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July unrest cost Tongaat Hulett R158 million

Tongaat Hulett has reduced its debt from R11.7 billion in the 2020 interim, to R6.9 billion in the six months ended 30 September 2021.

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Mauritius company aims to underwrite Tongaat Hulett s R4-bn right issue

Tongaat Hulett's share prices plummeted by 30% after the company shared news of the rights issue, noting that Magister could become the majority shareholder.

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Tongaat Hulett plans a rights issue of close to R2bn to sustain its turnaround strategy

Tongaat Hulett plans a rights issue of close to R2bn to sustain its turnaround strategy
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South africaTongaat hulettGavin hudsonMagister investmentsSugar master plan

Tongaat shares plummet as funding plan could see new owner

Tongaat Hulett's share price plummeted 30% this week after the company announced a rights issue that could lead to the Mauritius-based investment group Magister becoming the majority shareholder.

Tongaat hulettSunday timesBusiness dayFinancial mailGavin hudsonChris loganRights issueAccounting irregularitiesCivil claimsLegal proceedings

British troops kill two terrorists in Mali in first gun battle since end of combat in Afghanistan

CRACK British troops killed two suspected terrorists in the bad lands of eastern Mali – in their first gun battle since the end of combat operations

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