KZN Farmers Depend on Collapsing Tongaat Hulett

Tongaat Hulett liquidation bid puts thousands of jobs at risk

By Everson Luhanga Business rescue says all efforts to save Tongaat Hulett have failed after funding agreements lapsed on 7 February 2026. Vision Group has sent Tongaat Hulett a demand of about R11.7-billion that the company says could push it into collapse. For about 2,600 Tongaat Hulett workers in South Africa, news of the 134-year-old sugar producer applying for provisional liquidation is a threat to the income their families depend on. The…

KZN farmers depend on collapsing Tongaat Hulett

KZN farmers depend on collapsing Tongaat Hulett Vusi.Bafetane Wed, 02/18/2026 - 16:53 KZN farmers depend on collapsing Tongaat Hulett OTHONGATHI, KwaZulu-Natal - Tongaat Hulett has filed for provisional liquidation after rescue efforts failed.The company entered business rescue in 2022, amid deep governance and financial woes but just couldn’t recover.Agriculture Minister John Steenhuisen warns key mills may not open ahead of April’s crushing …

Sugar giant’s fate will ripple through KZN

LAST Thursday, after managing the company’s business rescue process for nearly 40 months, Tongaat Hulett Limited’s business rescue practitioners approached the high court for the provisional liquidation of the company. The application was prompted by the collapse of discussions on funding for the Vision Consortium’s acquisition of the company, according to SA Canegrowers. The non-profit organisation representing thousands of sugarcane farmers in…

Tongaat Hulett liquidation will be 'worst thing ever' for farmers

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