The Minister of Trade, Industry and Competition, Mr Parks Tau, welcomes the withdrawal of the liquidation proceedings against Tongaat Hulett and commends all stakeholders who worked tirelessly to secure a viable path forward for one of South Africa’s most important agro-industrial companies.
The withdrawal of the liquidation application represents a significant milestone in safeguarding around 250 000 jobs, protecting rural livelihoods, preserving productive industrial capacity and securing the future of the sugar value chain.
Tongaat Hulett is a strategic asset within South Africa’s agricultural and manufacturing sectors. Its operations support thousands of direct and indirect jobs and underpin the economic wellbeing of communities across KwaZulu-Natal and other parts of Southern Africa. The prospect of liquidation posed serious risks not only to workers and growers, but also to suppliers, transport operators, small businesses and the broader economy.
Government has consistently maintained that every lawful effort should be pursued to secure a sustainable and durable solution for the company. We therefore welcome the progress made by stakeholders in reaching an outcome that creates an opportunity for the business to continue operating while longer-term restructuring and stabilisation measures are implemented.
The Minister wishes to acknowledge the role played by the Industrial Development Corporation, industry stakeholders, organised agriculture, labour and all other parties who remained committed to finding a constructive solution under extremely challenging circumstances.
MEDIA ENQUIRIES:
Kaamil Alli – Ministerial Spokesperson
Mobile: +27 82 520 6813
WhatsApp: +27 82 520 6813
E-mail: KAlli@thedtic.gov.za
Issued by: The Department of Trade, Industry and Competition (the dtic)
Follow us on X: @the_dtic
https://www.facebook.com/thedti?mibextid=ZbWKwL
https://www.youtube.com/@thedtic
Or
Bongani Lukhele – Director: Media Relations
Tel: (012) 394 1643
Mobile: 079 5083 457
WhatsApp: 074 2998 512
E-mail: BLukhele@thedtic.gov.za
Issued by: The Department of Trade, Industry and Competition (the dtic)
X: @the_dtic
Facebook: https://www.facebook.com/thedti?mibextid=ZbWKwL
YouTube: https://www.youtube.com/@thedtic
Website: https://www.thedtic.gov.za/
Share this:
