KZN economy braces as Tongaat Hulett faces provisional liquidation
KwaZulu-Natal’s economy could face one of its most severe shocks in decades if sugar giant Tongaat Hulett collapses, with government and business leaders warning that thousands of jobs and an entire agricultural value chain are at risk. Last Thursday, Tongaat Hulett’s Business Rescue Practitioners (BRPs) approached the High Court seeking the company’s provisional liquidation after…

