Tongaat may have lied about its performance
Multimillion-rand bonuses paid on basis of inflated profit should be paid back — former investor
03 June 2019 - 05:10
Sugar producer Tongaat Hulett’s previous management should return multimillion-rand cash bonuses paid on the basis of allegedly inflated profits, a former long-term investor in Tongaat said on Sunday.
Tongaat announced on Friday that it needed to restate its financial statements for the year to March 2018 after identifying "past practices, which are of significant concern"...
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