Healthier Tongaat Hulett puts breach of JSE rules behind it
Fine of R7.5m was the largest penalty the exchange could impose, says shareholder activist Chris Logan
01 July 2020 - 12:59
Sugar producer Tongaat Hulett said on Wednesday that it has accepted a R7.5m fine from the JSE for publishing financial results between 2011 and 2018 that provided false information to shareholders.
The JSE has suspended R2.5m of the fine for five years provided Tongaat does not breach “material and important” listing rules during the period. The JSE said it took into account Tongaat’s full co-operation in its investigation...
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