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

Tobacco Output Hits 200m kg in 42 Days, But Prices Remain Compressed

Zimbabwe's 2026 flue-cured Virginia tobacco season had, by Day 42 of trading on 5 May 2026, moved 199,114,300 kilograms across both auction and contract floors at a combined average price of USD 2.60

15 hours ago

Telecel's Valuation Trap: Buying a Broken Network to Own a Permanent Licence

Telecel Zimbabwe, once the historically second-largest mobile operator in the country with 1.92 million active subscribers and a 15.1% market share as recently as 2015, is currently operating under vo

16 hours ago

Calm Before the Storm? ZERA Holds While SADC Peers Breach Historic Price Records

ZERA, Zimbabwe's energy regulator, has held flat petroleum pump prices for the period to 15 May 2026 with petrol (E20 blend) at USD 2.08 per litre and diesel at USD 2.09 per litre in United States dol

16 hours ago

Zimbabwe Tests Diesel Blending to Cut Fuel Import Costs

The numbers suggest that the stakes are high. Diesel consumption continues to grow, reflecting economic activity and structural dependence on road transport. Any intervention in this market will have

1 day ago

Zimbabwe Resets Mining Fees, Introduces Tiered Fee Structure

Cabinet has approved a comprehensive review of licences, permits, levies, and fees charged across Zimbabwe's mining sector, introducing a tiered fee structure in which artisanal and small-scale miners

1 day ago

Xarani and the Platform Bet: What FBC Holdings Is Building, and Whether It Can Work

The platform bet is intellectually coherent, the Finserve trajectory demonstrates the commercial destination at maturity, and the internal group synergies with MicroPlan, OutRisk and FBC Bank are real

1 day ago

Zambia Rejects $2B US Health Carrot: Haimbe Exposes Secret 'Minerals-for-Medicine' Link

Zambia's Foreign Minister Mulambo Haimbe has disclosed on 4 May 2026 that negotiations with the United States over two proposed bilateral agreements, a health cooperation framework worth up to USD 2 b

May 05, 2026

Mozambique, South Africa Drive Zimbabwe’s Q1 Growth: America’s Slump Weakens March Arrivals

Zimbabwe's tourism sector has recorded 384,561 international arrivals in the first quarter of 2026, an 11% increase year-on-year, generating USD 251 million in tourism receipts, a 14% improvement from

May 05, 2026