Import protection boosts Hulett's Zim unit

2014-11-11 14:11

The government's import protection on sugar helped the Zimbabwe-based operation of Tongaat Hulett record more sales than the previous comparative half-year.

Tongaat funding boost for Zim sugar farmers

2014-07-25 16:54

Sugar cane farmers in Zimbabwe have received funding facilities amounting to $32m from a regional banking group and sugar producer Tongaat Hulett.

Sugar strike: Settlement seems likely

2014-06-03 16:06

Talks between employers and employees in the sugar industry are encouraging, says the Food and Allied Workers Union.

Fawu wants strong yet speedy sugar strike

2014-05-28 11:13

The Food and Allied Workers Union hoped the strike in the sugar sector would send a signal to employers to come to the negotiating table as soon as possible.

Tongaat full-year earnings rise by 6%

2014-05-26 11:07

Sugar producer Tongaat Hulett has reported a 6% increase in full-year earnings, after softer global sugar prices and weak domestic demand weighed.

Villagers occupy Hulett's Zim lands

2014-05-21 13:23

Zimbabwean police have reportedly arrested 169 people who illegally occupied sugar cane land belonging to Tongaat Hulett-owned Hippo Valley and Triangle estates.

Tongaat's Zim struggles continue

2013-06-06 11:43

Zim authorities want Tongaat Hulett’s subsidiaries to explain allegations of deliberately under-declaring the size of its Hippo Valley Estates cane plantations.

Tongaat full-year earnings up 15%

2013-05-24 08:57

Tongaat Hulett has reported a 15% rise in full-year earnings as sugar production rose and says it expects further growth in the year ahead.

Illovo pulls out of Mali project

2012-05-28 15:04

Illovo Sugar has pulled out of a R2.6bn project in Mali because of political risk and funding difficulties, and will focus on growth opportunities elsewhere in Africa.

Carbon tax needs 'level playing field'

2011-12-11 16:12

If the proposed carbon tax is not applied fairly, firms will be unable to create work and alleviate poverty, warns AfriSam CEO Stephen Olivier.

Tongaat earnings seen easing

2011-11-04 08:37

Sugar producer Tongaat Hulett has advised that its headline earnings per share for the half-year ended September 2011 are expected to be lower.

Not so sweet

2011-07-14 00:00

As a vertically integrated sugar producer Tongaat Hulett (TH) does virtually everything but eat its product for you. It plants the cane, grows it, harvests it, crushes it to extract raw sugar and then refines that for the final product on the shelf.

Tongaat profit hit by drought

2011-05-30 08:45

Tongaat Hulett, a producer of sugar and starch, has reported a 4% drop in full-year profit, hit by a drought in South Africa.

Tongaat posts profit rise, eyes sugar rush

2010-11-15 08:05

Tongaat Hulett has posted a 9% rise in first-half profit and expects to benefit from a recent surge in demand for sugar.

Tongaat hails Zimbabwe renaissance

2010-05-28 14:36

Sugar producer Tongaat Hulett says Zimbabwe helped account for its one-third earnings hike, and forecasts more profit growth from the region in the next two years.


Tongaat profit up on import tariff rise

2014-11-10 08:37

Sugar producer Tongaat Hulett says first-half operating profit grew 9.3% as import tariff hikes and cost cuts partially offset the effects of low sugar prices.

Fawu declares new sugar dispute

2014-06-08 16:01

The Food and Allied Workers Union has declared a new dispute in the sugar sector, just days after a wide-ranging wage strike was resolved.

Fawu wants sugar sympathy strike

2014-06-02 06:15

The Food and Allied Workers Union says it is hoping to establish a sympathy strike to accompany current protest action in the sugar industry.

Sugar workers to down tools over wages

2014-05-26 18:45

Some 5 000 sugar workers will embark on a strike for higher wages, says producer Tongaat Hulett.

Illegal settlers invade SA sugar estates in Zimbabwe

2014-05-22 19:17

Villagers and alleged war veterans aligned to Zimbabwe President Robert Mugabe's party have occupied a South African sugar firm's plantations.

Cheap imports hit Hulett's Zim business

2013-11-13 11:25

Cheap sugar imports and weak export prices saw Tongaat Hulett’s Zimbabwean unit Hippo Valley report reduced revenues and profits in its half-year results.

Hulett boosts its Zim profits

2013-05-27 11:36

Tongaat Hulett says its two Zimbabwe operations have generated operating profit of R630m, up from last year's R621m.

Tongaat's Zim woes continue

2012-11-19 09:00

The Zimbabwean government continues to exert pressure on Tongaat Hulett’s operations, despite the company's generous aid to local sugarcane farmers.

Hulett firm under indigenisation threat

2012-10-26 16:21

Zimbabwe’s indigenisation board has given Hippo Valley Estates, owned 53.3% by Tongaat Hulett, less than two weeks to fall in line with its requirements.

Tongaat Hulett lifts earnings, output

2012-05-28 08:00

Tongaat Hulett has reported a nearly 11% rise in full-year earnings, boosted by an increase in sugar output and prices.

Tongaat reports flat earnings

2011-11-14 08:14

Agri-processing business Tongaat Hulett has posted flat first-half earnings and says it expects a 14% increase in sugar output for the year.

JSE weaker amid volatile trade

2011-07-15 10:11

The JSE was soft at its opening on Friday, in line with global sentiment as volatility continued to plague markets amid conflicting data.

Sour and sweet

2011-06-09 00:00

Farming isn’t a line of work where promises are lightly made and it’s with that in mind that Tongaat Hulett CE Peter Staude has, in his own words, “stuck his neck out” to assure investors that production can double over its current financial year.

Sugar farmers get funding

2011-04-12 12:30

The provincial government and Tongaat Hulett have set up a project to assist small sugar farmers in KwaZulu-Natal access funds for expansion.

Renewable chemicals market to surge

2010-12-02 10:43

Frost & Sullivan says its analysis points to rapid growth in the South African renewable chemicals sector in the next six years.

Moz, Zim boost Tongaat

2010-11-08 09:32

Sugar producer Tongaat Hulett, which expects interim headline earnings to rise by 12%, is starting to benefit from production growth in Mozambique and Zimbabwe.

Interest cover: a mixed bag

2010-06-02 15:24

Despite the general declining trend, some companies have managed to reduce their interest bill significantly in relation to their earnings.

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