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…
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Tongaat
Tongaat gets shareholder go-ahead on rights issue
FIFI PETERS: Today was an important day for the sugar producer and property developer listed on the JSE – that’s Tongaat Hulett. Its shareholders had to decide in an extraordinary meeting…
KZN’s July unrest deals a R158m blow to Tongaat Hulett’s turnaround plans
JSE-listed sugar producer and land developer Tongaat Hulett took a R158 million financial blow from the July unrest that affected its home-base of KwaZulu-Natal (KZN), the group’s half-year…