Tongaat gets IDC lifeline, pauses liquidation -Newsday Zimbabwe
Tongaat Hulett Limited Tongaat Hulett Limited has secured a post-commencement funding lifeline from the Industrial Development Corporation (IDC), extending the facility to June 30, 2026, increasing it from ZAR200 million to ZAR2,5 billion and pausing liquidation proceedings. The extension gives the embattled sugar producer breathing room to stabilise operations and revive its stalled business rescue…

