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09-Nov-2018
(C)
09-Nov-2018
(Official Notice)
The trading statement published on 5 October 2018 refers. The Tongaat Hulett Board is now in a position to provide further guidance regarding the financial results for the six months ended 30 September 2018 with reasonable certainty.



Shareholders are advised that Tongaat Hulett?s operating profit is expected to be R530 million, which is 64% below the R1.471 billion recorded in the six months ended 30 September 2017 ("the comparative period"). The decline in operating profit is largely attributable to land transactions that were not concluded by 30 September 2018. Furthermore, local market conditions in the South African and Mozambique sugar operations negatively impacted on both revenue and cane valuations which reduced operating profit.



A headline loss of R87 million is expected for the six months ended 30 September 2018, a decrease of 113% compared to headline earnings of R661 million reported for the comparative period. Consequently, a headline loss per share of 74 cents is expected for the six months ended 30 September 2018, a reduction of 113% compared to headline earnings per share of 574 cents reported for the comparative period. A loss per share of 94 cents is expected for the six months ended 30 September 2018, a reduction of 115% compared to earnings per share of 629 cents reported for the comparative period.



The interim results for the six months ended 30 September 2018 containing the financial statements and results commentary, are scheduled for release this afternoon, Friday 9 November 2018, by 16h00.
05-Oct-2018
(Official Notice)
Shareholders are advised that a reasonable degree of certainty exists that Tongaat Hulett?s operating profit is expected to be at least 40% below the R1.471 billion earned in the six months ended 30 September 2017 (?the comparative period?). The decline in the financial results for this period is attributable to the land conversion and development activities and the sugar operations in South Africa and Mozambique.



In the land conversion and development activities, none of the major transactions currently under negotiation were concluded by 30 September 2018 and only a few transactions (less than one developable hectare in total) were finalised. In South Africa, the negative impact of imported sugar on local market volumes and pricing experienced during the second half of 2017/18, continued into the first half of 2018/19. The upward adjustment to the import duty in August was followed by an increase in local prices in September. In Mozambique, both local and export revenues were affected by a stronger Metical and lower world sugar

prices.



Headline earnings for the six months ended 30 September 2018 is expected to reflect a decrease of at least 60% compared to the R661 million reported for the comparative period. Consequently, headline earnings per share (?HEPS?) and earnings per share (?EPS?) for the six months ended 30 September 2018 are expected to be below 230 cents and 252 cents respectively, a reduction of at least 60% when compared to HEPS of 574 cents and EPS of 629 cents reported for the comparative period.



A further trading statement will be released in due course.



The interim results for the six months ended 30 September 2018 are scheduled for release on Monday, 12 November 2018.
07-Sep-2018
(Official Notice)
Further to the announcement on 6 August 2018 that Mr Peter Staude will retire as Chief Executive Officer (?CEO?) with effect from 31 October 2018, shareholders are advised that Mr Sydney Mtsambiwa has been appointed as the interim CEO with effect from 1 November 2018.



Mr Mtsambiwa will serve as the interim CEO until the Board has finalised the appointment of Mr Staude?s permanent successor, and will carry the full responsibilities and authority of the position of the CEO, participate in and report to the Board.



Mr Mtsambiwa currently oversees Tongaat Hulett?s sugar operations in Zimbabwe and has been the CEO of Hippo Valley Estates Limited since June 1999. He has many years of leadership experience within Tongaat Hulett.
13-Aug-2018
(Official Notice)
In accordance with paragraph 16.20 (g) and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is hereby given that the Company?s B-BBEE certificate in terms of section 13G(2) of the Act has been published and is available on the Company?s website at www.tongaat.com.
08-Aug-2018
(Official Notice)
Shareholders were advised that the results of the Annual General Meeting (AGM) of shareholders held on Wednesday, 8 August 2018, at the Corporate Office, Amanzimnyama, Tongaat.



The proposed ordinary resolution relating to the re-election of Mr MH Munro as a director, as set out in the notice of the AGM, was withdrawn prior to the commencement of the AGM, in line with the SENS issued by the company on 6 August 2018.



The two non-binding advisory votes on the company?s Remuneration Policy and Implementation Report received less than 75% support from shareholders. Accordingly, Tongaat requested shareholders who voted against the non-binding advisory votes or abstained from voting, to provide their details to the Company Secretary at Maditshaba.Mahlari@tongaat.com before 30 August 2018, in order for the Board to arrange engagement with the respective shareholders to ascertain the reasons for their votes.
06-Aug-2018
(Official Notice)
Tongaat announced that Mr Murray Munro will be stepping down as the Chief Financial Officer of the Company and Executive Director of the Board with effect from 7 August 2018. Mr Munro will remain an employee of the Company and will return to the business after an extended medical leave of absence.



Shareholders are advised that Mr Rob Aitken, currently a senior Finance Executive, will assume responsibility as the acting Chief Financial Officer as of 7 August 2018. The Audit and Compliance Committee members are confident that Mr Aitken is well qualified and has the necessary experience and understanding to fulfil this role effectively.
06-Aug-2018
(Official Notice)
Mr Peter Staude, who has reached the age of 65, will retire as Chief Executive Officer (?CEO?) of the Company and Executive Director of the Board with effect from 31 October 2018.



An interim CEO will be appointed while the Board finalises its process to identify Mr Staude?s permanent successor. The interim CEO will be announced shortly and further updates on the succession process will be provided when appropriate.



Mr Staude has agreed to make himself available to the Board and the Company?s senior executives in an advisory capacity after his retirement. This will enable Tongaat Hulett to continue to leverage his experience and expertise.
06-Jul-2018
(Official Notice)
Further to the publication on 28 May 2018 of Tongaat Hulett?s audited results for the year ended 31 March 2018, shareholders are advised that the 2018 integrated annual report, which incorporates the audited financial statements for that period, has been dispatched to shareholders. Tongaat Hulett is not required to publish an abridged report at this date as the audited results that were published on 28 May 2018 are unchanged. The integrated annual report is available on the Tongaat Hulett website www.tongaat.com



Notice is hereby given that the AGM of shareholders will be held at the Corporate Office, Amanzimnyama Hill Road, Tongaat, KwaZulu-Natal on Wednesday 8 August 2018 at 09h00 as set out in the AGM notice. The notice accompanies Tongaat Hulett?s 2018 integrated annual report and is available on the website. The record date on which shareholders must be registered in Tongaat Hulett?s securities register in order to attend, participate and vote at the annual general meeting is Friday, 3 August 2018.

28-May-2018
(C)
17-May-2018
(Official Notice)
26-Apr-2018
(Official Notice)
A reasonable degree of certainty exists that Tongaat Hulett?s operating profit is expected to be at least 15% below the R2.333 billion earned in the year ended 31 March 2017. The South African sugar operations experienced higher than anticipated import volumes into the local market as a result of inadequate duty protection that prevailed for a period. The displaced locally produced sugar was exported in the latter part of the year and was impacted by lower world prices and a stronger currency.



Headline earnings for the year ended 31 March 2018 are expected to reflect a decrease of at least 30% compared to the R982 million reported for the year ended 31 March 2017.



Consequently, earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the year ended 31 March 2018 are both expected to be below 597 cents per share, a reduction of at least 30%, compared to EPS of 854 cents per share and HEPS of 853 cents per share reported for the year ended 31 March 2017.



This trading statement is issued in accordance with paragraph 3.4(b) of the JSE Listings Requirements. The above information has not been reviewed or reported on by Tongaat Hulett?s auditors.



A detailed trading statement will be released in due course.



The audited results for the year ended 31 March 2018 are scheduled for release on Monday, 28 May 2018.
13-Nov-2017
(C)
02-Nov-2017
(Official Notice)
01-Aug-2017
(Official Notice)
Shareholders are advised that all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority of shareholders represented at the annual general meeting of Tongaat held on 1 August 2017.
30-Jun-2017
(Official Notice)
Further to the publication on 29 May 2017 of Tongaat?s audited results for the year ended 31 March 2017, shareholders are advised that the 2017 integrated annual report, which incorporates the audited financial statements for that period, has been dispatched to shareholders. Tongaat is not required to publish an abridged report at this date as the audited results that were published on 29 May 2017 are unchanged. The integrated annual report is available on the Tongaat website www.tongaat.com



Notice is hereby given that the AGM of shareholders will be held at the Corporate Office, Amanzimnyama Hill Road, Tongaat, KwaZulu-Natal on Tuesday 1 August 2017 at 09h00 as set out in the AGM notice. The notice accompanies Tongaat?s 2017 integrated annual report and is available on the website.
29-May-2017
(C)
Revenue for the year increased to R17.9 billion (2016: R16.7 billion). Operating profit increased to R2.3 billion (2016: R1.7 billion), while profit attributable to shareholders of Tongaat increased to R983 million (2016: R716 million). Furthermore, headline earnings per share fell to 852.7 cents per share (2016: 588 cents per share).



