Minister Parks Tau. (Delwyn Verasamy/M&G)
As Minister of Trade, Industry and Competition, Parks Tau, announced during the Frank Dialogue on B-BBEE in South Africa in Durban on Saturday that he would step in to resolve the impasse in the business rescue process of Tongaat Hullets Limited (THL), he is indeed meeting stakeholders this morning.
Tau’s timely intervention aims to save THL from liquidation and save many jobs and small sugarcane growers’ biggest market.
Unfortunately, not many in the public and the sugar sector stakeholders understand that the mere entering of a notice to defend a liquidation application is…