The Department of Trade and Industry has reiterated its commitment to efforts aimed at protecting the sugar sector and jobs amid the pending liquidation of sugar producer Tongaat Hulett.
This follows concerns of the imminent collapse of the 134-year-old company after another failed attempt to rescue the business.
Tongaat Hulett’s closure could devastate KwaZulu-Natal’s local economy and put thousands of livelihoods across operations in South Africa, Eswatini, Zimbabwe and Mozambique.
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The sugar giant’s business rescue practitioners have now filed for provisional liquidation following a breakdown in funding talks and new demands from the Vision Consortium.
Trade and…