Tongaat Hulett Secures Last-Minute Lifeline: Liquidation Postponed to June
In a dramatic turn of events at the KwaZulu-Natal High Court, the looming liquidation of sugar giant Tongaat Hulett (THL) has been temporarily averted. A last-minute funding agreement between the company and the Industrial Development Corporation (IDC) has provided a critical “stay of execution,” pushing the hearing for provisional liquidation to mid-June 2026. A R200…

