# Union federation Cosatu has welcomed the Industrial Development Corporation and Vision Group’s rescue package to save sugar giant, Tongaat Hulett. This preserves an estimated 250-thousand jobs across the sugar value chain. Cosatu’s Matthew Parks says the potential liquidation of the massive South African company and cornerstone of the KwaZulu-Natal and Mpumalanga economies would have been a blow the country simply could not afford:
Cosatu welcomes the rescue package for Tongaat Hulett, preserving 250,000 jobs [SOUND]
ENG ParksONTongaatHullet