Tongaat wants JSE to lift suspension
The embattled sugar producer requested that trading in its shares be suspended in June, as it grappled with accounting irregularities
Trade in Tongaat Hulett’s shares on the JSE could resume in the first week of February as the embattled sugar producer looks to recover from one of the biggest corporate scandals in SA.
The company, which has been hit by poor governance, market underperformance and financial misrepresentation, is in talks with the JSE regarding the suspension it requested in June 2019, it said. Tongaat said it would make an announcement once the JSE had decided on the matter. ..