Tongaat Hulett’s shareholders to lose investment as company delists from JSE
The company breached the JSE Listings Requirements in 2022.
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The company breached the JSE Listings Requirements in 2022.
Tongaat Hulett has long recognised the importance of skills development and youth development in the rural communities where it operates.
Small-scale growers will be paid in full first, while commercial and other growers will receive payments in stages.
'The parties have chosen to instead work together to keep Tongaat Hulett operating and to protect the value it holds for its employees.'
Forensic findings revealed years of inflated earnings and hidden risks.