Tongaat Hulett to sell its starch division as part of debt recovery plan

SOUTH AFRICA – Sugar producer, Tongaat Hulett has entered into negotiations for the potential sale of its starch division as it grapples to reduce its huge debt. The talks come after Tongaat had committed itself […]

Tongaat Hulett shares plunge 63% as trading resumes on JSE

SOUTH AFRICA – Embattled sugar processor Tongaat Hulett’s shares plunged by over 63.66%, on Monday Morning, 3 February as it resumed trading on the on local bourse after a 7-month suspension The shares plunged 63.66 […]

Embattled sugar processor Tongaat Hulett to resume trading on local bourse

SOUTH AFRICA – Tongaat Hulett’s shares could be back for investors to trade on the JSE next month, as the company is due to release its financial statements for the six-months ended September 30. The […]

Government of Zimbabwe, Tongaat Hulett to launch US$40m sugar cane project

ZIMBABWE – The Kilimanjaro sugar cane project in South-East Zimbabwe worth US$40m is ready to be commissioned by the Government of Zimbabwe in partnership with Tongaat Hulett Zimbabwe, an agribusiness company. The project will open […]

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 […]