Tongaat Hulett is leaving the JSE after 74 years, and its shareholders are getting nothing for it
The JSE will strike the sugar producer off its main board on 3 November, and the company says shareholders should expect nothing from what is left.
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The JSE will strike the sugar producer off its main board on 3 November, and the company says shareholders should expect nothing from what is left.
Four of the JSE-listed company's six directors resigned after shareholders led by co-founder Warren Wheatley's family investment company asked for a vote to remove them, weeks after a regulator banned Wheatley from financial services.
From 6 October the platinum and gold miner's shares will also trade on A2X, while its JSE and New York listings stay exactly as they are.
The JSE property group will keep half of a R5.4 billion portfolio and run it for fees, a model it already uses in Europe and Australia.