Development unit of embattled sugar company is first to publish its business rescue plan
Indebted sugar company Tongaat Hulett will slowly close down its property company but is still selling some land and investigating potential developments, according to the division’s business rescue plan published on Friday.
Tongaat Hulett Development is the property arm of the sugar producer that converts farming land into property developments. It owns extensive tracts of land in KwaZulu-Natal and is the first unit of the sugar company to publish its business rescue plan. The business plans of Tongaat Hulett, its SA division and its feeds division will be published at the end of May. ..
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Big win for R4.5 billion River Club development in Cape TownThe City of Cape Town is hailing the end to a protracted legal saga over its River Club redevelopment project, which has been stalled due to claims over the land.
Read more »
AfDB to Help Out As Zimbabwe's Woes Affect Rest of RegionZimbabwe's President Emmerson Mnangagwa has reassured development partners and creditors that his government is committed to the implementation of key reforms critical to resolving the country's nearly U.S.$8.3 billion of debts and arrears. Mnangagwa was speaking during the high-level debt resolution forum held on May 15, 2023, in the capital Harare. The forum was also addressed by the President of the African Development Bank Dr. Akinwumi Adesina, and the facilitator of the high-level dialogues, former President of Mozambique Joaquim Chissano. It was attended by government officials, development partners, private sector, former farm owners and civil society organizations. Chissano said the crisis in Zimbabwe is having "terrible consequences" for the whole of Southern Africa by delaying the building of roads, railways and power lines. Adesina said the AfDB is collaborating with the government of Zimbabwe on land reform and compensation in order to create cutting-edge financial tools and structures that can be used utilized to mobilise U.S.$3.5 billion for compensation. He issued a warning against future delays that would damage trust and confidence. So timing, responsiveness, and financial sustainability all matter, he explained.
Read more »
Sifiso Ntombela | Here's what govt can do to help rural farmers | BusinessMuch of SA's population lives on rural land that belongs to traditional leaders. With agricultural development the return on investment could be huge, going some way to solving urban migration metros can no longer sustain, writes Sifiso Ntombela.
Read more »
Cape Town central line relocation blame game continuesThe City of Cape Town has blamed the Housing Development Agency for the delays in finding suitable homes for families living along central line rail track, while the agency pointed the finger directly at the city.
Read more »
Cape Town named Africa’s best city brand, with Joburg close behindCape Town has been named Africa’s best city brand in a new ranking, and 60th globally, while Johannesburg is close behind at third and 72nd respectively in the inaugural Brand Finance City Index.
Read more »
Cape Town named Africa’s best city brand, with Joburg close behindCape Town has been named Africa’s best city brand in a new ranking, and 60th globally, while Johannesburg is close behind at third and 72nd respectively in the inaugural Brand Finance City Index.
Read more »