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Январь
2024

RCL Foods withdraws application to interdict one of Tongaat Hulett's rescue plans

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RCL Foods, the owner of Selati Sugar, says it will withdraw its application for an urgent interdict against one of the business rescue plans of Tongaat Hulett after engaging with that company's business rescue practitioners. RCL Foods had filed an application on Friday against the plan of the Vision consortium, viewing it as unlawful given that it "did not provide for a settlement of Tongaat's statutory obligations." But the group said in a statement on Sunday that the business rescue practitioners have agreed to changes.



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