Tongaat-Hulett could return to JSE next week
CAPE TOWN – The long-awaited return of sugar maker Tongaat-Hulett to the JSE could happen as early as next week after the embattled group flagged that it was in negotiations with the bourse to lift the suspension of its shares from trading.
Tongaat told shareholders in a guidance yesterday that it had turned the corner, and that it would table its financials for the six months ended in September tomorrow.
The group said its losses had narrowed nearly a quarter to between R303million and R327m.
It said headline loss had also improved from the restated R354m in the comparable six months of 2018, buoyed by improved production in South Africa, Mozambique and Zimbabwe.
Tongaat requested the suspension of its shares in June last year following a delay in the publication of its mid-year financials.
Source: iol.co.za