Dividend

Notice is hereby given that the board has declared a final gross cash dividend (number 179) of 200 cents per share for the year ended 31 March 2017 to shareholders recorded in the register at the close of business on Friday 23 June 2017.



Prospects

Tongaat Hulett?s profit for the 2017/18 year will continue to be influenced by a number of substantial and varying dynamics, both positive and negative. Overall, there is a positive outlook for the full year with earnings growth expected to continue and the cash flow momentum expected to be maintained. Tongaat Hulett strives to be a proactive and resilient organisation working in collaboration with all its stakeholders in a focused, constructive, mutual value-adding and developmental manner. It has operations in six countries in SADC, significant sugar cane and maize processing facilities, a unique land conversion platform, a sizeable animal feeds thrust and possibilities to further grow ethanol and electricity generation.







19-May-2017
(Official Notice)
10-Mar-2017
(Official Notice)
Tongaat Hulett?s sugar production is expected to grow significantly over the next two years, in the recovery from drought conditions of the past two years. The starch operations will benefit from the recovery in the South African maize crop, which is currently estimated at 13.9 million tons compared to the previous crop of 7.8 million tons. Information related to the expected recovery is available on the website www.tongaat.com.

14-Nov-2016
(C)
08-Nov-2016
(Media Comment)
According to Business Report Tongaat Hulett has said it was going to invest R50 billion in the next 15 years in the development of Sibaya Coastal Precinct in a move to that would boost the local economy and create jobs. Tongaat Hulett's chief executive, Peter Staude said that the investment had been backed by the Kwazulu-Natal provincial government.
04-Nov-2016
(Official Notice)
27-Jul-2016
(Official Notice)
Shareholders are advised that all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority of shareholders represented at the annual general meeting of Tongaat Hulett held on 27 July 2016.
30-Jun-2016
(Official Notice)
Further to the publication on 30 May 2016 of Tongaat Hulett?s audited results for the year ended 31 March 2016, shareholders are advised that the 2016 integrated annual report, which incorporates the audited financial statements for that period, has been dispatched to shareholders. Tongaat Hulett is not required to publish an abridged report at this date as the audited results that were published on 30 May 2016 are unchanged. The integrated annual report is available on the Tongaat Hulett website www.tongaat.com



Notice is hereby given that the annual general meeting (AGM) of shareholders will be held at the Corporate Office, Amanzimnyama Hill Road, Tongaat, KwaZulu-Natal on Wednesday 27 July 2016 at 09h00 as set out in the AGM notice. The notice accompanies Tongaat Hulett?s 2016 integrated annual report and is available on the website.



The record date on which shareholders must be registered in Tongaat Hulett?s securities register in order to attend, participate and vote at the annual general meeting is Friday, 22 July 2016.
30-May-2016
(C)
20-May-2016
(Official Notice)
16-Nov-2015
(C)
Revenue for the six months dropped to R7.6 billion (2014: R8.1 billion). Operating profit decreased to R1.4 billion (2014: R1.5 billion) and profit attributable to shareholders declined to R701 million (2014: R800 million). Furthermore headline earnings per share narrowed to 584.8cps (2014: 677.2cps).



Dividend

Notice is hereby given that the Board has declared an interim gross cash dividend (number 176) of 170 cents per share for the half-year ended 30 September 2015 to shareholders recorded in the register at the close of business on Friday 29 January 2016.



Outlook

Tongaat Hulett has substantially enhanced its strategic positioning over the past few years and will continue to do so, focusing on multiple strategic thrusts, all with a positive impact on earnings and cash flow, through the various cycles that the business experiences. The financial results for the current full year continue to be influenced by a number of substantial and varying dynamics, both negative and positive, and the full impact is difficult to predict at this stage.

04-Nov-2015
(Official Notice)
29-Jul-2015
(Official Notice)
Shareholders are advised that all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority of shareholders represented at the annual general meeting of Tongaat Hulett held on 29 July 2015.
30-Jun-2015
(Official Notice)
Further to the publication on 25 May 2015 of Tongaat Hulett?s audited results for the year ended 31 March 2015, shareholders are advised that the 2015 integrated annual report, which incorporates the audited financial statements for that period, has been dispatched to shareholders. Tongaat Hulett is not required to publish an abridged report at this date as the audited results that were published on 25 May 2015 are unchanged. The integrated annual report is available on the Tongaat Hulett website www.tongaat.com



Notice is hereby given that the annual general meeting (AGM) of shareholders will be held at the Corporate Office, Amanzimnyama Hill Road, Tongaat, KwaZulu-Natal on Wednesday 29 July 2015 at 09h00 as set out in the AGM notice. The notice accompanies Tongaat Hulett?s 2015 integrated annual report and is available on the website.



The record date on which shareholders must be registered in Tongaat Hulett?s securities register in order to attend, participate and vote at the AGM is Friday, 24 July 2015. The last day to trade in order to be entitled to vote at the AGM will therefore be Friday, 17 July 2015.
26-May-2015
(Official Notice)
Tongaat Hulett announced the appointment of Dr Tomaz Augusto Salom?o as an independent non-executive director to the Board, with effect from 25 May 2015.
25-May-2015
(C)
Revenue for the year increased to R16.2 billion (2014: R15.7 billion). Operating profit lowered to R2.1 billion (2014: R2.4 billion), while profit attributable to shareholders of Tongaat decreased to R989 million (2014: R1.2 billion). Furthermore, headline earnings per share fell to 826.1 cents per share (2014: 990.5 cents per share).



Dividend

The Board has declared a final gross cash dividend (number 175) of 210 cents per share for the year ended 31 March 2015 to shareholders recorded in the register at the close of business on Friday 19 June 2015.



Financial Prospects for the Year Ahead

The financial results for the year ahead will be influenced by a number of varying dynamics, the magnitude and impact of which are difficult to predict at this stage. It is likely that the sugar operations will remain under pressure, particularly in South Africa. Land development could have a record year. Starch volumes, mix, cost and exchange rate dynamics are likely to counter maize prices being closer to import parity.



The business is in a good position to benefit from multiple actions across all of its well-grounded strategic thrusts, with its footprint in six SADC countries, its ability to process both sugar cane and maize, electricity generation and ethanol opportunities and increased momentum in land conversion.
05-May-2015
(Official Notice)
02-Feb-2015
(Official Notice)
Shareholders are advised that Mr Adriano Maleiane who has been an independent non-executive director of Tongaat since 2009, has been appointed as Minister of Economy and Finance in Mozambique. As a result of this key appointment, Mr Maleiane has had to tender his resignation as a director of Tongaat with effect from 1 February 2015.
10-Nov-2014
(C)
30-Jul-2014
(Official Notice)
Shareholders are advised that all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority of shareholders represented at the annual general meeting of Tongaat Hulett Limited held on 30 July 2014.
24-Jul-2014
(Media Comment)
According to Business Report, Tongaat Hulett will invest UDS2million to assist sugar farmers in Zimbabwe to boost production. The company aims to lift its output at mills to about 610 000 tons a year. Increasing local production is key to fighting imports
02-Jul-2014
(Official Notice)
30-Jun-2014
(Official Notice)
Further to the publication on 26 May 2014 of Tongaat Hulett?s audited results for the year ended 31 March 2014, shareholders are advised that the 2014 integrated annual report, which incorporates the audited financial statements for that period, has been dispatched to shareholders. Tongaat Hulett is not required to publish an abridged report at this date as the audited results that were published on 26 May 2014 are unchanged. The integrated annual report is available on the Tongaat Hulett website www.tongaat.com



Notice is hereby given that the annual general meeting of shareholders will be held at the Corporate Office, Amanzimnyama Hill Road, Tongaat, KwaZulu-Natal on Wednesday 30 July 2014 at 09h00 as set out in the annual general meeting notice. The notice accompanies Tongaat Hulett?s 2014 integrated annual report and is available on the website.



The record date on which shareholders must be registered in Tongaat Hulett?s securities register in order to attend, participate and vote at the annual general meeting is Friday, 18 July 2014. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 11 July 2014.
18-Jun-2014
(Official Notice)
Tongaat Hulett announce the appointment of Mr Stephen Beesley as an independent non-executive director to the board, with effect from 17 June 2014.

