Farmers in South Africa face devastating financial losses due to US tariffs on sugar exports, prompting urgent calls for ...

The Johannesburg Stock Exchange (JSE) has confirmed the enforcement of penalties against Mr. Murray Munro, the former Chief Financial Officer of Tongaat Hulett Limited, following a decision by the ...

Friday’s crucial creditors vote on a business rescue plan for troubled sugar giant Tongaat Hulett is set to be delayed again by court action by the South African Sugar Association (Sasa) to ...

Tongaat Hulett was placed in business rescue in October 2022 after a new management team uncovered accounting failures and alleged fraud that led the company to a R12-billion reversal in valuation.

Tongaat Hulett appears to be inching its way towards liquidation as the (currently suspended) JSE-listed sugar producer and property developer’s business rescue process increasingly becomes ...

Tongaat Hulett, South Africa's heavily indebted sugar producer, said on Friday it would sell its starch business to Barloworld for 5.35 billion rand ($351.10 million), including debt. Separately ...

Tongaat Hulett Limited “has a future”, according to the business rescue practitioners (BRPs) of the financially distressed JSE-listed sugar producer and property company. The BRPs on Wednesday ...

The BRPs added that the business rescue process is now nearing its final stages and they expect the transfer of Tongaat Hulett’s assets to Vision Investments to close well within 2025.

Notably, this deterioration flowed from Tongaat Hulett’s debt to the IDC for loans made since the commencement of the business rescue. This had increased from R613-million to R2.118-billion.

This advertisement has not loaded yet, but your article continues below. The group plans to increase its holding in Tongaat Hulett to 5% by the end of September, Smit told Reuters, spending around 50 ...

Tongaat-Hulett made a dramatic turnaround in the year to December 2004, achieving headline earnings of R214 million after the previous year's R93 million loss, a swing of R307 million, despite the ...