Tongaat Hulett Limited and Tongaat Hulett Development Proprietary Limited enter Business Rescue on 27 October 2022

Tongaat Hulett Limited and Tongaat Hulett Development Proprietary Limited entered voluntary business rescue on the 27th of October 2022.

Tongaat Hulett’s Botswana, Mozambique and Zimbabwe sugar operations are not financially distressed and therefore will presently continue trading in the ordinary course. These three businesses are funded independently from the Company and should be largely unaffected by the adverse circumstances affecting the Company.

To learn more about the announcements, refer here and to the media release.