Search results for 'tongaat hulett'
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 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

Simbisa’s Big Run: US$85 Million Revenue Growth Faces Margin Test

Simbisa Brands, Zimbabwe's largest quick service restaurant operator, closed the third quarter of 2026 financial year with group revenue of US$85.3 million, up 23% year on year, driven by a 14% increa

11 hours ago

WestProp’s 80% Revenue Jump Faces Profit Conversion Test: Tax Consumes Half of Incremental Profit

WestProp Holdings Limited has reported revenue of USD 8.06 million for the first quarter ended 31 March 2026, an 80.2% increase on the USD 4.47 million recorded in Q1 2025, with net profit reaching US

16 hours ago

Zimbabwe’s 2026 Cotton Marketing Season Opens Amid Recovery in Output and Area Expansion

The broader significance of the 2026 cotton season lies in what it signals about rural agricultural recovery. The simultaneous increase in output, hectarage, and marketing infrastructure suggests that

22 hours ago

The Great Africa Trek Pays Off: Regional Footprint Sprints Zimre to a Historic 142% Profit Surge

Zimre Holdings Limited has reported a 142% increase in profit for the first quarter ended 31 March 2026, rising from US$1.70 million to US$4.12 million, driven by strong top-line performance across al

1 day ago

First Mutual's Profit More Than Doubles as Malawi and Funeral Services Scale

First Mutual Holdings Limited has reported profit growth of more than 100% for the first quarter ended 31 March 2026, rising from US$1.38 million to US$2.95 million, driven by insurance contract reven

1 day ago

Turnall Commissions New Fibre-Cement Plant, Swings to Positive Operating Cash Flow

Turnall Holdings Limited has commissioned a new fibre-cement sheeting plant in Harare, successfully bringing the facility into commercial operation on 15 March 2026, in what the company describes as a

2 days ago

Fidelity Life Profit Doubles as Funeral Services, Malawi Operations Scale

Fidelity Life Assurance of Zimbabwe, operating under the FLA Group, has reported profit of US$2.95 million for the first quarter ended 31 March 2026, more than doubling from US$1.38 million in the sam

May 15, 2026

Dairibord Q1 Volumes Jump 26%, Chipinge Steri Plant Unlocks Capacity

The dairy and beverages group's strongest quarterly volume performance in recent periods reflects deliberate capital investment made in prior quarters. The 40% export decline made to service domestic

May 15, 2026