The sugar group had entered into business rescue in October and the property arm is just the first part of the business to publish its plan, which entails a structured wind down of the company, its operations and the sale of its property assets.
In March, creditors had also approved an extension of the publication of Tongaat's business rescue plan - including for its SA sugar operation and feeds division - until the end of May.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month.
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