26-May-2014
(Official Notice)
Tongaat's results for the year ended 31 March 2014 have been released on SENS and are available on the company website. The presentation that will be made to the investment community and an information pack with key data relevant to Tongaat have been posted on the website www.tongaat.com
26-May-2014
(C)
23-May-2014
(Official Notice)
Tongaat Hulett hereby announces that JB Magwaza will retire as Chairman and Director of Tongaat Hulett at the conclusion of the Annual General Meeting on 30 July 2014. The board is pleased to announce that Bahle Sibisi has been appointed as Non-executive Chairman with effect from 30 July 2014.



The board has appointed Jenitha John, who is an Independent Non-executive Director on the board and currently Chairman of the Audit Committee, as Lead Independent Director as required by the JSE Listings Requirements and in accordance with the King Code, in situations where the Chairman of the Board is not independent. This appointment is also with effect from 30 July 2014.
05-Feb-2014
(Official Notice)
In the announcement of the interim results for the financial half year ended 30 September 2013, as released on SENS on 11 November 2013 and published in the press on 12 November 2013, ordinary shareholders ("shareholders") were notified of the payment of a scrip distribution or, as an alternative, an entitlement to elect a gross cash dividend of 150 cents per ordinary share ("the cash dividend alternative").



Shareholders were notified on SENS on 17 January 2014 and in the press on 20 January 2014 of the scrip distribution ratio of 1.35344 new ordinary shares per every 100 ordinary shares held, which was determined in the ratio that 150 cents multiplied by a factor of 1.05 bears to 11 637 cents (R116.37), being the volume weighted average price of ordinary shares on the JSE during the 30-day trading period ended on 16 January 2014.



The cash dividend alternative entitled shareholders, in respect of all or part of their shareholding, to elect a gross cash dividend of 150 cents per ordinary share in lieu of the scrip distribution, which was payable only to those shareholders who elected the cash dividend, in respect of all or part of their shareholding, on or before 31 January 2014. Shareholders holding 22 351 143 ordinary shares elected the cash dividend alternative, which will result in a total gross cash dividend of R33 526 714.50 out of profits. In respect of the remaining 86 296 557 ordinary shares currently in issue, 1 167 930 fully paid ordinary shares of R1 each will be issued to shareholders in terms of the scrip distribution, which will result in a capitalisation out of the share premium account of R1 167 930.



Ordinary share certificates and dividend cheques, where applicable, will be posted to certificated shareholders at their risk and the Central Securities Depositary Participant/broker accounts of dematerialised shareholders will be credited/updated on Thursday, 6 February 2014.
17-Jan-2014
(Official Notice)
Further to the announcement of the interim results for the half year ended 30 September 2013, as released on SENS of the JSE Ltd. ("JSE") on 11 November 2013 and published in the press on 12 November 2013, in which ordinary shareholders were notified of the payment of a scrip distribution with a cash dividend alternative, shareholders are hereby advised that the volume weighted average price of ordinary shares on the JSE during the 30- day trading period ended on Thursday, 16 January 2014 was 11 637 cents (R116.37) per share.



Accordingly, the number of ordinary shares to which shareholders participating in the scrip distribution will be entitled is determined in the ratio that 150 cents multiplied by a factor of 1.05 bears to 11 637 cents, which equates to 1.35344 new ordinary shares per every 100 ordinary shares held on the record date, being Friday, 31 January 2014. Please note that ordinary shares to be issued in terms of the scrip distribution may not be traded until Thursday, 30 January 2014.



Shareholders who wish to receive the cash dividend alternative (a gross cash dividend of 150 cents per ordinary share) must elect to do so by 12:00 (10:00 UK time) on Friday, 31 January 2014, in accordance with the provisions of the circular and form of election which was posted to shareholders on Friday, 10 January 2014. No action is required if you wish to receive the scrip distribution. A further announcement, in respect of the results of the scrip distribution, will be made on or about Wednesday, 5 February 2014.
04-Dec-2013
(Official Notice)
Tongaat Hulett will release 42 of the remaining 62 hectares of Ridgeside, its iconic development on Umhlanga Ridge, to the market as a single transaction in the first quarter of 2014. Located on the prime sea-facing slopes of Umhlanga Ridge, Durban?s first choice office location and one of the leading property investment opportunities available, the site is fully zoned to accommodate 485 000 square metres of mixed use floor area comprising 83 817 square metres of commercial space (offices, retail and other commercial uses) and 3 158 residential units (including hotel and other leisure uses).



Durban has been constrained relative to other major centres in prime real estate investment during recent years and the strategy is to accelerate the pace of development in collaboration with other role players. Since the commencement of land conversion on Umhlanga Ridge seventeen years ago, the node has attracted over R50 billion in real estate investment, while currently 164 000 square metres of development, representing more than R3,6 billion investment value is under construction.
11-Nov-2013
(Official Notice)
11-Nov-2013
(C)
Revenue increased to R7.9 billion (R7.4 billion). Operating profit rose to R1.4 billion (R1.3 billion). Net attributable profit was higher at R708 million (R656 million). In addition, headline earnings per share fell to 592.1cps (605.2cps).



Dividend

An interim dividend of 150cps has been declared (150cps) in the form of a scrip distribution with a cash alternative. There is a separate detailed announcement on the scrip distribution and the related circular will be posted to shareholders.



Outlook

Tongaat is in a good position to benefit from multiple actions taken across a wide front, with its footprint in six SADC countries, its ability to process both sugar cane and maize, renewable energy opportunities and increased momentum in land conversion.
04-Nov-2013
(Official Notice)
The following trading statement is issued for the six months to 30 September 2013.



Headline earnings are expected to increase by 1.2% to R663 million for the half-year, compared to the R655 million earned in the same period last year. Headline earnings per share for the half-year are expected to be 592 cents per share (2012: 605 cents per share) while total net profit per share is expected to be 632 cents per share (2012: 606 cents per share).



Operating profit is expected to be R1 381 billion (2012: R1 290 billion), a 7% increase. The following are the major elements:

* Operating profit from the various sugar operations totalling R684 million (2012: R967 million): The sugar operations are experiencing the pressure of significantly lower international sugar prices, particularly for exports into the European Union, as well as experiencing the impact of increased imports into the local Southern African markets. This has affected the revenue earned and has led to the consequential reduction in the standing cane valuation. The pricing pressures have added impetus to the drive to reduce costs of sugar production, with substantial reductions being achieved in the current season. Unit costs of production are also benefitting as volumes grow. Tongaat overall sugar production is continuing to increase this season and is expected to be at the highest level in the past 10 years.

* Profit from the land conversion and development operations increasing to R512 million (2012: R246 million), with sales in the Cornubia and Umhlanga areas and a major sale of land near the international airport, north of Durban.

* Profit from the starch operations amounting to R232 million (2012: R147 million): Starch and glucose margins benefitted from local maize costs being close to international prices with good co-product realisations.

* A net charge of R47 million is expected to be reflected for the centrally accounted and consolidation items (2012: R70 million charge).



The interim results for the half-year ended 30 September 2013 are scheduled for release on Monday, 11 November 2013.
08-Aug-2013
(Official Notice)
Shareholders are advised that Bruce Dunlop will be retiring from the company on the 31st August 2013 and at the same time resign from the Tongaat Hulett Board.
31-Jul-2013
(Official Notice)
Shareholders were advised that all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority of shareholders represented at the annual general meeting of Tongaat held on 31 July 2013.
31-Jul-2013
(Official Notice)
28-Jun-2013
(Official Notice)
Further to the publication on 24 May 2013 of Tongaat's audited results for the year ended 31 March 2013, shareholders are advised that the 2013 integrated annual report, which incorporates the audited financial statements for that period, has been dispatched to shareholders. Tongaat is not required to publish an abridged report at this date as the audited results that were published on 24 May 2013 are unchanged. The integrated annual report is available on the Tongaat website www.tongaat.com.



AGM notice

Notice is given that the annual general meeting of shareholders will be held at the Corporate Office, Amanzimnyama Hill, Tongaat, on Wednesday 31 July 2013 at 09h00 as set out in the annual general meeting notice. The notice accompanies Tongaat's 2013 integrated annual report and is available on the website. The record date on which shareholders must be registered in Tongaat's securities register in order to attend, participate and vote at the annual general meeting is Friday, 19 July 2013. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 12 July 2013.
24-May-2013
(C)
16-May-2013
(Official Notice)
Headline earnings are expected to increase by 18.7% to R1.058 billion for the year, compared to the R891 million earned last year. Headline earnings per share for the year are expected to be 959 cents per share (2012: 838 cents per share), a 14.4% increase.



