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Market punishes Tongaat shares for more bad news

The group, whose sugar mills are closed in the wake of floods in KwaZulu-Natal, reported a fall in production and a need for more cash

Zeder warns of leap in food inflation

Group says that, despite favourably soft commodity prices, cost pressures remain in  energy and fertilisers

Besieged by battles on two fronts, Tongaat Hulett is trying to correct itself

The NPA is mulling further racketeering charges while the sugar giant struggles to get the ball rolling on its R4bn capital raise

PODCAST | Tiger Brands’ foray into venture capital

Mudiwa Gavaza is joined by Barati Mahloele, director at Tiger Brands Venture Capital Fund

Mexico squeeze pushes avocado prices to 24-year high

Slower production in the country that is the world’s biggest producer of the fruit signals pricier guacamole

Tongaat’s rights issue faces another bump

Plan to raise R4bn could be scuppered if probe ordered by takeover committee goes against it, but sugar producer says it is committed to recapitalisation

War in Ukraine turns extra sour for SA citrus farmers

Sanctions against Russia, which accounts for as much as 10% of local exports, will hit local growers hard, industry body says

Sea Harvest lifts dividend almost a quarter as fuel losses ease

Improved fishing conditions and vessel availability, as well as fuel-hedge gains rather than losses, benefited the group in 2021

Peter Staude in the dock over Tongaat fraud scandal

Six former executives, including ex-CEO Peter Staude, and a former audit partner at Deloitte granted R30,000 bail each after appearing in the Durban ...

Oceana suspends CFO Hajra Karrim pending probe

The step has been taken on a precautionary basis while waiting for a ‘further process’, says the fishing group

Regulators approve Tongaat takeover waiver for Magister Investments

After offer to underwrite sugar producer’s rights issue there will be no requirement for a buyout in case of a majority

Kaap Agri inks R1.1bn deal to acquire fuel retailer PEG

The acquisition will about double the acquisitive agriculture group’s fuel network, as well as boost its empowerment credentials

Tongaat vote on rights issue opens door wider on obscure investor

Sugar producer gets nod for fund raising underwritten by Magister Investments

Tongaat begins pursuit of Deloitte over its accounting scandal

Chair Louis von Zeuner says the process of claiming against former auditor Deloitte for its role in its accounting scandal is under way

Tongaat flags delay in its R450m claim against former directors

Former directors implicated in underhand practices as  civil cases expected to begin in 2023

US dumping complaint stings SA lemon juice exporters

Ventura Coastal alleges unfair competition and wants to impose anti-dumping duties on imports of the product from SA and Brazil

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.