Hippo Valley deepens cost cuts
Cane processor Hippo Valley Estates says it is intensifying cost-containment measures as rising labour and production costs continue to erode margins, despite a sharp improvement in earnings.
Tongaat Hulett CEO appointed to Hippo Valley board
Tongaat Hulett Limited chief executive Gavin Dalgleish has been appointed non-executive director to Hippo Valley Estates Limited board.
New plan to save Tongaat Hulett
Tycoon-backed Vision Group is in talks with South Africa’s Industrial Development Corporation to take an equity stake in sugar refiner Tongaat Hulett in exchange for additional funding, Vision Group shareholder and consortium member Robert Gumede said in an interview.
US$12 million lifeline for Tongaat Hulett
On 16 April 2026 Tongaat’s Post-Commencement Funding facility was extended to 30 June 2026 and increased from R2.3 billion to R2.5 billion – R200 million (US$12.16 million).