Robert Gumede’s Tongaat Hulett purchase hinges on R2bn Public Investment Corporation loan

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Africa's better future

At stake: Tongaat Hulett employs 40 000 people on its farms in KwaZulu-Natal and Mpumalanga and 65 000 more in Botswana, Mozambique and Zimbabwe.

The agreement will give Terris Sugar discounted ownership of Tongaat Hulett’s R8 billion bank debt and control at the upcoming creditors’ voteThe Mail & Guardian is committed to providing all our readers with the best possible experience. Your subscription makes you an M&G community and allows us to continue to bring the news to you.The high cost of austerityThe Mail & Guardian is committed to providing all our readers with the best possible experience.

The 124-page Roadmap for the Freight Logistics System in South Africa sets out the path for expanded private investment in the country’s rail networkThe Mail & Guardian is committed to providing all our readers with the best possible experience. Your subscription makes you an M&G community and allows us to continue to bring the news to you.

 

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