Share

Tongaat rescue: High court postpones urgent interdict applications until next week

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
Supplied

The Durban High Court has postponed applications to urgent interdict the vote for Tongaat Hulett's business rescue plans until Wednesday, with voting on the business rescue plan adjourned until the next day.

Both the South African Sugar Association (SASA), and RCL Foods, which brought the applications, confirmed the court's decision on Thursday.

"On that date, the high court will hear both the interdict brought by SASA and RCL Foods, and an application for leave to appeal the original high court ruling which has been brought by Tongaat Hulett," RCL Foods, the owner of Selati Sugar, said. The voting on the business rescue plan is now scheduled for 14 December, from 8 December.

Read this for free
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
Try our free 14-day trial
Already a subscriber? Sign in
heading
description
username
Show Comments ()
Rand - Dollar
18.66
+0.8%
Rand - Pound
23.41
+0.2%
Rand - Euro
19.99
+0.6%
Rand - Aus dollar
12.23
+0.3%
Rand - Yen
0.12
-0.0%
Platinum
954.60
+3.3%
Palladium
978.50
+2.0%
Gold
2,336.58
-0.1%
Silver
27.24
+0.2%
Brent Crude
89.50
+0.6%
Top 40
70,353
+1.4%
All Share
76,412
+1.4%
Resource 10
63,828
+2.4%
Industrial 25
104,743
+0.8%
Financial 15
16,399
+1.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders