UASA Media Release: 08 May 2023
Statement by Abigail Moyo, spokesperson of the trade union UASA:
UASA is pleased that cane sugar refiner Tongaat Hulett, under business rescue since late last year, has secured funding to continue business operations until the end of June 2023.
Tongaat Hulett’s business rescue plan has been extended. The company believes that it stands a reasonable chance of being rescued, within the meaning of section 128(1)(h) of the Companies Act, in a manner that will balance the rights and interests of all affected.
UASA supports Tongaat Hulett’s management during the process because the organisation’s survival is crucial to the sector. Despite the company’s many challenges, saving jobs and ensuring the industry does not crumble is our responsibility.
We encourage Tongaat Hulett’s management, stakeholders, business rescue and industry partners to continue working together towards saving the entity. We cannot tolerate any more job losses.
For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.