Profit from operations is expected to increase by 11,7% to R2.145 billion (2012: R1.921 billion), with the following major elements: Profit from the starch operations amounting to R388 million (2012: R363 million). Profit from the land conversion and development operations increasing to R350 million (2012: R215 million), with sales mainly in the Cornubia industrial and Umhlanga Ridge areas. The various sugar operations are expected to generate operating profit of R1.435 billion (2012: R1,428 billion). Tongaat's total sugar production increased by 9% to 1.254 million tons. The major production increase this year was in Zimbabwe, following the 42% increase in sugar production in Mozambique in the previous season. In South Africa, sugar production was, inter alia, impacted by the national transport strike followed by unusually heavy rains in the last three months of the crushing season and production levels remained at the same level as last year. A net charge of R28 million is expected to be reflected on the centrally accounted and consolidation items (2012: R85 million charge).
10-Jan-2013
(Media Comment)
Business Day reported that although negotiations for the indigenisation of Tongaat's Zimbabwean units are yet to be completed, officials have commented that a deal may soon be reached as President Robert Mugabe's Zanu (PF) party steps up its crackdown to have foreign firms cede majority shares to local Zimbabweans ahead of elections in 2014. Reports suggest that Tongaat has submitted its indigenisation compliance plan to the Zimbabwean government and talks continue between the two parties.
12-Nov-2012
(C)
Revenue increased to R7.4 billion (R6 billion).Operating profit rose to R1.3 billion (R1 billion). Net attributable profit grew to R655 million (R505 million). In addition, headline earnings per share increased to 604.3cps (473.6cps).



Dividend

An interim ordinary dividend of 150cps has been declared.



Outlook

Building on its current increasing momentum as it increases sugar cane supplies, Tongaat Hulett is now examining how much above 2 million tons per annum it could grow its sugar production from its existing mills. This would include maximising production rates and up-times in the mills, extending the length of the milling season and debottlenecking at a moderate cost. Unit costs will benefit substantially from increasing volumes and yields, as milling costs and many of the agricultural costs per hectare are mostly fixed.



Tongaat Huletts financial results remain sensitive to movements in exchange rates, which impact particularly on export realisations and the conversion of profits from Zimbabwe and Mozambique into Rands. The future revenue stream would benefit significantly from electricity and ethanol developments. Tongaat Hulett continues to interface with Government towards establishing an appropriate regulatory framework for both electricity generation and ethanol production from sugar cane.
31-Oct-2012
(Official Notice)
The following trading statement is issued for the half- year to 30 September 2012. Headline earnings are expected to increase by 30.5% to R654 million for the six months, compared to the R501 million earned in the same period last year. Headline earnings per share for the half-year are expected to be 604 cents per share (six months to September 2011: 474 cents per share), a 27.4% increase. Tongaat's revenue is expected to grow by 23% to R7.398 billion for the half-year (2011: R6.027 billion).



Profit from operations is expected to increase by 25% to R1.313 billion (2011: R1.047 billion), with the following major elements: Profit from the starch operations amounting to R147 million (2011: R167 million). Profit from the land conversion and development operations increasing to R244 million (2011: R62 million), with sales mainly in the Cornubia industrial and Umhlanga Ridge areas. The various sugar operations are expected to generate operating profit of R969 million (2011: R857 million). Tongaat is benefiting from higher sugar production volumes with the related reduction in the unit cost of production, against the background of general margin pressure in the relationship of selling price movements versus higher input costs. The major production increase this year is in Zimbabwe, following the 42% increase in sugar production in Mozambique in the previous season and in South Africa, a further widening of the gap between the hectares under cane and the hectares milled. A net charge of R47 million is expected to be reflected on the centrally accounted and consolidation items (2011: R39 million charge).



The interim results for the half-year ended 30 September 2012 are scheduled for release on Monday, 12 November 2012.
10-Sep-2012
(Media Comment)
According to Business Day, Tongaat's 50.3% owned Zimbabwe sugar operation, Hippo Valley, is looking forward to higher sugar cane output of 90 tons a hectare in the next few years. private farmers and other independent suppliers planted an extra 1 914 hectares in the past year. An analyst at IH Securities, Dzikamai Danha, said in a recent report on the company that the improving cane yields are expected to boost Hippo Valley's earnings before, interest, taxes, depreciation and amortisation (EBITDA).
27-Jul-2012
(Official Notice)
Shareholders are advised that all the resolutions set out in the notice of annual general meeting were passed by the requisite majority of shareholders represented at the annual general meeting of Tongaat held on 27 July 2012. Mr Mac Mia retired as an independent non-executive director at the annual general meeting held on 27 July 2012.
28-Jun-2012
(Official Notice)
Further to the publication on 28 May 2012 of Tongaat's audited results for the year ended 31 March 2012, shareholders were advised that its 2012 integrated annual report, which incorporates the audited financial statements for that period, has been dispatched to shareholders. Tongaat is not required to publish an abridged report at this date as the audited results that were published on 28 May 2012 are unchanged. The integrated annual report is available on the Tongaat website www.tongaat.com.



Notice was given that the annual general meeting of shareholders will be held at the Corporate Office, Amanzimnyama Hill, Tongaat, on Friday 27 July 2012 at 09h00 as set out in the annual general meeting notice. The notice accompanies Tongaat's 2012 integrated annual report and is available on the website.



The record date on which shareholders must be registered in Tongaat's securities register in order to attend, participate and vote at the annual general meeting is Friday, 20 July 2012. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 13 July 2012.
28-May-2012
(C)
16-May-2012
(Official Notice)
21-Nov-2011
(Media Comment)
According to Business Report, Tongaat Hulett would spend up to R2.8 billion over the next two and a half years on electricity generation projects, the agri-processing firm said last week. The company has committed between R10 million and R15 million to the project in this financial year. "it is difficult to predict how much will be committed next year as it depends on when the formal procurement process gets under way. Each of the mill projects will cost between R2.2 billion and R2.8 billion, and take about 30 months for construction,? said Nico Kruger, the renewable energy executive at Tongaat Hulett. The plan was still in its development phase and could lead to the creation of between 500 and 1000 jobs during the 30 month construction period. Once a plant was up and running, 23 000 new jobs would be created and a further20 000 jobs that were at risk over the next five years could be protected.
18-Nov-2011
(Media Comment)
Business Report noted that Tongaat's Zimbabwean unit, Hippo Valley Estates ("Hippo Valley"), saw its profit rise 78% to USD13.7 million in the six months to September 2011. Hippo Valley's revenue was up by 70% to USD70 million and the unit expects sugar production to increase from 131 000 in 2010 to 165 000 in 2011.
16-Nov-2011
(Official Notice)
A presentation on Tongaat, to the investment community, following the release of the company's half-year results, has been posted on the website www.tongaat.com.
14-Nov-2011
(C)
04-Nov-2011
(Official Notice)
Earlier today, the Vice President of Zimbabwe, the Honourable Joice Mujuru, the Governor - Resident Minister of Masvingo Province, the Honourable Titus Maluleke, Tongaat Hulett CEO, Mr Peter Staude, Tongaat Hulett Zimbabwe Managing Director, Mr Sydney Mtsambiwa, BancABC CEO, Mr Hashmon Matemera and the EU Ambassador to Zimbabwe, Mr Aldo DELL`ARICCIA joined the sugar cane Farmer Associations` leadership and approximately 1 000 members of the Chiredzi District community in the Lowveld of Zimbabwe on a tour of the Successful Rural Sugar Cane Farming Community Project (SusCo), underway in Zimbabwe.



The goal of the SusCo Project is to facilitate private farmers, with the support and expertise of Tongaat Hulett, to increase their supply of sugar cane to 1,4 million tons (equivalent to 180 000 tons sugar) from the current 488 000 tons sugarcane (equivalent to 61 000 tons sugar). The project will re-establish the farmer sugar cane production area from its current 9 100 hectares to 15 880 hectares with an anticipated improvement in yields from 54 tons cane per hectare (tcph) to at least 90 tcph. The direct beneficiaries of the project include some 872 sugar cane Farmers from the Hippo Valley, Triangle and Mkwasine Mill Group areas.



As a result of the project, the number of people employed by the private Farmers will increase from approximately 3 600 employees, currently employed, to some 6 300 employees. The revenues arising from the growth in farmer sugar cane production will increase from USD29 million to USD86 million, at current prices. BancABC in Zimbabwe is to provide funding through the establishment of a 4-year revolving US$20 million financing scheme for the sugar cane farmers.
04-Nov-2011
(Official Notice)
Tongaat's revenue increased by 27.6% to R6 027 billion for the half-year (2010: R4 724 billion). Profit from operations is expected to increase to R1 047 billion (2010: R963 million). Excluding the R130 million gain in the prior period in respect of the pension fund employer surplus account allocation, the increase in profit from operations is 25.7%.



