# SA Canegrowers has welcomed an agreement between the Industrial Development Corporation and the Vision consortium to fund the business rescue of Tongaat Hulett. The deal provides short-term funding and withdraws the liquidation application, allowing the company to continue operating while a rescue plan is implemented. The organisation’s chairperson, Higgins Mdluli, says Tongaat Hulett remains a key player in the sector, supporting thousands of growers and contributing to rural economies.
SA Canegrowers welcomes rescue deal securing Tongaat Hulett’s future