South Africa’s IDC to gain stake in Hippo, Triangle under Tongaat rescue plan
The development follows the signing of a binding agreement between Tongaat, Vision and the IDC
By Business Reporter
4h ago
Tongaat’s incoming majority shareholder appoints new CEO
Locally, Tongaat operates through its wholly owned Triangle Sugar operation and a 50,3% shareholding in the agriculture and agro-processing firm, HVEL.
By Business Reporter
Feb. 7, 2025
Tongaat consortium mulls massive power project
The announcement comes following the recent approval of the firm’s business rescuer plan (BRP) by creditors, marking a crucial step in Tongaat Hulett’s journey to stability.
By Tafadzwa Mhlanga
Feb. 9, 2024
