Tongaat to offload Zim operations to Vision owners
Locally, Tongaat operates through its wholly owned Triangle Sugar operation and a 50,3% shareholding in the agriculture and agro-processing firm, Hippo Valley Estates Limited.
By Tatira Zwinoira
19h ago
Tongaat Hulett proceeds with debt-to-asset swap
The stakeholders include the lender group, the Industrial Development Corporation of South Africa Ltd and shareholder bodies.
By Tatira Zwinoira
Dec. 11, 2024
Edith WeUtonga says accident changed her
WeUtonga (EW) spoke about her music journey on the platform In Conversation with Trevor hosted by Alpha Media Holdings chairman Trevor Ncube (TN).
By In Conversation With Trevor
Nov. 17, 2024
Zim, Moza approvals delay Tongaat deal
Vision, a South African investment consortium, is in the process of purchasing Tongaat’s assets through a debt-to-asset swap worth ZAR5,9 billion (US$330,05 million).
By Tatira Zwinoira
Nov. 5, 2024
Karoi acting secretary up for US$53K fraud
The State will produce evidence in the form of mobile money transfer and bank transfer records.
By Nhau Mangirazi
Oct. 17, 2024
408 exhibitors at Sanganai/Hlanganani Tourism Expo
According to statistics from the Zimbabwe Tourism Authority, tourist arrivals to Zimbabwe fell by 40% in 2021, to 375 799 from 630 369 in 2020, due to the impact of COVID-19.
By Nkululeko Sibanda
Sep. 13, 2024
Vision to restructure, rebrand Tongaat
As the book value of all assets of Tongaat was ZAR5,9 billion, after the realisation of assets there will be debt remaining of about ZAR7 billion (US$391,32 million).
By Tatira Zwinoira
Aug. 19, 2024
Break-in at ED nephew’s office
Tongai confirmed the incident to NewsDay when contacted for comment, adding that it was still unclear if any items were stolen.
By Sharon Buwerimwe
Jul. 10, 2024
Break-in at ED nephew’s offices
Mnangagwa confirmed the incident Tuesday morning saying the suspects gained entry through the ceiling.
By Sharon Buwerimwe
Jul. 9, 2024
