Tongaat says business rescue is not faltering as subsidiaries join the process

The two wholly owned businesses, which rely on Tongaat for support, are in financial distress

23 December 2022 – 10:57 Michelle Gumede and Nico Gous

UPDATED 23 December 2022 – 15:41

Two subsidiaries of sugar giant Tongaat Hulett have entered business rescue, two months after the holding company did the same.

Tongaat Hulett Sugar SA (THSSA) and animal feeds operation Voermol Feeds are wholly owned subsidiaries and have historically relied on Tongaat Hulett for financial and operational support…

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