EDITORIAL: Welcome back, Tongaat
Gavin Hudson, who took over as CEO of Tongaat Hulett last year, has done a commendable job fixing up the beleaguered sugar company after an accounting crisis and a brush with fraud
06 February 2020 - 05:00
It may not be immediately evident, but Gavin Hudson, who took over as CEO of Tongaat Hulett last year, has done a commendable job fixing up the beleaguered sugar company after an accounting crisis and a brush with fraud.
Hudson is disciplined, cost-conscious and has credibility when he talks about introducing accountability to the company’s culture. It’s showing in the numbers too: last week Tongaat announced that for the six months to September, revenue fell marginally, but operating profit climbed 305% to R1.27bn...
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