Nonjabulo Mntungwa-Makamu fifty three minutes ago News 0 Views
The utility in the Durban Excessive Court docket for the provisional liquidation of sugar huge Tongaat Hulett has been postponed, after applicants and respondents would possibly presumably well no longer agree on dates for the topic to be heard.
The Durban Excessive Court docket in Kwazulu Natal is determined to hear an utility for the provisional liquidation of Tongaat Hulett this day.#MorningLive #SABCNews pic.twitter.com/PytWqaxPOQ
— SABCNews_MorningLive (@MorningLiveSABC) February 27, 2026
The total simply representatives in the topic, which was heard via a virtual hyperlink, at supreme agreed on the intervention by KwaZulu-Natal Judge President Thoba Poyo-Dlwati, to capture on the dates for the utility to be heard. Tongaat Hulett has been below industry rescue since 2022, after suffering a R12-billion loss following accounting failures and alleged fraud. It is a ways now faced with provisional liquidation, after a most up-to-the-minute industry rescue thought exciting the Imaginative and prescient Group failed.
Judge Sanele Hlatshwayo says for this liquidation and counter utility they have space down a date to be arranged by the Judge President of the distance.
“The ticket of the postponement of the hearing are to be reserved. I’ve also indicated in paragraph eight that events must agree on the sort in which the hearing of all of the decisions is to proceed, wether near to or in the originate court docket.”
RELATED VIDEO | Tongaat Hullet recordsdata for provisional liquidation
www.sabcnews.com, https://www.sabcnews.com/sabcnews/date-disagreement-stalls-tongaat-hulett-liquidation-case/
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