Trade and Industry Minister Parks Tau has joined the growing chorus opposing the liquidation of sugar giant Tongaat Hulett. He argues that the business rescue process must continue to prevent a “jobs bloodbath”, stabilise the sugar industry, and support small businesses at risk of “losing their main markets”.
In his affidavit filed in the Durban High Court, Tau took aim at the Vision Group, saying, “a business plan cannot succeed if stakeholders deliberately frustrate its implementation”.
He said Tongaat remains viable but Vision, whose acquisition plan was approved by creditors in January 2024, had been “unwilling to honour its commitments”.
The provisional liquidation application was…