Sugar Industry
The Supreme Court of Appeal has ruled that Tongaat Hulett cannot suspend payments to the South African Sugar Association during its business rescue, increasing financial pressures. This decision comes as the Vision Group works to finalize its acquisition by refinancing Industrial Development Corporation funding. The ruling treats industry levies as statutory obligations rather than negotiable contracts.
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Jude Chesire, CEO of the Kenya Sugar Board, has been unanimously elected as Chairman of the International Sugar Organization for 2026. This marks the first time a Kenyan and an African has held the position. His election coincides with increased African representation in the global body.
October 31, 2025 02:40