The Department of Trade, Industry and Competition has said it intends to oppose the liquidation of Tongaat Hulett Limited, amid fears of economic destruction if the company is allowed to close down.
Minister of Trade, Industry and Competition Parks Tau revealed this weekend that they are contesting the liquidation in court. Tau made the comment during the “Frank Dialogue on the Future of B-BBEE in South Africa” gathering that was hosted in Durban on Saturday.
He was responding to the concerns about economic devastation that could follow if the company was liquidated.
Zulu King Misuzulu has also expressed concerns about the possible liquidation and has even intervened, engaging with billionaire businessman Robert Gumede from Vision…