The business rescue practitioners (BRPs) of sugar company Tongaat Hulett have published updated business rescue plans for the company and its subsidiaries, Voermol Feeds and Tongaat Hulett Sugar SA, focusing on two business rescue plan proposals. Following the publication of THL’s business rescue plan in May and the subsequent adjournment of the section 151 meeting of creditors, the BRPs have been working closely with interested and affected parties towards securing a new strategic equity partner (SEP).
