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

ZEEX’s First Partner: Evaluating INVESCI’s Real Market Impact Before the First Listing

The Zimbabwe Stock Exchange Limited has signed a Memorandum of Understanding with INVESCI Asset Management, establishing a strategic institutional partnership to advance the growth and development of

21 hours ago

Zim’s  Potato Sector: Set for the Biggest Winter Potato Recovery

Zimbabwe is expecting 243,850 metric tonnes of Irish potato from the 9,000 hectares planted in the 2026 winter season, with 92,400 metric tonnes already produced from the 3,300 hectares already harves

22 hours ago

Squeezing the Soil: How GMB’s Over ZiG 200 Million Arrears Threaten the Next Season

The Grain Marketing Board is owing 17.27% of ZiG payment obligations to farmers who delivered grain in the  FY2025 marketing season amounting to ZiG 50,192,313.52. Transporters who hauled grain to GM

1 day ago

A Historic First: Zimbabwe Confirms Highest Maize Harvest in National History

Zimbabwe's maize harvest has risen from 2,341,857 metric tonnes presented during the 16th Post-Cabinet Briefing to 2,824,110 metric tonnes confirmed at the 18th Post-Cabinet Briefing on 9 June 2026, a

Jun 10, 2026

Zimbabwe’s Soyabeans Domestic Supply Jumps to 54% from 19% in 2015:Highest Yield Post Land Reform

Zimbabwe's 2025/26 soyabean harvest reached 119,067 metric tonnes from 56,562 hectares harvested, according to the Second Round Crop, Livestock and Fisheries Assessment Report presented to Cabinet on

Jun 10, 2026

Zimbabwe’s Cement Industry: What Record Cement Imports Tell Us About the Economy

Zimbabwe's monthly Portland cement import bill reached USD 12.02 million in April 2026, the highest single monthly value recorded in the sixty-four months dataset running from January 2021 through Apr

Jun 09, 2026

SADC Growth Shift: Zimbabwe Builds Capacity as South Africa Loses Investment Momentum

South Africa's economy expanded 0.5% quarter-on-quarter in Q1 2026, its sixth consecutive quarter of growth and the strongest performance since Q2 2025, as nine of ten industries registered positive o

Jun 09, 2026

Why Diesel Imports Set New Monthly Record of Above USD 130 Mn: Barometer of Production?

Zimbabwe's April 2026 diesel import bill reached USD 132.5 million, a 44.6% increase from March 2026's USD 91.6 million and the highest monthly value recorded from December 2022 through April 2026, a

Jun 09, 2026