Tongaat Zim safe despite parent’s liquidation

Tongaat Hulett is an agri-processing business, which includes integrated components of land management, property development and agriculture.

OPERATIONS at Tongaat Hulett Zimbabwe remain stable and unaffected despite the seismic shift in the corporate landscape of its parent company, Tongaat Hulett Limited. In a significant development, the joint Business Rescue Practitioners (BRPs) in South Africa have applied to the High Court for an order to place the South African entity into provisional liquidation.…

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