SOUTH AFRICA – Debt ridden Tongaat Hulett has approached the Johannesburg Stock Exchange (JSE) for a temporary suspension of its…
Read MoreTongaat Hulett requests temporary suspension on JSE due to delayed financial results, restructuring plan
Tag: Tongaat Hulett
Tongaat yet to fill debt hole as it cancels deal with Magister, rejects offer for Mozambican assets
SOUTH AFRICA – Embattled sugar producer Tongaat Hulett has called off its recapitalization deal with Mauritius-based Magister Investments. In 2021,…
Read MoreUSA based Lusitania Investment Capital eyes Tongaat Hulett’s operations in Mozambique
MOZAMBIQUE – The American company, Lusitania Investment capital LLC, has showcased interest of acquiring assets of Indebted sugar producer Tongaat…
Read MoreTongaat Hulett’s chairperson steps down as its rights issue plan takes nose dive
SOUTH AFRICA – The Chaiperson and Non-Executive Director of the Tongaat Hulett board, Mr Louis von Zeuner, has regrettably informed…
Read MoreTongaat Hulett in search of new group chair after Louis von Zeuner’s resignation
SOUTH AFRICA – Embattled sugar producer Tongaat Hulett has announced the resignation of its chair Louis von Zeuner. The group…
Read MoreTongaat Hulett appoints sugar industry veteran Graham Clark to its board
SOUTH AFRICA – South African sugar producer Tongaat Hulett, has appointed Graham Clark, the former MD of Illovo Sugar as…
Read MoreEconomic headwinds weigh down Tongaat Hulett’s performance widening its headline loss to US$75m
SOUTH AFRICA – Sugar producer Tongaat Hulett, has posted a wider headline loss of R1.1 billion (US$75m) for its financial…
Read MoreSouth African sugar manufacturing giants RCL Foods, Tongaat Hulett expect rise in full year earnings
SOUTH AFRICA – RCL Foods, South African consumer goods and milling company expects its profit for the year ended June…
Read MoreZimbabwe sugar cane farmers get backing from commercial bank CABS, avails US$2m financing facility
ZIMBABWE – Zimbabwean commercial bank, CABS has availed a US$2 million financing facility to support sugar cane farmers in the…
Read MoreTongaat’s turn around strategy yields results reporting 38% rise in half year revenue
SOUTH AFRICA – Sugar producer Tongaat Hulett has delivered significantly improved financial results in a period of substantial volatility and…
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