Overview
- Business rescue practitioners have applied to the KwaZulu-Natal High Court after a proposed sale and refinancing collapsed, arguing there is no reasonable prospect of rescue.
- SA Canegrowers warns that an unfunded liquidation could halt milling almost immediately, risking nonpayment for cane and leaving crops unprocessed.
- Agriculture Minister John Steenhuisen says about 15,500 growers and 35,000 to 40,000 linked jobs could be imperiled if the impasse blocks the new season.
- SAFDA reports undertakings from Vision Group, uBab' Gumede and the IDC to support a rescue, and tells farmers it expects end‑March payments and on‑time mill openings.
- Tongaat operates three mills and the country’s only white‑sugar refinery, with employees remaining on payroll until the court determines the provisional liquidation.