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Two Tongaat Hulett subsidiaries enter business rescue

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Livelihoods of thousands of workers in KwaZulu-Natal are on the line

Two subsidiaries of sugar giant Tongaat Hulett have entered business rescue, two months after the holding company did the same.

Tongaat Hulett Sugar SA and animal feeds operation Voermol Feeds are wholly owned subsidiaries and have historically relied on Tongaat Hulett for financial and operational support...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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