Aat - The Standard

Topic : Aat

Tongaat debt-to-asset deal with Vision on course

Tongaat entered into voluntary corporate rescue on October 27, 2022, after its total claims and debt reached ZAR13 billion.

By Tatira Zwinoira Mar. 10, 2025

Tongaat debt-to-asset deal with Vision on course

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SA’s High Court allows Tongaat Vision takeover to proceed

Tongaat’s debt-to-asset swap transaction with Vision is worth ZAR5,9 billion (US$330,05 million).

By Tatira Zwinoira Feb. 21, 2025

SA’s High Court allows Tongaat Vision takeover to proceed

Tongaat’s incoming majority shareholder appoints new CEO

Locally, Tongaat operates through its wholly owned Triangle Sugar operation and a 50,3% shareholding in the agriculture and agro-processing firm, HVEL.

By Business Reporter Feb. 7, 2025

Tongaat’s incoming majority shareholder appoints new CEO

Tongaat to offload Zim operations to Vision owners

Locally, Tongaat operates through its wholly owned Triangle Sugar operation and a 50,3% shareholding in the agriculture and agro-processing firm, Hippo Valley Estates Limited.

By Tatira Zwinoira Dec. 27, 2024

Tongaat to offload Zim operations to Vision owners

Tongaat Hulett proceeds with debt-to-asset swap

The stakeholders include the lender group, the Industrial Development Corporation of South Africa Ltd and shareholder bodies.

By Tatira Zwinoira Dec. 11, 2024

Tongaat Hulett proceeds with debt-to-asset swap

Zim, Moza approvals delay Tongaat deal

Vision, a South African investment consortium, is in the process of purchasing Tongaat’s assets through a debt-to-asset swap worth ZAR5,9 billion (US$330,05 million).

By Tatira Zwinoira Nov. 5, 2024

AAT triumphs at 2025 AZTA awards

Over the years, the lodge has become synonymous with exceptional service, breathtaking views and a commitment to sustainable tourism.

By Staff Writer Sep. 27, 2024

Vision to restructure, rebrand Tongaat

As the book value of all assets of Tongaat was ZAR5,9 billion, after the realisation of assets there will be debt remaining of about ZAR7 billion (US$391,32 million).

By Tatira Zwinoira Aug. 19, 2024