Business rescue practitioners and key stakeholders strike deal to save Tongaat Hulett

KwaZulu-Natal sugar giant Tongaat Hulett Ltd (THL) has been saved from liquidation after a binding agreement was reached between Business Rescue Practitioners, the Industrial Development Corporation (IDC), and the Vision Group. The deal thwarts a potential collapse that would have impacted 250,000 jobs and the regional economy.

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Jun 17, 2026 - 12:38 Updated: Jun 17, 2026 - 12:39
Business rescue practitioners and key stakeholders strike deal to save Tongaat Hulett

KwaZulu-Natal sugar giant Tongaat Hulett Ltd (THL) has been saved from liquidation after a binding agreement was reached between Business Rescue Practitioners, the Industrial Development Corporation (IDC), and the Vision Group. The deal thwarts a potential collapse that would have impacted 250,000 jobs and the regional economy.

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