{"id":52273,"date":"2023-12-16T19:02:39","date_gmt":"2023-12-16T19:02:39","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/tongaat-hulett-creditors-vote-postponed-again-amid-court-challenge"},"modified":"2023-12-16T19:57:16","modified_gmt":"2023-12-16T19:57:16","slug":"tongaat-hulett-creditors-vote-postponed-again-amid-court-challenge","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/tongaat-hulett-creditors-vote-postponed-again-amid-court-challenge","title":{"rendered":"Tongaat Hulett creditors\u2019 vote postponed again amid court challenge"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Hulett was set to make two proposals on Friday in a meeting that would have seen creditors vote on a buyer for the company. But a pending court case has pushed the vote down<\/p>\n

A meeting to decide the future of indebted sugar producer Tongaat Hulett has been put on ice as industry leaders take the company to court.<\/p>\n

Hulett was set to make two proposals on Friday in a meeting that would have seen creditors vote on a buyer for the company.<\/p>\n

But a pending court case has pushed the vote down.<\/p>\n

Food group, RCL Foods, and the South African Sugar Association took to the Durban High Court earlier this week to file an urgent interdict against Friday\u2019s meeting.<\/p>\n

Though the two entities filed separate applications, they both want the court to declare unlawful Hulett\u2019s business rescue plan published in November.<\/p>\n

The court challenge comes amid claims the company is trying to evade paying several levies to industry bodies worth more than a billion rand.<\/p>\n

Hulett has now opposed the urgent applications.<\/p>\n

The industry players have since agreed on a timeline to plead their cases, with the matter now set down for next week.<\/p>\n

This means Friday\u2019s meeting has to be adjourned until after the court hearing.<\/p>\n

When the crucial meeting does finally go ahead, two bidders will vie for control of the sugar giant.<\/p>\n

This includes the RGS Group and Vision Consortium, linked to businessman and ANC funder, Robert Gumede.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Hulett was set to make two proposals on Friday in a meeting that would have seen creditors vote on a buyer for the company. But a pending court case has pushed the vote down A meeting to decide the future of indebted sugar producer Tongaat Hulett has been put on ice as […]<\/p>\n","protected":false},"author":84,"featured_media":52272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-52273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nTongaat Hulett creditors\u2019 vote postponed again amid court challenge - Mozambique<\/title>\n<meta name=\"description\" content=\"Hulett was set to make two proposals on Friday in a meeting that would have seen creditors vote on a buyer for the compa ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tongaat-hulett-creditors-vote-postponed-again-amid-court-challenge\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tongaat Hulett creditors\u2019 vote postponed again amid court challenge\" \/>\n<meta property=\"og:description\" content=\"Hulett was set to make two proposals on Friday in a meeting that would have seen creditors vote on a buyer for the compa ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tongaat-hulett-creditors-vote-postponed-again-amid-court-challenge\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-16T19:02:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-16T19:57:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/12\/sm_1702743635.512862.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"496\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tongaat-hulett-creditors-vote-postponed-again-amid-court-challenge#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tongaat-hulett-creditors-vote-postponed-again-amid-court-challenge\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tongaat Hulett creditors\u2019 vote postponed again amid court challenge\",\"datePublished\":\"2023-12-16T19:02:39+00:00\",\"dateModified\":\"2023-12-16T19:57:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tongaat-hulett-creditors-vote-postponed-again-amid-court-challenge\"},\"wordCount\":266,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tongaat-hulett-creditors-vote-postponed-again-amid-court-challenge#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/12\/sm_1702743635.512862.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tongaat-hulett-creditors-vote-postponed-again-amid-court-challenge#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tongaat-hulett-creditors-vote-postponed-again-amid-court-challenge\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tongaat-hulett-creditors-vote-postponed-again-amid-court-challenge\",\"name\":\"Tongaat Hulett creditors\u2019 vote postponed again amid court challenge - 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