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 mountain of debt.
Funding disputes stall business rescue efforts for struggling sugar giant
Efforts to secure funding and finalise a turnaround plan have stalled, with disagreements between Vision Consortium and key stakeholders.
Business rescue practitioners say the company’s cash flow remains under pressure, despite short-term measures to keep operations going.
They have now approached the court for…