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Tongaat Hulett escapes liquidation, urges sugar import crackdown

IDC-Vision agreement preserves 250,000 jobs and supports future of more than 1-million livelihoods

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businessday.co.za

iol.co.za

engineeringnews.co.za

riotimesonline.com

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4 prospettive sulla stessa storia

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businessday.co.zaStai leggendo1 mese fa

Tongaat Hulett escapes liquidation, urges sugar import crackdown

IDC-Vision agreement preserves 250,000 jobs and supports future of more than 1-million livelihoods

originale

Timeline cronologica

mercoledì 17 giugno 2026·businessday.co.za
Last-minute deal for Tongaat Hulett
Deal provides basis for preserving an estimated 250,000 jobs in industry value chain
mercoledì 17 giugno 2026·iol.co.za
Provisional liquidation of Tongaat Hulett withdrawn in court as new agreement reached
Tongaat Hulett has secured a crucial agreement that will prevent liquidation and protect approximately 250,000 jobs in the sugar industry, ensuring the company's continued…

riotimesonline.com

1 mese fa

Robert Gumede's Vision Group Strikes Deal to Save Tongaat Hulett

A last-minute Tongaat Hulett rescue with Robert Gumede's Vision Group and the state IDC has pulled the 134-year-old sugar company from liquidation.

Leggi questa versione → originale

engineeringnews.co.za1 mese fa

IDC to become Vision shareholder as agreement reached to rescue Tongaat

The business rescue practitioners (BRPs) of Tongaat Hulett have reached an agreement with the Industrial Development Corporation of South Africa (IDC) and the Vision Group of companies to preserve Tongaat Hulett’s…

Leggi questa versione → originale

iol.co.za1 mese fa

What the Tongaat Hulett rescue can teach South African business

Tongaat Hulett secured withdrawal from liquidation through an IDC restructuring agreement preserving approximately 250,000 jobs and pivoting toward biofuels and sustainable aviation fuel. The strategic insight: enterprise value requires early distress recognition and business model innovation toward high-growth markets, not protection of legacy commodity operations.

Leggi questa versione → originale

mercoledì 17 giugno 2026·

iol.co.za

Tongaat Hulett withdraws liquidation application

Durban High Court permits Tongaat Hulett's Business Rescue Practitioners to withdraw the liquidation application, marking a pivotal moment for the sugar industry and preserving…

mercoledì 17 giugno 2026·

iol.co.za

Tongaat Hulett avoids liquidation, but action is required from government on dumped imports

The future of South Africa's sugar industry is secured for now as Tongaat Hulett's provisional liquidation application is withdrawn, protecting 250,000 jobs and paving the way for…

mercoledì 17 giugno 2026·

engineeringnews.co.za

IDC to become Vision shareholder as agreement reached to rescue Tongaat

The business rescue practitioners (BRPs) of Tongaat Hulett have reached an agreement with the Industrial Development Corporation of South Africa (IDC) and the Vision Group of…

giovedì 18 giugno 2026·

businessday.co.za

Tongaat Hulett escapes liquidation, urges sugar import crackdown

IDC-Vision agreement preserves 250,000 jobs and supports future of more than 1-million livelihoods

giovedì 18 giugno 2026·

iol.co.za

Vision Group's Robert Gumede plans to revive Tongaat Hulett after liquidation averted

Robert Gumede of Vision Group pledges to turn around Tongaat Hulett following the withdrawal of its liquidation application, ensuring job security and economic stability for South…

giovedì 18 giugno 2026·

iol.co.za

IDC-led rescue deal set to safeguard 250,000 jobs in sugar industry, says Meth

Minister of Employment and Labour, Nomakhosazana Meth, commends the IDC's decisive intervention in securing a binding agreement that preserves approximately 250,000 jobs and…

giovedì 18 giugno 2026·

engineeringnews.co.za

Tau, Parliamentary committee welcome Tongaat agreement, liquidation withdrawal

Trade, Industry and Competition Minister Parks Tau has welcomed the withdrawal of the liquidation proceedings of sugar milling company Tongaat Hulett and praises stakeholders who…

sabato 20 giugno 2026·

iol.co.za

What the Tongaat Hulett rescue can teach South African business

The Tongaat Hulett rescue highlights the importance of recognising enterprise value beyond financial statements. This article explores the broader economic implications of…

sabato 20 giugno 2026·

riotimesonline.com

Robert Gumede's Vision Group Strikes Deal to Save Tongaat Hulett

A last-minute Tongaat Hulett rescue with Robert Gumede's Vision Group and the state IDC has pulled the 134-year-old sugar company from liquidation.

Tongaat Hulett escapes liquidation, urges sugar import crackdown

Timeline cronologica

Last-minute deal for Tongaat Hulett

Provisional liquidation of Tongaat Hulett withdrawn in court as new agreement reached

Robert Gumede's Vision Group Strikes Deal to Save Tongaat Hulett

IDC to become Vision shareholder as agreement reached to rescue Tongaat

What the Tongaat Hulett rescue can teach South African business

Tongaat Hulett withdraws liquidation application

Tongaat Hulett avoids liquidation, but action is required from government on dumped imports

IDC to become Vision shareholder as agreement reached to rescue Tongaat

Tongaat Hulett escapes liquidation, urges sugar import crackdown

Vision Group's Robert Gumede plans to revive Tongaat Hulett after liquidation averted

IDC-led rescue deal set to safeguard 250,000 jobs in sugar industry, says Meth

Tau, Parliamentary committee welcome Tongaat agreement, liquidation withdrawal

What the Tongaat Hulett rescue can teach South African business

Robert Gumede's Vision Group Strikes Deal to Save Tongaat Hulett