Eastern Cape tea estates request R400 million government bailout

By Mthobisi Nozulela | Published 4h ago

Magwa and Majola tea estates, which employ hundreds of workers in Eastern Cape, have requested a R400 million government bailout after years of financial problems. The estates need a significant capital injection to restructure their core operations, with management indicating they actually require up to R500 million over three years for a complete turnaround.