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...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.