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Tongaat Hulett, a South African sugar giant, struggles with billions in debt as new owner Vision Sugar tries to stabilize it.
Tongaat Hulett, a major South African sugar producer, is in a financial crisis with R10 billion in debt and R500 million in unpaid sugar levies.
Vision Sugar, the new owner, is working to stabilize the company, rebuild efficiency, and re-engage stakeholders.
The company faces legal challenges and seeks to modernize and expand its product lines.
The CEO has also urged authorities to address sugar import duties to avoid financial exploitation.
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Tongaat Hulett, un gigante sudafricano del azúcar, lucha con miles de millones en deuda mientras el nuevo propietario Vision Sugar intenta estabilizarlo.