Group of cane growers mulls bid for Tongaat assets
News 24 (South Africa)
Monday, November 28, 2022
A consortium of cane growers that supplies Tongaat Hulett has expressed interest in acquiring the assets of the embattled sugar producer. They believe their offer is one of the few viable options to save 11 000 small-scale growers and 20 000 cane grower jobs. The expression of interest is being made to Tongaat's business rescue practitioners on behalf of growers delivering more than 5 million tonnes of sugar [cane] to Tongaat. The proposal for the acquisition of assets includes the operating mills at Maidstone, Amatikulu and Felixton, the mothballed factory at Darnall, the Hulett's Refinery, Voermal animal feeds and all associated brands and trademarks.Click here to connect to the source of this storyClick here for more News and Views
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