HARARE – The anticipated liquidation of Tongaat Hulett in South Africa is not expected to disrupt sugar operations in Zimbabwe, according to Hippo Valley Estates, although the unfolding developments are drawing close scrutiny from investors and industry observers. Tongaat Hulett wholly owns Triangle Ltd and holds a controlling 50.3% stake in Hippo Valley Estates. Collectively, […]

Approximately 20,000 Zimbabwean workers face an uncertain future after Tongaat Hulett Limited in South Africa, one of the country’s largest private-sector employers, filed for provisional liquidation following the collapse of its business rescue plan.