South Africa: Tongaat Hulett files for provisional liquidation
Tongaat Hulett has applied for provisional liquidation at the KwaZulu-Natal High Court after the preferred bidder, Vision Group, failed to secure financing from the Industrial Development Corporation (IDC). Industry body SA Canegrowers warned that the development could have far-reaching effects on cane growers, millers and the broader sugar supply chain, according to Business Report. Business…

