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
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
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
Tongaat Huletts pledges to continue supporting sports development
The company is actively involved in the development of sports including soccer, hockey and golf.
By Sukuoluhle Ndlovu
Jun. 30, 2024
Tongaat Hulett targets to increase sugar output
He said some of the challenges included bad weather, currency volatility, inflation and a lack of critical spares for mills, resulting in unscheduled stoppages.
By Obert Siamilandu
Jun. 25, 2024
Protect sugar industry, says MP
Recently-appointed Tongaat Hulett chief executive Tendai Masawi said he was aiming at revamping the sector so that it regained lost glory in terms of production.
By Nhau Mangirazi
Jun. 24, 2024
Golf Zone: Brilliant Mapwanya wins Libreville Golf Open
The victory in Gabon meant that the Renco Mine - born golfer, walked away with the 5 million West African CFA franc (approximately US$8 300) winners cheque.
By Munyaradzi Madzokere
May. 24, 2024
Interview: Bigger plans ahead for Tongaat
It has been a long journey for us. We have been looking at Tongaat since 2020. So it has been for years, and we have just come up with a business rescue plan.
By Tafadzwa Mhlanga
Feb. 9, 2024
Tongaat consortium mulls massive power project
The announcement comes following the recent approval of the firm’s business rescuer plan (BRP) by creditors, marking a crucial step in Tongaat Hulett’s journey to stability.
By Tafadzwa Mhlanga
Feb. 9, 2024