The profit from operations includes profit from the Mozambique sugar operations of R267 million (2010: R163 million), the Zimbabwe sugar operations of R364 million (2010: R303 million), the South African agriculture, milling and refining operations of R54 million (2010: R47 million) and the various other sugar and downstream activities of R172 million (2010: R155 million). Profit from the starch operations amounts to R167 million (2010: R125 million) and profit from the land conversion and development operations is R62 million (2010: R97 million). A net charge of R39 million is reflected on the centrally accounted and consolidation items (2010: a net gain of R73 million). Total net profit, before minority interests, is expected to be R597 million for the six months to 30 September 2011 (2010: R552 million). Headline earnings are expected to be R501 million for the half-year, compared to the R507 million earned in the same period last year. Headline earnings per share for the half-year are expected to be 474 cents per share (six months to September 2010: 482 cents per share).



Tongaat's total sugar production for the 2011/12 year is expected to increase by some 14% above the 1 million tons produced in 2010/11, with more than 80% of the season's cane having been milled by the end of October 2011. In South Africa, sugar production is expected to be some 8% above that of last year. The gap between the hectares under cane and the hectares milled is unusually large, inter alia, as a result of the significant cane root planting following last year's drought and the 15 months required to first harvest. Sugar production for the year in Zimbabwe is expected to be 10% above last year and in Mozambique should increase by some 45%. The interim results for the half-year ended 30 September 2011 are scheduled for release on Monday, 14 November 2011.
03-Aug-2011
(Official Notice)
Tongaat Hulett announce the appointment of Mr Brand Pretorius as an independent non-executive director to the board, with effect from 3 August 2011.

29-Jul-2011
(Official Notice)
Shareholders are advised that all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority of shareholders represented at the annual general meeting of Tongaat held on 29 July 2011. The special resolutions will be filed with the Companies and Intellectual Property Commission. Mr R H J Stevens retired as an independent non-executive director at the annual general meeting on 29 July 2011, having reached the mandatory retirement age in terms of the company's articles of association.
29-Jun-2011
(Official Notice)
Further to the publication on 30 May 2011 of Tongaat's audited results for the year ended 31 March 2011, shareholders were advised that its 2011 integrated annual report, which incorporates the audited financial statements for that period, has been dispatched. Tongaat is not required to publish an abridged report at this date as the audited results that were published on 30 May 2011 are unchanged. The annual report is available on the Tongaat website www.tongaat.co.za. Notice was given that the annual general meeting of shareholders will be held at the Corporate Office, Amanzimnyama Hill, Tongaat, on Friday 29 July 2011 at 09h00 as set out in the annual general meeting notice. The notice accompanies Tongaat's 2011 integrated annual report and is available on the website.
30-May-2011
(C)
16-May-2011
(Official Notice)
10-Mar-2011
(Official Notice)
Shareholders are advised that Dr Vincent Maphai has resigned as an independent non-executive director of Tongaat Hulett with effect from 8 March 2011.
12 Jan 2011 14:21:44
(Official Notice)
Tongaat's latest international investor roadshow presentation, to be used over the forthcoming weeks, is available on the website www.tongaat.co.za. It includes details of the completed sugar production for the 2010/11 season.
17 Dec 2010 10:17:15
(Official Notice)
Tongaat announced the achievement of an important milestone in the area of transformation when it was confirmed that the company had attained a level two contributor status in terms of the Broad Based Black Economic Empowerment (B- BBEE) Codes of Good Practice. This status will ensure that Tongaat customers are able to claim 156% (level two weighting of 125% x 1,25% for achieving a value adding status as a company) of spend with the company towards their own empowerment rating.
15 Nov 2010 08:04:07
(C)
08 Nov 2010 08:29:22
(Official Notice)
Tongaat issued the following voluntary trading statement for the half-year to 30 September 2010. Headline earnings are expected to increase by 12% to R507 million for the half-year to 30 September 2010, compared to the R452 million earned in the same period last year. Headline earnings per share for the half-year are expected to be 482 cents per share (six months to September 2009: 438 cents per share), an increase of 10%. Net profit per share is also expected to reflect an increase of approximately 10%.



The past six months have been characterised by counteractive factors. Tongaat is starting to benefit from the targeted sugar production growth in Mozambique and Zimbabwe. Sugar production in South Africa has been affected by the most severe drought since the mid 1990's negating the hectares under cane supplying Tongaat's mills increasing by some 2 000 hectares. European and world sugar prices were favourable. In Mozambique, local sugar prices have not kept pace with the weakening of the metical. Exchange rates have been less favourable than in the corresponding six months in 2009. In the current economic climate, the sale of development land remained depressed. The interim results for the half year ended 30 September 2010 are scheduled for release on Monday, 15 November 2010.
23 Aug 2010 08:01:46
(Media Comment)
Business Day reported that, Tongaat Hulett and the KwaZulu-Natal department of economic development and tourism have started a project to establish 2500 small or medium-sized cane growers through the planting of 3534ha of cane over three years. The department will contribute R46.7 million. Tongaat would put in R10.1 million and indirectly contribute more than R20 million through technical, managerial and logistical support over the period, CEO Peter Staude said.
27 Jul 2010 15:20:59
(Official Notice)
Shareholders are advised that all the resolutions set out in the notice of annual general meeting were passed by the requisite majority of shareholders represented at the annual general meeting of Tongaat Hulett Ltd held on 27 July 2010. The special resolution is being submitted for registration at the Companies and Intellectual Property Registration Office.

21 Jul 2010 11:15:08
(Official Notice)
In the announcement of the results for the financial period ended 31 March 2010, as released SENS on 28 May 2010 and published in the press on 31 May 2010, shareholders were notified of the payment of a scrip distribution or an entitlement to elect to receive a cash dividend of 175 cents per ordinary share ("the cash dividend alternative"). Subsequently, as released on SENS on 2 July 2010 and published in the press on 5 July 2010, shareholders were furthermore notified of the scrip distribution ratio of 1.76360 new ordinary shares per every 100 ordinary shares held, which was determined in the ratio that 175 cents multiplied by a factor of 1.05 is relative to 10419 cents (R104.19), being the volume weighted average price of ordinary shares on the JSE during the 22-day trading period ended on 1 July 2010.



The cash dividend alternative entitled shareholders, in respect of all or part of their shareholding, to elect to receive a cash dividend of 175 cents per ordinary share in lieu of the scrip distribution, which was payable only to those shareholders who elected to receive the cash dividend, in respect of all or part of their shareholding, on or before 16 July 2010. Shareholders holding 39 343 037 ordinary shares elected to receive the cash dividend alternative, which will result in a total cash dividend of R68 850 314.75 being paid out of profits. In respect of the remaining 64 334 192 ordinary shares currently in issue, 1 134 530 fully paid ordinary shares of R1, 00 each will be issued to shareholders in terms of the scrip distribution, which will result in a capitalisation out of the share premium account of R1 134 530. Share certificates and dividend cheques, where applicable, will be posted to certificated shareholders at their risk and the Central Securities Depositary Participant/ broker accounts of dematerialised shareholders will be credited/ updated on Thursday, 22 July 2010.
02 Jul 2010 11:24:37
(Official Notice)
Further to the announcement of the results for the financial period ended 31 March 2010, as released on SENS on 28 May 2010 and published in the press on 31 May 2010, in which shareholders were notified of the payment of a scrip distribution, shareholders are hereby advised that the volume weighted average price of ordinary shares on the JSE during the 22-day trading period ended on Thursday, 1 July 2010 was 10 419 cents (R104.19) per share. Accordingly, the number of ordinary shares to which shareholders participating in the scrip distribution will be entitled, is determined in the ratio that 175 cents multiplied by a factor of 1.05 bears to 10 419 cents which equates to 1.76360 new ordinary shares per every 100 ordinary shares held. Ordinary shares to be issued in terms of the scrip distribution will be listed and, accordingly, tradeable from Thursday, 15 July 2010.



