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.
Tongaat Hulett’s Hippo Valley posts US$24 million profit
Cane processor Hippo Valley Estates has reported a 79 percent increase in profit after tax to US$24.1 million for the year ended 31 March 2026, buoyed by stronger local sugar sales, improved factory performance and the release of carry-over sugar stocks accumulated in the previous financial year.
Tongaat Hulett escapes liquidation
A catastrophic liquidation process for South Africa’s century-old sugar giant has been halted at the eleventh hour.
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).
Who will save sugar industry giant Tongaat-Hulett?
The business rescue of Tongaat-Hulett Limited has arguably been just such a charade, implicating both the Business Rescue Practitioners and Vision Investments 155, the consortium that, despite the failure of its business rescue plan, still wants to ingest THL.