SA sugar giant reduces stake in ‘Blue Crystal’

In a notice to the Johannesburg Stock Exchange this week, Tongaat Hulett directors said a sale agreement with the incoming investor Vision Parties had been concluded for the shares in Tongaat Hulett Botswana on January 18. Tongaat Hulett Botswana is the company behind the Blue Crystal Sukiri brand.

Together with a similar deal struck for the Zimbabwe operations in December, the latest transaction will result in Vision collectively acquiring a direct and indirect 50.1% of Tongaat Hulett Botswana.