Shareholders who wish to receive the cash dividend alternative of 175 cents per ordinary share must elect to do so by 12:00 (11:00 UK time) on Friday, 16 July 2010, in accordance with the provisions of the circular and form of election which was posted to shareholders on 18 June 2010. No action is required if you wish to receive the scrip distribution. A further announcement, in respect of the results of the scrip distribution, will be made on or about Friday, 23 July 2010.
30 Jun 2010 16:49:14
(Official Notice)
Further to the publication on 28 May 2010 of Tongaat Hulett's audited results for the 15 months ended 31 March 2010, shareholders are advised that its 2010 annual report, which incorporates the audited financial statements for that period, has been dispatched. Tongaat Hulett is not required to publish an abridged report at this date as the audited results that were published on 28 May 2010 are unchanged. The annual report is available on the Tongaat Hulett website. Notice is hereby given that the annual general meeting of shareholders will be held at the Corporate Office, Amanzimnyama Hill, Tongaat on Tuesday 27 July 2010 at 09h00 as set out in the annual general meeting notice. The notice accompanies Tongaat Hulett's 2010 annual report and is available on the website.
31 May 2010 08:59:00
(Media Comment)
Business Report indicated that Tongaat Hullet lifted profit from operations by 28% to R1.6 billion in the 15 months to March and is looking to lift its sugar production by up to 25% in the coming year. Tongaat chief executive Peter Staude said that the business was driving to increase sugar production 957000 tons milled in the 2009/10 to R1.9 million tons a year in the next three years. Zimbabwe and Mozambique are likely to lead planned growth.
28 May 2010 08:55:11
(Official Notice)
28 May 2010 08:46:48
(C)
27 May 2010 15:32:41
(Official Notice)
24 May 2010 09:35:36
(Official Notice)
Shareholders are advised that Mrs Hixonia Nyasulu, having served on the Tongaat Hulett board for the past ten years and deciding to create an opportunity for succession, has communicated her intention to resign from the board with effect from the annual general meeting on 27 July 2010. In advance of her resignation, Tongaat Hulett announced the appointment of Ms Thandeka Mgoduso as a non-executive director to the board, with effect from 21 May 2010.
14 May 2010 08:09:59
(Official Notice)
Tongaat Hulett's financial year-end has changed to 31 March in the current reporting period. Headline earnings for the 15 months to 31 March 2010 are expected to be between R840 million and R860 million, which is 34% to 38% above the corresponding previous 15 month period. Headline earnings per share are expected to reflect an increase by a similar percentage. Tongaat Hulett's profit from operations for the 15 months to 31 March 2010 is expected to be between R1.650 billion and R1.700 billion, which is 25% to 29% above the corresponding previous 15 month period. As reported in the interim results for the six months to 30 June 2009 and the twelve months to 31 December 2009, the Zimbabwe operations are now consolidated in Tongaat Hulett's financial results. The accounting treatment in terms of IFRS on the commencement of consolidation of the Zimbabwe operations gave rise to a balance sheet take-on gain of R1.969 billion, which is recognised in the income statement. This gain is excluded from profit from operations and headline earnings. It is included in total net profit. Total net profit for the 15 months is expected to be approximately R3.000 billion, with net profit per share being approximately 2800 cents per share.
02 Mar 2010 12:54:53
(Official Notice)
Shareholders are advised that a presentation to investors and analysts by Tongaat Hulett, following the release of its latest financial results, is available on the company's website www.tongaat.co.za.
01 Mar 2010 08:12:22
(C)
Revenue increased to R9.1 billion from R7.1 billion in 2008. Profit from operations grew by 37% to R1.5 billion from R1.1billion. Profit attributable to ordinary shareholders increased to R2.9 billion (2008:R649 million). In addition, headline earnings per share grew to 812.1cps (2008: 565.6cps).



Dividend

The final dividend declaration will coincide with the financial year-end of 31 March 2010.



Prospects

Tongaat Hulett's financial year-end has changed to 31 March, with effect from the current financial year. A March year-end corresponds with the sugar season in all the countries in which Tongaat Hulett operates. This is increasingly significant with the growth in the agriculture and agri-processing components of the business. Audited results will be published for the 15 months ending 31 March 2010. The final dividend declaration will coincide with the financial year-end of 31 March 2010. The financial results for the 15 months to 31 March 2010 will include the revenue from a single sugar production season while the costs will be for a 15 month period, including those costs incurred from January to March in the off- crop period that are required to be expensed in the income statement. A focal point for the business is the drive to increase sugar production from the 957 000 tons milled in the 2009/10 season to the installed sugar milling capacity of 1,9 million tons per annum, with a simultaneous reduction in the unit cost of production. Tongaat Hulett, with its established and growing operations in agriculture, agri-processing and land conversion, remains well positioned for the emerging global dynamics of increasing demand for agricultural products, food, renewable energy and land usage.
16 Feb 2010 07:44:15
(Official Notice)
Tongaat's headline earnings for the twelve months to 31 December 2009 are expected to be 40% to 45% above the R583 million of 2008. Headline earnings per share are expected to increase by the same percentage. Tongaat's profit from operations for the twelve months to 31 December 2009 is expected to be between 33% and 38% above the R1.1 billion earned in 2008. Total net profit for the twelve months is expected to be approximately R2.9 billion, with net profit per share being approximately 2750 cents per share. The reviewed interim results for the twelve months ended 31 December 2009 are scheduled for release on Monday, 1 March 2010. Tongaat's financial year-end has changed to 31 March with effect from the current year and audited results for the 15 months ending 31 March 2010 are expected to be published on 31 May 2010.
17-Dec-2009
(Permanent)
Tongaat has changed its year-end from December each year to March with effect from December 2009.
10 Dec 2009 15:07:47
(Official Notice)
Tongaat announced the appointment of Ms Maditshaba Mahlari as company secretary with effect from 15 December 2009. Mrs Diana McIlrath who filled the position of interim company secretary will consequently resign from that position on the same date.
26 Nov 2009 16:09:13
(Official Notice)
Shareholders are advised that Tongaat Hulett's year-end will change from 31 December to 31 March, with effect from the current financial year. As a result of this change, Tongaat Hulett will publish reviewed second interim results for the 12 month period to 31 December 2009 and then audited results for the 15 months ending 31 March 2010. The final dividend declaration will coincide with the financial year-end of 31 March 2010. A financial year that ends on 31 March will correspond with the sugar season in all the countries in which Tongaat Hulett operates. This is increasingly significant with the growth in the agriculture and agri-processing components of the business.
24 Nov 2009 09:59:16
(Official Notice)
Tongaat Hulett announced the appointment of Mr Adriano Maleiane as an independent non-executive director to the board, with effect from 23 November 2009.

09 Oct 2009 11:57:07
(Official Notice)
Tongaat Hulett announced the appointment of Ms Rachel Kupara as an independent non-executive director to the board, with effect from 8 October 2009.

18 Aug 2009 11:33:48
(Official Notice)
Shareholders are advised that Mr P M Baum and Mr J G Williams have resigned from the board with effect from 17 August 2009.
13 Aug 2009 13:42:58
(Official Notice)
Tongaat shareholders were referred to the announcement made by Anglo American plc on the completion of its sale of the shares it owned in Tongaat to institutional investors.
12 Aug 2009 08:52:28
(Official Notice)
Tongaat Hulett shareholders are referred to the announcement made by Anglo American plc in respect of a bookbuild process (involving Tongaat Hulett ordinary shares and exchangeable bonds issued by Anglo American) to dispose of the shares it owns in Tongaat Hulett to institutional investors.



Peter Staude, CEO of Tongaat Hulett, says "This is an opportunity to increase the liquidity of Tongaat Hulett's listed equity and enhance the extent and spread of local and foreign shareholders. This transaction by Anglo American should remove the uncertainty that has existed in respect of its shareholding in Tongaat Hulett and enable increased investment by emerging market fund managers, who were previously constrained by the limited liquidity."
06 Aug 2009 08:33:40
(Media Comment)
A blend of ethanol with petrol could cut carbon dioxide emissions from vehicles by 90%, and sugar producer Tongaat Hulett intends to move vigorously into this market over the next few years. Sugar cane is one of the main raw material inputs for manufacturing bioethanol. It is relatively easy to manufacture and provides an alternative to petrol. Dipolelo Makhubedu, an analyst at Argon Asset Management, said given Tongaat Hulett's position as an industry leader in sugar production, the group was well positioned to contribute substantially to renewable-energy initiatives.
03 Aug 2009 07:59:03
(C)
22 Jul 2009 15:41:14
(Official Notice)
Tongaat issued this trading statement on the expected results for the half-year to 30 June 2009, based on the consolidation of the Zimbabwe operations as explained in the cautionary announcement of 18 June 2009. Tongaat's profit from operations for the six months to 30 June 2009 is expected to increase to R864 million (2008: R443 million).



