Tongaat Hulett business rescue to have dire consequences on sugarcane growers | The Citizen

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Tongaat Hulett announced on Thursday that two of its operations in South Africa would be placed under business rescue. Click the link to find out more 👉 -

“This move means that Tongaat Hulett has lost access to its bank accounts, which in the immediate term means that over R401 million that was due to be paid to growers at the end of October 2022 will likely not be transferred on time,” the association continued.

This means the impact on growers is likely to worsen if the mills do not remain operational, according to SA Canegrowers.

 

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Belgique Dernières Nouvelles, Belgique Actualités