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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

SA’s High Court allows Tongaat Vision takeover to proceed

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’s incoming majority shareholder appoints new CEO

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 to offload Zim operations to Vision owners

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

Tongaat Hulett proceeds with debt-to-asset swap

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

AAT triumphs at 2025 AZTA awards

Over the years, the lodge has become synonymous with exceptional service, breathtaking views and a commitment to sustainable tourism.

By Staff Writer Sep. 27, 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 Huletts pledges to continue supporting sports development

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