Tongaat’s survival ‘vital for KZN’
Analysts and cane growers warn of renewed unrest if sugar giant folds, jeopardising the livelihoods of tens of thousands of people
30 October 2022 - 08:09
Tongaat Hulett desperately needs to secure funding to continue paying creditors and keep its mills running or farmers and jobs in KwaZulu-Natal could take a catastrophic hit.
This week the 130-year-old JSE-listed group filed for voluntary business rescue for its South African operations after lenders pulled their financial support. ..
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.