Edition:
United Kingdom

Tongaat Hulett Ltd (TONJ.J)

TONJ.J on Johannesburg Stock Exchange

1,820.00ZAc
22 Mar 2019
Change (% chg)

-59.00 (-3.14%)
Prev Close
1,879.00
Open
1,899.00
Day's High
1,927.00
Day's Low
1,779.00
Volume
363,546
Avg. Vol
389,064
52-wk High
10,499.00
52-wk Low
1,515.00

Latest Key Developments (Source: Significant Developments)

Tongaat Hulett Sees HY HEPS & EPS To Reflect A Loss In Excess Of 803 Cents & 927 Cents Respectively
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Tongaat Hulett Ltd ::GAVIN HUDSON COMMENCED HIS DUTIES ON 1 FEBRUARY 2019 AS NEW CHIEF EXECUTIVE OFFICER OF TONGAAT HULETT.COMPANY HAS APPOINTED ADVISORS TO MANAGE DEBT AND WILL ENTER INTO DISCUSSIONS WITH LENDERS THIS COMING WEEK.HY HEPS AND EPS ARE BOTH EXPECTED TO REFLECT A LOSS IN EXCESS OF 803 CENTS AND 927 CENTS RESPECTIVELY.GAVIN HUDSON COMMENCED AS NEW CEO TO EXPEDITE IMMEDIATE AND COMPREHENSIVE STRATEGIC AND FINANCIAL REVIEW.DURING STRATEGIC & FINANCIAL REVIEW, BECOME CLEAR THAT BUSINESS FACING MORE CHALLENGES & OPERATIONAL PERFORMANCE CONTINUED TO DECLINE.A PERMANENT CHIEF FINANCIAL OFFICER HAS BEEN APPOINTED.  Full Article

Tongaat Hulett Says FY HEPS & EPS Are Both Expected To Reflect A Loss In Excess Of 803 Cents And 927 Cents Respectively
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Tongaat Hulett Ltd ::FY HEPS AND EPS ARE BOTH EXPECTED TO REFLECT A LOSS IN EXCESS OF 803 CENTS AND 927 CENTS RESPECTIVELY.GAVIN HUDSON COMMENCED HIS DUTIES ON 1 FEBRUARY 2019 AS NEW CHIEF EXECUTIVE OFFICER OF TONGAAT HULETT.COMPANY HAS APPOINTED ADVISORS TO MANAGE DEBT AND WILL ENTER INTO DISCUSSIONS WITH LENDERS THIS COMING WEEK.GAVIN HUDSON COMMENCED AS NEW CEO TO EXPEDITE IMMEDIATE AND COMPREHENSIVE STRATEGIC AND FINANCIAL REVIEW.DURING STRATEGIC & FINANCIAL REVIEW, BECOME CLEAR THAT BUSINESS FACING MORE CHALLENGES & OPERATIONAL PERFORMANCE CONTINUED TO DECLINE.A PERMANENT CHIEF FINANCIAL OFFICER HAS BEEN APPOINTED.  Full Article

Tongaat Hulett Appoints John Gavin Chief Executive
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Tongaat Hulett Ltd ::APPOINTMENT OF CHIEF EXECUTIVE OFFICER.APPOINTMENT OF JOHN GAVIN HUDSON AS CHIEF EXECUTIVE OFFICER.APPOINTMENT OF HUDSON IS WITH EFFECT FROM 1 FEBRUARY 2019.  Full Article

Tongaat Finalising Appointment Of New Permanent CEO
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Tongaat Hulett Ltd ::JSE: TON - UPDATE ON APPOINTMENT OF CHIEF EXECUTIVE OFFICER.TONGAAT HULETT LTD - APPOINTMENT OF A NEW PERMANENT CHIEF EXECUTIVE OFFICER AND A DETAILED ANNOUNCEMENT WILL MADE BEFORE END OF JANUARY 2019.TONGAAT - BOARD IS FINALISING APPOINTMENT OF A NEW PERMANENT CHIEF EXECUTIVE OFFICER AND A DETAILED ANNOUNCEMENT WILL MADE BEFORE END OF JAN 2019.  Full Article

Tongaat HY Headline LOSS OF R87 Mln VS Headline Earnings Of R661 Mln
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Tongaat Hulett Ltd ::JSE: TON - INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018.TONGAAT HULETT LTD - HY HEADLINE LOSS OF R87 MILLION (2017: HEADLINE EARNINGS OF R661 MILLION).TONGAAT HULETT LTD - REVENUE INCREASED 9% TO R8,808 BILLION FOR SIX MONTHS ENDED 30 SEPTEMBER 2018.TONGAAT HULETT LTD - HY SUGAR OPERATIONS RECORDED A COMBINED OPERATING PROFIT OF R1,138 BILLION (2017: R1,308 BILLION).TONGAAT HULETT LTD - TOTAL SUGAR PRODUCTION IN 2018/19 IS ESTIMATED TO BE BETWEEN 1 311 000 TONS AND 1 352 000 TONS.TONGAAT HULETT LTD - SUGAR PRODUCTION IN 2019/20 IS EXPECTED TO EXCEED 1 400 000 TONS.TONGAAT HULETT LTD - IN CURRENT ECONOMIC CONDITIONS, SOME RECOVERY IN CONSUMER DEMAND IS EXPECTED IN SECOND HALF OF FINANCIAL YEAR.  Full Article