Headline earnings for the first half of 2009 are expected to be R440 million (2008: R252 million). Headline earnings per share are expected to be 426cps (2008: 245cps). Total net profit for the six months is expected to be R2.419 billion with net profit per share being 2343cps (2008: total net profit was R266 million and net profit per share was 258cps).



The cautionary announcement of 18 June 2009 is hereby withdrawn. The interim results for the half-year ended 30 June 2009 are scheduled for release on Monday, 3 August 2009.
18 Jun 2009 15:18:49
(Official Notice)
Tongaat Hulett intends to consolidate its Zimbabwe sugar operations in its financial statements in 2009. Shareholders are advised that the impact on the financial results of Tongaat Hulett is currently being finalised and is expected to be sizeable. Shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made. The consolidation of the Zimbabwean operations would be included in Tongaat Hulett's interim results, for the half-year ended 30 June 2009.



This consolidation follows the macroeconomic changes that essentially occurred when Zimbabwe moved to a US dollar and Rand based economy and, in so doing, restored key relevant fundamentals to the economy. This removed many of the distortions that existed in the Zimbabwean economy, which included unrealistic local market sugar price realisations, not receiving the full benefit of export proceeds, exchange rate uncertainty and foreign currency restrictions, shortage of inputs and the effects of extreme hyperinflation.



The carrying value of the Zimbabwe "investment" on the Tongaat Hulett balance sheet at 31 December 2008 was R263 million, which arose when the 50.3% stake in Hippo Valley Estates was acquired through Triangle Sugar under the conditions prevailing at the end of 2006.
02 Jun 2009 08:43:12
(Media Comment)
According to Business Report, Tongaat may be headed for yet another collision with the government involving the development of land in KwaZulu-Natal. The chief executive of Dube Tradeport, which is part of the Department of Economic Development in KwaZulu-Natal, Rohan Persad, has accused Tongaat of "corporate greed", saying the company was refusing to partner with the entity and the government to develop the land. Tongaat was unavailable for comment.
22 May 2009 11:40:06
(Official Notice)
Shareholders are referred to the announcement released by Tongaat Hulett on 20 May 2009, relating to the vesting of awards in terms of the long term incentive plan, and are advised that the effective date for all of the directors' transactions was 19 May 2009.
29 Apr 2009 16:28:46
(Official Notice)
Shareholders are advised that all the resolutions set out in the notice of annual general meeting were passed by the requisite majority of shareholders represented at the annual general meeting of Tongaat held on 29 April 2009. The special resolution is being submitted for registration at the Companies and Intellectual Property Registration Office. Mr C M L Savage retired as the Chairman and non-executive director and Mrs E le Roux Bradley retired as a non-executive director of the board at the annual general meeting on 29 April 2009 having reached the mandatory retirement age in terms of the company's articles of association.
01 Apr 2009 10:00:55
(Official Notice)
Cedric Savage, who has reached mandatory retirement age, retires as Chairman and Director of Tongaat Hulett at the Annual General Meeting on 29 April 2009. The board has appointed JB Magwaza as Chairman with effect from that date. Cedric Savage joined Tongaat Hulett in 1977, was appointed to the board in 1981 and became Chairman of the board in the year 2000.
30 Mar 2009 14:39:18
(Official Notice)
Further to the publication on 23 February 2009 of Tongaat's audited results for the year ended 31 December 2008, shareholders are advised that its 2008 annual report, which incorporates the audited financial statements for that period, has been dispatched. Tongaat is not required to publish an abridged report at this date as the audited results that were published on 23 February 2009 are unchanged. The annual report is available on the Tongaat website www.tongaat.co.za.



23 Feb 2009 08:48:48
(C)
Turnover increased by 11% from R6.3 billion to R7.1 billion in 2008. Profit from operations increased to R1.1billion from R838 million. Profit attributable to ordinary shareholders decreased to R649 million (2007:R3.4 billion). In addition, headline earnings on a per share basis grew to reach 565.6cps (2007: 58.10cps).



Prospects

Tongaat Hulett has the advantage, in the prevailing global economic turbulence, of operating in a number of less affected market sectors, having specific opportunities in its operations and being favoured by a weaker rand.
06 Feb 2009 11:23:16
(Official Notice)
Tongaat's profit from operations for the year to 31 December 2008 is expected to increase by 35% to R1.1 billion (R838 million). It comprises profit from the various sugar operations of R606 million (R360 million), land and property development of R263 million (R428 million), starch operations of R240 million (R105 million) and a gain of R23 million (R55 million cost) in centrally accounted and consolidation items including a R86 million gain on the recognition of Tongaat's unconditional entitlement, in 2008, to a pension fund employer surplus account in respect of a 2001 surplus apportionment.



Headline earnings for 2008 are expected to be R583 million (R61 million which included the once-off corporate structuring and BEE equity transaction costs). Headline earnings per share are expected to be 566cps (58cps). Earnings per share are expected to be 630cps share (2007: 3293 cents per share including the Hulamin fair valuation prior to unbundling).



The results for the year ended 31 December 2008 are scheduled for release on Monday, 23 February 2009. This trading statement is issued in compliance with the JSE Listings Requirements. The above information has not been reviewed and reported on by the auditors.
11 Dec 2008 17:17:10
(Official Notice)
Shareholders are advised that Miss MML Mokoka has resigned as company secretary of Tongaat Hulett with effect from 31 December 2008. Mrs D McIlrath will assume the role of interim company secretary from 1 January 2009 until a permanent appointment is made. Mrs McIlrath is a partner at the law firm Shepstone - Wylie.
25 Sep 2008 08:21:08
(Official Notice)
Tongaat announced the appointment to the board of the following three new independent non-executive directors, with effect from 1 October 2008; Mrs Fatima Jakoet (B Sc, CTA, CA (SA)); Dr Vincent Maphai (BA, MA, PhD); and Mrs Nonhlanhla Mjoli-Mncube (BA, MSc).
04 Aug 2008 07:28:54
(C)
Revenue increased by 28% to R3.1 billion in the first half of 2008 (2007: R2.4b). Tongaat's profit from operations grew by 44% to R443 million (2007: R308 million), resulting in basic earnings per share of 258.1 cents (2007: 2 993.9cps). Headline earnings was reported at 244.1cps (2007: loss 145.1cps). The 2007 financial results included the main effects of the completed corporate structuring transactions - the listing and unbundling of Hulamin, a share buy- back and the 25% BEE equity participation transactions.



Dividends

The Board has declared an interim dividend for the half-year of 160 cents per share (2007: 150 cents per share).



Prospects

Tongaat is fast tracking the planning of renewable power generation at four of its eight sugar mills in the region, against the background of predictions that electricity demand in South Africa will exceed generating capacity for a five to seven year period. Overall, the growth in profit from operations for the full 2008 year is expected to be at a lower rate than that of the first six months.
23 Jul 2008 15:47:17
(Official Notice)
Tongaat Hulett's profit from operations for the six months to 30 June 2008 is expected to increase by 44% to R443 million (R308 million). It comprises profit from the sugar operations of R253 million (R167 million), land and property development of R115 million (R127 million), starch operations of R103 million (R37 million) and centrally accounted costs of R28 million (R23 million). Increased profit contributions came from the sugar operations in Mozambique, Swaziland and Zimbabwe. The current expansion in Mozambique is well underway. A dividend from Zimbabwe of R35 million, which was a declaration from prior year profits, was received and brought to account in profit from sugar operations. The challenging conditions in Zimbabwe continue. The South African sugar operations were under increased pressure and continued to experience the effects of the small 2007 crop and lower export realisations. The operating profit from land development was achieved with limited hectares being sold. The residential property market is experiencing significantly reduced demand. The current focus is on increasing the limited stock, with final unconditional development approvals, available out of the 14 000 hectares of agricultural land with development potential, to meet the continued demand in specific industrial, commercial and tourism sectors. Profit from the starch operations increased as margins recovered in the last three months.



