
17 June 2020 - 09:36
Sugar producer Tongaat Hulett, which is seeking to reduce its debt by R8.1bn by March 2021, says it has agreed to sell an agribusiness in Eswatini (previously Swaziland) for R375m.
The sale of Tambankulu Estates includes two agricultural estates astride the Black Umbuluzi River in northeastern Eswatini, with 3,767ha under cultivation...
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.