Tongaat Hulett Sees HY HLPS OF 74 CENTS
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Tongaat Hulett Ltd ::TONGAAT HULETT LTD - HY OPERATING PROFIT IS EXPECTED TO BE R530 MILLION.TONGAAT HULETT LTD - LOSS PER SHARE OF 94 CENTS IS EXPECTED FOR SIX MONTHS ENDED 30 SEPTEMBER 2018.TONGAAT HULETT LTD - A HEADLINE LOSS PER SHARE OF 74 CENTS IS EXPECTED FOR HY.TONGAAT HULETT LTD - DECLINE IN OPERATING PROFIT IS LARGELY ATTRIBUTABLE TO LAND TRANSACTIONS THAT WERE NOT CONCLUDED BY 30 SEPTEMBER 2018.TONGAAT - LOCAL MARKET CONDITIONS IN SOUTH AFRICAN, MOZAMBIQUE SUGAR OPERATIONS NEGATIVELY IMPACTED REVENUE, CANE VALUATIONS REDUCING OPERATING PROFIT.  Full Article

Tongaat Hulett Says HY Headline Earnings To Fall At Least 60 Pct
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Tongaat Hulett Ltd ::HY OPERATING PROFIT IS EXPECTED TO BE AT LEAST 40% BELOW R1,471 BILLION EARNED IN SIX MONTHS ENDED 30 SEPTEMBER 2017.DECLINE IN HY FINANCIAL RESULTS DUE TO LAND CONVERSION AND DEVELOPMENT ACTIVITIES AND SUGAR OPERATIONS IN SOUTH AFRICA, MOZAMBIQUE.HEPS AND EPS FOR SIX MONTHS ENDED 30 SEPTEMBER 2018 ARE EXPECTED TO BE BELOW 230 CENTS AND 252 CENTS RESPECTIVELY.HY HEADLINE EARNINGS IS EXPECTED TO REFLECT A DECREASE OF AT LEAST 60% COMPARED TO R661 MILLION REPORTED FOR COMPARATIVE PERIOD.  Full Article

Tongaat Hulett Says Murray Munro To Step Down As CFO And Executive Director
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Tongaat Hulett Ltd ::ANNOUNCES THAT MURRAY MUNRO WILL BE STEPPING DOWN AS CHIEF FINANCIAL OFFICER OF COMPANY.ROB AITKEN, CURRENTLY A SENIOR FINANCE EXECUTIVE, WILL ASSUME RESPONSIBILITY AS ACTING CHIEF FINANCIAL OFFICER AS OF 7 AUGUST.MURRAY TO STEP AS CFO OF COMPANY AND EXECUTIVE DIRECTOR OF BOARD WITH EFFECT FROM AUG 7.  Full Article

Tongaat's CEO To Retire From Oct. 31
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Tongaat Hulett Ltd ::CONFIRMATION OF THE RETIREMENT DATE OF THE CHIEF EXECUTIVE OFFICER.PETER STAUDE WILL RETIRE AS CHIEF EXECUTIVE OFFICER OF COMPANY AND EXECUTIVE DIRECTOR OF BOARD WITH EFFECT FROM 31 OCTOBER 2018.INTERIM CEO WILL BE APPOINTED WHILE BOARD FINALISES ITS PROCESS TO IDENTIFY MR STAUDE'S PERMANENT SUCCESSOR.  Full Article

Tongaat Hulett Posts FY HEPS 534.8 CENTS
Tuesday, 29 May 2018 

May 29 (Reuters) - Tongaat Hulett Ltd ::FY REVENUE OF R16,982 BILLION (2017: R17,915 BILLION).FY HEADLINE EARNINGS PER SHARE DILUTED 534.8 CENTS.  Full Article

UPDATE 1-South Africa sugar tax to cut industry revenues, prompt reform -USDA

(Adds details from report, background) By Ayenat Mersie NEW YORK, March 13 South Africa's sugar tax could slash industry revenues and prompt restructuring of the country's sugar sector, the U.S. Department of Agriculture (USDA) said in a report published on Wednesday. The tax, introduced last April, has slashed the beverage sector's use of sugar by 30 percent, the USDA attache in Pretoria said, marking a major win for health advocates who have sought to curb sugar consu