Hulett

Tongaat Hulett has secured Kagera Sugar as a strategic equity partner in a deal that will see the Tanzanian sugar giant acquire the sugar assets of the troubled sugar producer and property group. The currently suspended JSE-listed group,…

Murray Munro, the former CFO of accounting-scandal-hit sugar and property group Tongaat Hulett, has been censured by the JSE and faces a R6 million fine for his role in misrepresenting company’s financials between 2011 and 2018. The JSE…

Deloitte – former auditors of accounting-scandal-tainted Tongaat Hulett – has agreed to pay the sugar and property group R260 million to settle claims against the firm, without any admission of liability. Shareholder activist Chris Logan…

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 end of February. The outgoing CEO was brought in…

Gavin Hudson was handed a poisoned chalice when he accepted the CEO position of scandal-plagued sugar and land group Tongaat Hulett in 2019. That’s the view of long-time Tongaat watcher and chief investment officer at Opportune Investments…

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 in a JSE announcement on Monday. The embattled…

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 it was going into business rescue. It said it had…

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 “financial distress”. In a Sens statement the…

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 facility with the South African lender group. The…

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 in the JSE-listed sugar producer and property…