Sugar processor Tongaat postpones release of audited full year financial results

SOUTH AFRICA – South African based sugar producer, Tongaat Hulett, has again postponed the release of its audited financial statement for the latest full year ended March 31 from the previously anticipated release date of […]

Sugar giant Tongaat Hulett to delist from London Stock Exchange

SOUTH AFRICA – South African sugar producer Tongaat Hulett has unveiled that it will delist its shares from the London Stock Exchange to cut costs and streamline its shareholding structure. Amid low trading volumes in […]

Tongaat Hulett to invest US$300m in capacity expansion of Zimbabwe business

ZIMBABWE – South Africa based sugar producer, Tongaat Hulett, will be investing US$300 million in a project that seeks to expand its processing capacity in Zimbabwe. The US$300 million project will see the company increase […]

Tongaat Hulett mulls shutting down operations in Mozambique

MOZAMBIQUE – Tongaat Hulett, a South African based diversified agribusiness firm, has unveiled intentions of closing down its sugar company in Mafambisse, central Mozambique. According to the secretary of the Mafambisse trade union committee, Antonio […]

Stock exchange suspends Tongaat Hulett listing awaiting financial probe

SOUTH AFRICA – The Johannesburg Stock Exchange (JSE) has suspended South Africa’s diversified agribusiness firm, Tongaat Hulett’s shares from the bourse as well as the London Stock Exchange, where the company has a secondary listing. […]

Tongaat’s corporate governance director Jenitha John resigns from the board

SOUTH AFRICA – Tongaat Hulett, South Africa’s diversified agribusiness firm, has announced the resignation of Jenitha John as the company’s corporate governance director. Tongaat said in a statement that Jenitha’s departure from the company’s board […]

South Africa’s Tongaat Hulett appoints Rob Aitken as new CFO

SOUTH AFRICA – South Africa’s agri-business company, Tongaat Hulett, has announced the appointment of Rob Aitken as new permeant Chief Executive Officer (CFO) and executive director, effective March 2019, reports Business Report. Rob Aitken has […]

Tongaat Hulett appoints John Gain Hudson new CEO

SOUTH AFRICA – Tongaat Hulett, agriculture and agri-processing group, appointed former SABMiller executive John Gain Hudson as new Chief Executive Officer (CEO) effective from February 2019, reports Business Day, Gain Hudson, 49 years old, will […]

Tongaat Hulett shareholders reject remuneration policy as CFO steps down

SOUTH AFRICA – The complementary sugarcane and maize feedstocks company, Tongaat Hulett’s shareholders have voted against a non-binding advisory resolution endorsing the company’s remuneration policy at its Annual General Meeting. Meanwhile, CFO Murray Munro who […]

Tongaat Hulett’s sugar profits fall to US$65.55m in full-year results

SOUTH AFRICA – The sugar and agri-processing company Tongaat Hulett’s operating profit from various sugar operations fell from US$82.7 million to US$65.55 million in the full-year ended March 2018, reported the Herald. Profit calculations involved […]