KwaZulu-Natal Premier Thamsanqa Ntuli has announced plans to save the financially struggling Tongaat Hulett Sugar from liquidation.
Last week, the 134-year-old sugar giant announced that it had filed for liquidation after business rescue plans failed.
Speaking to the media during the Cabinet Lekgotla in Durban on Thursday, Ntuli said the company’s matter was on the agenda for discussion by the Cabinet and other stakeholders, with the sole aim of saving it from going under the hammer.
“This is a concern not for us as a provincial government but for the national government as well. The national government is also intervening, and I am hopeful that the company will be saved. It is on the agenda in our Lekgotla, so we are going to find…