The liquidation proceedings of Tongaat Hulett are starting in the KwaZulu-Natal High Court, with the sugar industry and government officials looking to save the iconic company. In February, it was confirmed that Tongaat Hulett would enter liquidation proceedings after business rescue practitioners failed to find a way to save the 134-year-old company. The practitioners approached…
The risk to Albion Farm Shop has been revealed in a notice published in The London Gazette, which publishes statutory notices on behalf of the government. The notice was published by Hirst Family Trading Ltd, which is the parent company of Albion Farm Shop. The Delph farm shop is a popular spot, and is rated…
A legal showdown over the future of Tongaat Hulett will play out in the Durban High Court on Thursday. The embattled sugar giant faces possible liquidation, as government and creditors push back against the collapse, arguing the company can still be rescued. Tongaat Hulett entered business rescue in 2022 after an accounting scandal and a…
REVEALED: Latest business liquidations in Goondiwindi The Courier Mail Read the original article here
REVEALED: Latest business liquidations in Stirling Daily Telegraph Sydney Read the original article here
The KwaZulu-Natal High Court hearing regarding the potential liquidation of Tongaat Hulett starts today, 16 April, with three parties set to oppose the sugar giant’s liquidation. SA Canegrowers, one of the parties seeking to block the liquidation, described this hearing as a “watershed moment” for two-thirds of South Africa’s sugarcane growers. “More than 18,000 growers,…
Strengthening oversight of Australia’s insolvency system The National Tribune Read the original article here
The impending KwaZulu-Natal High Court hearing on Tongaat Hulett Limited’s possible liquidation could signal a crossroads for nearly two-thirds of South Africa’s sugarcane growers. The stakes are exceptionally high, as more than 18,000 growers, predominantly small-scale farmers, rely heavily on Tongaat Hulett’s mills to process their sugarcane. An unfunded liquidation would not only jeopardise these…
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