Tongaat Hulett’s share to resume trading on JSE on Monday
The embattled sugar producer says it is struggling to reduce its SA debt through earnings from that market
31 January 2020 - 08:14
Embattled sugar producer Tongaat Hulett, whose share will resume trading on the JSE on Monday after more than six months of suspension, is considering tapping shareholders as it seeks to reduce its SA debt by R8.1bn over the next 13 months.
The group, whose market capitalisation has lost about R12bn since the end of March 2018, says it is struggling to reduce its SA debt through earnings from that market, and needs to either accelerate disposals, raise capital or save additional cash...
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