High Court showdown looms over Tongaat Hulett Botswana
Friday, May 22, 2026 | 630 Views |
Sour times: The High Court will hear the legal challenge next month
The case follows an attempt in February by Bowwood and Main No 296 Pty Ltd to take control of THB via a successful ex parte application before the High Court. The order was for a general notarial bond over the assets of Tongaat Hulett held in THB.
Tongaat Hulett Ltd was placed in business rescue in 2022 after failing to recover from an accounting scandal that exposed huge debts and left the 133-year-old company owing billions of pula to various banks and lenders.
“The trouble with government regulation of the market is that it prohibits capitalistic acts between consenting adults.”~ Robert NozickWhile government must contain the disease, it must also confront the growing economic hardship caused by its response. For many rural households, cattle remain a source of livelihood and the only means for tending for thousands of families, and for these kind of people the longer the restrictions continue, the...