# Tongaat Hulett avoided liquidation after signing a rescue agreement with the Industrial Development Corporation and the Vision Consortium, an international investment group, this morning. The deal is expected to stabilise the sugar producer and safeguard an estimated 250-thousand jobs linked to its operations and supply chain. The agreement forms part of a broader restructuring effort aimed at restoring financial sustainability and protecting economic activity in affected regions. It marks a significant intervention in one of South Africa’s key agricultural and manufacturing sectors.
Tongaat Hulett liquidation averted as rescue deal saves 250,000 jobs