The government of KwaZulu-Natal has announced plans to prevent the liquidation of Tongaat Hulett after the historic sugar producer filed for liquidation last week, IOL reported.
Premier Thamsanqa Ntuli said efforts are under way to rescue the 134-year-old company in order to protect about 2,500 direct jobs and support thousands of small-scale sugarcane growers who rely on it for their livelihoods.
The Durban-based group confirmed that it had taken steps toward liquidation after its business rescue plan failed to deliver a workable outcome. Addressing the media during the Cabinet Lekgotla in Durban on Thursday, Ntuli said the issue was being discussed by the provincial Cabinet and…