Next week could be D-Day for the commercial survival of sugar giant Tongaat Hulett. Arguments for and against its provisional liquidation will be presented in the Durban High Court on Tuesday and Wednesday.
The SA Canegrowers Association, which represents 27 000 small-scale growers and 1 100 large-scale commercial growers, has painted a dire picture should the company be liquidated.
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“If Tongaat Hulett enters unfunded liquidation, it is not only the operations [the mills] which will cease to operate; growers will have nowhere to supply their cane, potentially excluding as much as 4.6 million tonnes of raw cane from the local value…