Tongaat Hulett appoints Dan Marokane as acting CEO
Agriculture and agri-processing business, Tongaat Hulett has appointed Dan Marokane as its acting CEO, following Gavin Hudson’s resignation a week ago. Hudson will leave the company at the…
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Hulett
Gavin Hudson resigns as Tongaat Hulett CEO
Tongaat Hulett CEO Gavin Hudson – who was brought in to lead the turnaround of the scandal-hit and debt-laden sugar and property group four-years ago – has resigned, the company confirmed…
Over 14 000 jobs at risk as Tongaat Hulett misses payment deadline
FIFI PETERS: Let’s get into what is happening in the sugar industry. You’ll recall that last week we had the decision coming out of a big sugar producer in the sector, Tongaat Hulett, that…
Tongaat Hulett forced into business rescue
Financially troubled sugar producer Tongaat Hulett on Thursday announced that it will be entering a voluntary business rescue process (BRP), after its board found the company to be in…
Tongaat Hulett makes progress with its debt restructuring
Financially troubled JSE-listed sugar producer and property company Tongaat Hulett says it is making progress with its debt restructuring and has concluded a new R600 million borrowing base…
Tongaat Hulett shares surge over 17% as Artemis ups its stake
Shares in debt-laden Tongaat Hulett surged 17.78% on Tuesday following an announcement that Artemis Investments, which is controlled by shareholder activists, had increased its shareholding…
Tongaat Hulett abandons planned R5bn rights offer
The decision by JSE-listed Tongaat Hulett to terminate an underwriting agreement of up to R2 billion with Magister Investments, for its planned R5 billion rights issue to reduce the…
TRP decision places Tongaat Hulett ‘in a horrific position’
The planned recapitalisation of Tongaat Hulett to reduce its massive debt has been dealt a huge blow by a Takeover Regulation Panel (TRP) decision withdrawing an exemption previously…