Business Rescue Practitioners say there are no viable alternatives to a rescue plan that has legally lapsed
Tongaat head office stripped of expensive paintings and antiques ahead of a possible visit by liquidators. Photo supplied
- The Durban High Court will hear arguments next week on whether to liquidate sugar giant Tongaat-Hulett.
- The SA Canegrowers Association says 27,000 small-scale growers, tens of thousands of farm workers, and entire rural communities face devastating consequences if it is liquidated.
- The Business Rescue Practitioners (BRPs) say there are no viable alternatives to a rescue plan that has legally lapsed.
- The IDC, which extended R200-million in emergency funding in May, says the BRPs have “exaggerated the dire…