Tongaat debt-to-asset deal with Vision on course
Tongaat entered into voluntary corporate rescue on October 27, 2022, after its total claims and debt reached ZAR13 billion.
By Tatira Zwinoira
Mar. 10, 2025
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SA’s High Court allows Tongaat Vision takeover to proceed
Tongaat’s debt-to-asset swap transaction with Vision is worth ZAR5,9 billion (US$330,05 million).
By Tatira Zwinoira
Feb. 21, 2025
Tongaat’s incoming majority shareholder appoints new CEO
Locally, Tongaat operates through its wholly owned Triangle Sugar operation and a 50,3% shareholding in the agriculture and agro-processing firm, HVEL.
By Business Reporter
Feb. 7, 2025
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
Dec. 27, 2024
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
