Tongaat business rescue team says it will make good on payments due

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Belgique Nouvelles Nouvelles

Business rescue practitioners vow to make outstanding R400m payment to thousands of cane growers

The business rescue practitioners tasked with resuscitating debt-laden Tongaat Hulett have vowed to make the outstanding R400m payment to thousands of cane growers, according to the SA Farmers Development Association .

The SA Canegrowers Association has requested urgent engagements with the president and the ministries of trade and agriculture to map out possible government financial intervention in the situation threatening the livelihoods of thousands of sugarcane growers and workers delivering cane to a number of Tongaat Hulett mills in KwaZulu-Natal...

 

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