Search results for 'Tongaat'
Zimbabwe
Tongaat Hulett, Hippo Valley and the anatomy of a scandal

The ramifications of Tongaat Hulett’s balance sheet fraud, allegedly carried out by former chief executive Peter Straude and other managers, have been on full display this year. While the issue has be

Dec 12, 2022
Zimbabwe
Tongaat Hulett's Sugar Division Acquired by Tanzania's Kagera Sugar: A Sweet Deal or Cause for Caution

Tongaat was recently at the centre of a storm involving accounts manipulation and gross mismanagement by the management, which dearly costed the company. Over the recent past, the Rudland brothers hav

Jul 25, 2023
Zimbabwe
Tongaat Hulett charts new path

The impending sale of Tongaat Hulett, a prominent sugar conglomerate, has garnered significant attention as the company continues to grapple with a debt burden of approximately R7 billion. Under busin

Nov 06, 2023
Companies
Production Woes Plague Zimbabwe Sugar Giant, Recovery Inevitable

Hippo Valley Estates Limited, a prominent player in Zimbabwe's sugar industry, has reported a sluggish financial performance for the fiscal year under review. The company, a subsidiary of Tongaat Hule

Jul 04, 2024
Companies
Hippo Valley Unaffected as Parent Tongaat Hulett Enters Provisional Liquidation

Zimbabwe’s largest sugar producer, Hippo Valley Estates Limited, has moved quickly to reassure stakeholders that the provisional liquidation of its South African parent, Tongaat Hulett Limited (THL),

Feb 16, 2026
South Africa
Tongaat Crisis Update: IDC Declines to Commit to More Funding Amid Liquidation Threat

The Industrial Development Corporation (IDC) says that it is not in a position to commit to additional financial support for the embattled sugar conglomerate Tongaat Hulett at this juncture. This fol

Feb 23, 2026
World
Tongaat Hulett Liquidation Hearing Set for 16 April as Voermol Rescue Plan Hangs in Balance

Tongaat Hulett Developments Proprietary Limited, which holds property development assets, operates under a separate rescue plan adopted in May 2023 and is expected to continue unaffected by the THL pr

Mar 17, 2026
Companies
Tongaat Hulett’s Fate Hangs in Balance as Provisional Liquidation Hearing Opens Today

Tongaat Hulett Limited faces a defining moment in Durban High Court today as the long-running provisional liquidation application against the company is finally heard, with the outcome likely to deter

Apr 16, 2026

Top Stories

Zimbabwe Maize Imports Plunge 43%, Lowest Level Since 2025

Zimbabwe's maize import bill fell sharply in April 2026, dropping to $30.2 million from $53.2 million in March, a decline of roughly 43% in a single month that marks the clearest statistical signal ye

11 hours ago

Gold on the Edge: What World Gold Council’s June Outlook Means for Zimbabwe

Gold has closed May 2026 at USD 4,546 per troy ounce, a 1.4% monthly decline, according to the World Gold Council. The metal finished lower in most major currencies, with the exceptions of India and T

12 hours ago

National Breweries Flags 163% EPS Growth as Turnaround Gains Traction

National Breweries Plc, the Lusaka Securities Exchange-listed beverages manufacturer, expects earnings per share for the year ended 31 March 2026 to increase by 163% compared to the corresponding prio

14 hours ago

Zimbabwe Gets Its First Dedicated SME Exchange: ZEEX Opens New Capital Route for SMEs

Securities and Exchange Commission of Zimbabwe has approved the Zimbabwe Stock Exchange to operationalise its Small and Medium Enterprises exchange under the brand name Zimbabwe Entrepreneurship Excha

15 hours ago

ZWG Payments for Government Contracts: Masimba Flags Cautious Outlook

Masimba Holdings Limited has reported revenue of USD 8.8 million for the first quarter ended 31 March 2026, a 13% increase from the comparable period of 2025, and profit after tax of USD 453,000, a 12

Jun 05, 2026

Green Gold: Zimbabwe’s Avocado Exports Open at Six-Year High

Zimbabwe has exported USD 847,129 worth of fresh avocados in April 2026, the highest April opening value in over six-year trade dataset covering January 2021 through April 2026, and the second-highest

Jun 05, 2026

Gold Revenue Slide: Why Zim’s Main Forex Earner Hit a 13-Month Low and What It Means for the Economy

Zimbabwe's gold export revenue recorded its fourth consecutive monthly decline in April 2026, falling to USD 394.2 million from USD 427.1 million in March, USD 461.4 million in February, USD 493.0 mil

Jun 05, 2026

Mining Capex Boom: Machinery Imports Reveal Zimbabwe’s Industrial Buildout

When one reads Zimbabwe's April 2026 merchandise trade data at the headline level, its a story of a widening deficit, declining gold revenues, and compressed tobacco prices. However, when read at the

Jun 04, 2026