The JSE should consider suspending Tongaat Hulett’s shares, since the sugar producer has admitted itself that its past financial results cannot be relied upon to determine its value.

There are valid arguments for and against suspending shares in these cases. Those who say a share should continue trading freely argue that those who want to exit can do so, while those who want to speculate on the stock are free to take a punt.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now