Vote on Tongaat Hulett’s new owner postponed
13 December 2023 - 15:38
UPDATED 13 December 2023 - 20:04
The vote to choose a new owner for Tongaat Hulett will be postponed from Thursday but held no later than January 11, high court judge Rashid Vahed has ruled in Durban.
There is a great deal of interest in who will buy Tongaat as the stability of rural KwaZulu-Natal and the livelihoods of 20,000 farmers, many small-scale, are relying on the highly indebted business staying afloat. The business rescue process to save it from bankruptcy and find a suitable buyer has taken 14 months...
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