Rob Rose Editor: Financial Mail

There has been a lot of sound and fury over the "accounting scandals" which have pockmarked the JSE over the past year. The most recent, adding to a list headed by Steinhoff and EOH, is sugar company Tongaat Hulett.

In yet another dismal admission of investment deceit, Tongaat said on Friday that a forensic investigation had "revealed certain past practices which are of significant concern … [which] have resulted in financial statements that did not reflect Tongaat Hulett’s underlying business performance accurately".

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