TONGAAT HULETT NEWS ON FASTMOVING

VENTURES AFRICA – Sugar prices continue to slide in Tongaat Hulett’s (Tongaat) regional markets, CEO Peter Staude, admitted on Wednesday, adding the global prices have been their lowest in several years. read more

JSE-LISTED sugar giant Tongaat Hulett has signed a landmark agreement with the Ingonyama Trust Board (ITB) to develop the sugar sector on tribal land in KwaZulu-Natal. read more

Tongaat Hulett’s Zimbabwean units were in talks with the government in Harare about selling majority stakes to black investors, Wilson Gwatiringa, the head of Zimbabwe’s National Indigenisation and Empowerment Board, said yesterday.  read more

Harare - Tongaat sugar projects have remained a boon for Zimbabwean local farmers, despite the threat of indigenisation by the empowerment ministry.  read more

Tongaat Hulett’s first-half profit rose as production increased and costs declined, the company said yesterday. Net income increased 30 percent to R655 million in the six months to September from a year earlier. read more

Tongaat Hulett's investment in machinery, equipment and crop plants over the past two years has seen the company financially outperform rival Illovo Sugar for the year ended March. read more

Tongaat Hulett grew total profit from its combined operations by 53 percent to exceed R2 billion for the first time, the sugar producer said yesterday in reporting its audited results for the year to March. read more

TWO listed sugar producers issued upbeat trading statements yesterday, saying their March year-end results would be boosted by good rain after two years of drought.  read more

Output at Tongaat Hulett’s Mafambisse sugar mill in Mozambique continued to perform above expectations as the mill produced 19 000 tons more sugar towards the end of the current year than in 2010/11. read more

Tongaat Hulett CEO Peter Staude said SA could reclaim its number one spot as soon as it closed the gap between the hectares under cane and the hectares milled read more

Johannesburg - Sugar producer Tongaat Hulett [JSE:TON] advised on Friday that its headline earnings per share for the half-year ended September 2011 are expected to be 474 cents per share compared with 482c for the six months to September 2010. read more

Johannesburg - Tongaat Hulett, a producer of sugar and starch, on Monday reported a 4% drop in full-year profit, hit by a drought in South Africa, but said it expects earnings to rise in the year ahead. read more