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The FM’s recent article by Marc Hasenfuss and column by Rob Rose (https://www.businesslive.co.za/fm/opinion/editors-note/2019-06-06-rob-rose-beware-the-c-suite-don/) (Money & Investing (https://www.businesslive.co.za/fm/money-and-investing/2019-06-13-tongaat-is-this-steinhoff-20/), Editorials, June 6-12) regarding Tongaat’s implosion refer.

Neither mentioned that a year ago Investec analyst Anthony Geard called out Tongaat for poor results, and suggested that Peter Staude’s departure as CEO was long overdue...

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