Sector: Consumer Goods
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Tongaat Hulett Limited (JSE:TON) is an agriculture and agri-processing business, focusing on the complementary feedstocks of sugarcane and maize. Through the group's sugar and starch operations, it produces a range of refined sugarcane and maize based carbohydrate products, with many interchangeable products.
The group's ongoing agriculture activities mean it has a substantial land portfolio within the primary growth corridors of KwaZulu-Natal, with strong policy support for conversion at the appropriate time.
In partnering with key stakeholders, the group has created mutually beneficial relationships for its shareholders, governments, private farmers and their representative bodies, communities, employees, as well as the people impacted by the company’s operations.
The group operates 3 divisions:
Sugar
Tongaat Hulett Sugar focuses on cane growing, sugar milling and refining throughout the Southern African region.
The group has four mills in South Africa with an installed capacity to produce more than 1 million tons of sugar per annum.
Its central refinery in Durban produces 600 000 tons of high quality refined sugar per annum, with the primary product being the leading Huletts® brand.
Property
The group's land conversion and development activities are supporting a comprehensive, embedded social programme. They’re yielding increasing numbers of opportunities for well-located, affordable neighbourhoods, and they’re enabling transformation of ownership and participation in the real estate value chain.
The group's development arm has established a reputation for excellence as one of South Africa’s leading private land developers, having planned and developed more than 2 000 hectares of serviced land for residential, commercial, industrial, resort and mixed-use purposes. In collaboration with key stakeholders, the group is uniquely positioned to take on projects on a massive scale.
Starch and glucose
The group's South African-based starch and glucose operations include four wet-milling plants, in Kliprivier, Germiston and Meyerton (Gauteng) and Bellville (Western Cape).
The group converts more than 670 000 tons of bought-in maize per annum into starch and starch-based products. It also manufactures a wide range of products, from unmodified maize starch to highly-refined glucose products, which are key ingredients for manufacturers of foodstuffs, beverages and a variety of industrial products.
As Africa’s largest producer of starch, glucose and other related products, Tongaat Hulett supplies clients domestically, across the continent and internationally.
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Potential dynamics
Dan Marokane will take the reins at troubled state-owned electricity utility on 1 March, group chairman Mteto Nyati announced.
2024-01-19 12:42 +02:00
South Africans are expected to face major food shortages in the wake of days of violent unrest across two key provinces, as rioters upend supply chains by looting supermarkets and torching goods trucks.
2021-07-14 06:40 +02:00
South African regulators are stepping up efforts to break the oligopoly of the country’s top auditing firms after accounting scandals involving two of the Big Four failed to do the job for them.
2020-03-11 04:40 +02:00
EOH is in the cross-hairs of shareholders over executive pay, with an astonishing 65% of shareholders voting against the group’s remuneration policy and its implementation at Thursday’s AGM.
2019-12-09 14:42 +02:00
It’s not even the end of the first quarter and already there’s a plethora of once-significant South African companies that have either collapsed or had their share prices hit the wall.
2019-03-13 12:59 +02:00JSE:AGL JSE:AMS JSE:IMP JSE:APN JSE:SNH JSE:JSE JSE:BLU JSE:EOH JSE:TON
South Africa`s state power utility Eskom said on Sunday that it would increase the hours of daily power cut for Monday and Tuesday because it lost more generation capacity over the weekend.
2022-05-15
South African sugar producer Tongaat Hulett Ltd`s Zimbabwean subsidiaries have suspended advance payments for cane deliveries after the Harare authorities told banks to stop lending, the company said on Thursday, exposing farmers to possible cashflow problems.
2022-05-12
* Minority investors had recently campaigned against Ascendis
2021-08-31
South Africa`s heavily indebted sugar producer Tongaat Hulett is in a deadlock over the sale of its starch business to Barloworld over a condition set during the signing of deal, the two companies said on Tuesday.
2020-05-12
South Africa`s heavily indebted sugar producer Tongaat Hulett Ltd has entered negotiations on the potential sale of Tongaat Hulett Starch, it said on Thursday, without providing details on the talks.
2020-02-13
Scandal-hit South African sugar producer Tongaat Hulett Ltd reported a smaller half-year interim loss on Friday, with improved performance in Zimbabwe and Mozambique offsetting subdued sales in its home market.
2020-01-31
South Africa`s Tongaat Hulett said on Friday a PwC probe found that certain senior executives had overstated profits and certain assets by using "undesirable accounting practices".
2019-11-29
South Africa`s Tongaat Hulett, which has been battling to restore investors` confidence after announcing in April it would have to restate prior financial reports, has postponed its results statement for the latest full year, it said on Monday.
2019-10-07
Shares in South African sugar producer Tongaat Hulett were suspended from trade on the Johannesburg and London stock exchanges on Monday at the company`s request as it prepares to restate its financial results.
2019-06-10
South Africa`s Tongaat Hulett Ltd said on Thursday it was looking to negotiate a standstill agreement with its lenders, which had already agreed to waive some of their rights related to their loans to the troubled sugar producer.
2019-05-16
South African sugar producer Tongaat Hulett Ltd said on Wednesday it would restate prior financial information after a formal review revealed certain accounting practices that needed to be re-examined.
2019-04-24
South Africa`s rand firmed on Monday, helped by increasing demand for emerging market currencies amid a slew of disappointing economic data in developed markets and growth warnings from central banks.
2019-03-11