Headline earnings for the first half of 2008 is expected to be R252 million (2007: headline loss of R155 million which included the once-off corporate structuring and BEE equity transaction costs and excluded the Hulamin fair valuation gain prior to listing and unbundling). Headline earnings per share is expected to be 245cps (loss of 145cps). Total net profit for the six months is expected to be R278 million with net profit per share being 258cps (2007: total net profit including the Hulamin fair valuation prior to unbundling was R3.209 billion and net profit per share was 2994cps). The interim results for the half-year ended 30 June 2008 are scheduled for release on Monday, 4 August 2008.
06 Jun 2008 08:35:46
(Media Comment)
Business Report noted that Tongaat might build an ethanol plant in Mozambique within two to three years. The company is currently expanding sugar production in the country. Chief executive Peter Staude has also expressed faith in Zimbabwe, saying that by 2009 it will be "a different place than it is today".
09 May 2008 14:16:18
(Official Notice)
Tongaat Hulett said that a fire had broken out at the raw sugar storage facility of its sugar refinery operation in South Coast Road, Durban. The fire broke out at approximately 04:40 on 9 May 2007 and had been extinguished by 08:00.
08 May 2008 13:48:44
(Official Notice)
Tongaat further enhanced its reputation in the area of broad-based black economic empowerment with the launch of the Ithuba Farming Project, an initiative in partnership with the Buhle Farmers' Academy. The primary objective of the project is to increase the number of competent black commercial maize farmers in South Africa.
23 Apr 2008 16:47:33
(Official Notice)
Shareholders are advised that all the resolutions set out in the notice of annual general meeting were passed by the requisite majority of shareholders represented at the annual general meeting held on 23 April 2008.
22 Apr 2008 07:43:02
(Media Comment)
Zimbabwe's energy director-general, Justin Mupamhanga, was quoted in Business Report as saying that Tongaat would restart ethanol output very soon at a plant that closed in 1992. Tongaat has said that the plant at its Triangle sugar estate could produce 32 million litres of ethanol a year.
28 Mar 2008 14:37:36
(Official Notice)
Further to the publication on 25 February 2008 of Tongaat's audited results for the year ended 31 December 2007, shareholders are advised that its 2007 annual report, which incorporates the audited financial statements for that period, has been dispatched. Tongaat is not required to publish an abridged report at this date as the audited results that were published on 25 February 2008 are unchanged.



Notice was also given that the annual general meeting of shareholders will be held at the Corporate Office, Amanzimnyama Hill, Tongaat, on Wednesday, 23 April 2008 at 09h00, as set out in the annual general meeting notice.
25 Feb 2008 07:41:38
(C)
Tongaat reported their year end results for 31 December 2007 with an increased revenue amounting to R6.395m (2006: R5.110m). Tongaat's profit from continuing operations in 2007 increased by 15% to a record R838 million (2006: R726 million). Operating profit from property developments increased by 32% to R428 million (2006: R325 million). In addition, capital profit of R48 million (2006: R26 million) was realised. Pursuant to the listing and unbundling of Hulamin, Tongaat's 50% share in Hulamin was fair valued through the income statement by R3.348 billion in June 2007 and thereafter unbundled as a distribution in specie. Hulamin`s net profit (which does not include the valuation gain) for the period up to the unbundling is reflected as a discontinued operation.



Dividends

The board has declared a final dividend of 160 cents per share, which brings the total annual dividend to 310 cents per share for the new Tongaat.



Prospects

Exchange rate movements will impact on local pricing and costs, as well as Tongaat exports. Substantial cane expansions in Mozambique will be completed to enable sugar production above 260 000 tons in 2009. The small 2007 crop will affect the results in the first half of 2008. A reasonable 2008 sugar crop in South Africa and higher international sugar prices would have significant benefits for results in the second half of 2008. Electricity cogeneration supply agreements are likely to be concluded during the year. Overall, sustained growth in profit from operations is expected in the 2008 year and this, together with the non recurrence of the significant once-off corporate structuring costs incurred in 2007, should lead to a considerable increase in headline earnings.
11 Feb 2008 08:42:36
(Official Notice)
Tongaat's total net profit for the year ended 31 December 2007 is expected to be R3.457 billion (2006: R723 million), with earnings per share being approximately 3293 cents per share (2006: 685 cents per share). Headline earnings, which do not include the Hulamin fair valuation prior to unbundling and do include the once-off transaction costs and BEE IFRS2 costs, are expected to be R61 million (2006: R703 million), with headline earnings per share being 58 cents per share (2006: 666 cents per share). The results for the year ended 31 December 2007 are scheduled for release on Monday, 25 February 2008.
31 Jul 2006 08:47:44
(C)
19 Jul 2006 08:33:30
(Official Notice)
Headline earnings for the half-year ended 30 June 2006 are expected to be R297 million (R208 million). Headline earnings and headline earnings per share are thus expected to exceed the previous half-year by 43% and 40% respectively. The half-year results include an average exchange rate of R6.31/US dollar. Operating profit is expected to increase to R470 million (R319 million) with sugar and property accounting for the largest portion of the 47% increase. The results include an effective world sugar price of USD11c per pound for exports. The results for the six months to 30 June 2006 are scheduled for release on Monday, 31 July 2006.
21 Apr 2006 12:24:40
(Official Notice)
All the resolutions were passed by the requisite majority of shareholders represented at the annual general meeting held on 21 April 2006.
29 Mar 2006 15:43:19
(3)
Tongaat is not required to publish an abridged report at this date as the audited results that were published on 20 February 2006 are unchanged. The annual general meeting will be held at the Corporate Office, Amanzimnyama Hill, Tongaat on Friday, 21 April 2006 at 09h00.
20 Feb 2006 09:05:18
(C)
The benefits of the multiple management actions underway are increasingly reflected in the financial results. The past three years have seen the businesses adapting to a stronger Rand. The group's revenue increased by 9.97% to R6 926 million (R6 298 million) while its operating profit increased by 103.91% to R730 million (R358 million). Headline earnings increased by 126% to R466 million in 2005,compared to R206 million in 2004.



Dividends

The board declared a final dividend of 280cps, which brings the total annual dividend to 400cps (170cps).



Prospects

Tongaat-Hulett is growing earnings in its businesses, having adapted to a stronger Rand. Considerable earnings growth is expected in the year ahead. Earnings enhancing actions are underway throughout Tongaat-Hulett. The changing global sugar fundamentals and the higher world sugar price are positive developments. Continued growth is expected in aluminium rolled product volumes, together with sales mix optimisation and conversion cost per ton reductions. It is ideally placed to capitalise on its growth platform.
02 Feb 2006 13:38:24
(Official Notice)
Tongaat expects headline earnings for the year ended 31 December 2005 to be between R460 million and R470 million (R206 million). Headline earnings and headline earnings per share are thus expected to exceed the previous year by between 123% and 128% and between 121% and 125%, respectively.



The group is benefiting from its multiple management actions to grow earnings. Operating profit is expected to be between R725 million and R735 million in 2005, compared to R358 million in 2004, with significant increases being achieved by all the operations. African Products is expected to contribute approximately 15% of the 2005 operating profit, Hulett Aluminium (in which Tongaat has a 50% shareholding) 22%, Moreland 30% and Tongaat-Hulett Sugar (including dividends from Triangle Sugar Zimbabwe) 33%.
23 Jan 2006 11:15:43
(Media Comment)
Anglo American, a 53% shareholder in Tongaat, may break up the group into its four business sectors noted Business Report on 23 January 2006. The newspaper cited that the reason for the possible split may be that Anglo would want to unlock its own shareholders' value.
06 Oct 2005 17:04:23
(Official Notice)
Shareholders are advised that J Thomas and G F Young were withdrawn as alternate directors of the Group on 5 October 2005.
01 Aug 2005 09:17:05
(C)
22 Jul 2005 10:22:13
(Media Comment)
Tongaat`s share price rose 6.3% on 21 July 05 on reaction to the group releasing a positive trading statement with a forecasted 297% increase in headline earnings.
21 Jul 2005 08:24:43
(Official Notice)
Headline earnings are expected to be between R205 million and R210 million for the half-year (2004: R53 million). Headline earnings and headline earnings per share for the half-year are thus expected to exceed the comparative period last year by between 287% and 297% and between 282% and 292%, respectively. Operating profit improvements have been achieved in Hulett Aluminium, African Products and Tongaat-Hulett Sugar. Moreland has seen a reduction in operating profit as it is in the process of replenishing its stock. Progress continues with actions throughout the group to grow earnings. An offshore cash translation gain of R39 million has been recorded. A deferred tax reduction of R28 million has been brought to account as a result of the company tax rate change. This trading statement is issued in compliance with the JSE Listings Requirements.

06-Aug-2018
(X)
Tongaat Hulett is an agriculture and agri-processing business, focusing on the complementary feedstocks of sugarcane and maize. Its on-going activities in agriculture have resulted in the company having a substantial land portfolio within the primary growth corridors of KwaZulu-Natal with strong policy support for conversion at the appropriate time. A core element of Tongaat Hulett?s strategic vision is to maximise the value generated from the conversion of land in the portfolio by responding to key demand drivers and identifying its optimal end use for all stakeholders. Through its sugar and starch operations, Tongaat Hulett produces a range of refined carbohydrate products from sugarcane and maize, with a number of products being interchangeable.



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