Tongaat Hulett: Vision Group debunks Peter Moyanga social media rumours

South Africa – Durban – 17 February 2026 – Fears rise as the sugar producer TongTongaat Hulett Vision Group has warned against false reports that businessman Peter Moyanga has joined the bid to saveTongaat Hulett Limited (THL), which is facing possible liquidation. The statement added that while theBusiness Rescue Practitioners (BRPs) applied for provisional liquidation on 12 February 2026, the matter remains before the High Court. Vision continues to pursue a constructive resolution with the IDC, the BRPs, and other key stakeholders.

The Vision Group is a key player in the matter, as it owns part of the debt owed by Tongaat Hulett. The company said it continues to pursue a constructive resolution with theIndustrial Development Corporation (IDC), the BRPs, and other key stakeholders. “As Vision Group, we are greatly encouraged by the recent call from President Cyril Ramaphosa for his government to move decisively to save the company and protect thousands of vital jobs, including the protection of the local sugar industry from imports.

“In alignment with the President’s directive, Vision remains available to engage with all stakeholders, including the government and the IDC, to pursue a resolutive solution to THL’s distress. Every day of delay causes further damage to THL and the broader sugar ecosystem, and Vision Group believes that now is the time for decisive leadership to secure a solution that is within reach. “Vision remains committed to the strategic acquisition of THL as a long-term investment, with a pledge to ensure that the integrity of the South African sugar industry is preserved through transparency, inclusive ownership, and operational excellence,” it said. For more stories from The Mercury, click the linkTHE MERCURY