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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 worked to secure a viable path forward for one of South Africa’s most important agro-industrial companies. Tongaat Hulett is a strategic asset within South Africa’s agricultural and manufacturing sectors. Its…

Minister Tau welcomes withdrawal of Tongaat Hulett liquidation

Trade, Industry and Competition Minister, Parks Tau has welcomed the withdrawal of the liquidation proceedings against Tongaat Hulett and commended all stakeholders who worked tirelessly to secure a viable path forward for one of South Africa’s most important agro-industrial companies. “The withdrawal of the liquidation application represents a significant milestone in safeguarding around 250 000…