http://www.engineeringnews.co.za
R/€ = 16.27 Change: 0.05
R/$ = 14.39 Change: 0.07
Au 1210.75 $/oz Change: 9.60
Pt 835.00 $/oz Change: 0.70
 

Topic

Tongaat Hulett appoints interim CEO

By: Simone Liedtke     7th September 2018 Sydney Mtsambiwa has been appointed as the interim CEO of JSE-listed agriculture and agroprocessing group Tongaat Hulett, with effect from November 1, following the retirement of long-serving CEO Peter Staude. Mtsambiwa will serve as the interim CEO until the board has finalised the appointment... 

Staude to retire as Tongaat CEO; CFO to take extended medical leave of absence

By: Creamer Media Reporter      6th August 2018 Peter Staude will retire as CEO of JSE-listed Tongaat Hulett, with effect from October 31. He worked for the company for 40 years and served as CEO for the past 16 years. 

Tongaat Hulett lifts H1 earnings by 5%

By: Anine Kilian     13th November 2017 JSE-listed Tongaat Hulett’s headline earnings grew by nearly 5% year-on-year to R661-million for the six months ended September 30. Diluted headline earnings a share rose to 573.8c a share during the half year, compared with 546.7c in the prior comparable period. 

Tongaat Hulett recognised as sustainable leader in water management

By: Anine Kilian     31st October 2017 Sugar producer Tongaat Hulett has been awarded a position on this year’s Water A-List by nonprofit global environmental disclosure platform CDP.   The Water A-List comprises 73 global companies and is published alongside similar lists for corporate leadership on climate change and forests. “Water... 

Pumps investment solidifies Mozambique sugar industry

By: Nica Schreuder     6th October 2017 South African pumps manufacturer and supplier Brehnor Pumps has commissioned two Ornel Floodlifter 1 200-mm-diameter pumps on the Xinavane sugar estate, in Mozambique, owned by agricultural and agroprocessing business company Tongaat Hulett. 

Tongaat sugar output in recovery after two-year drought

By: Natasha Odendaal     30th May 2017 After two consecutive years of having been impacted by a severe drought, Tongaat Hulett’s sugar production levels across its regions are starting to recover, with the company now edging closer to its full two-million-ton-a-year capacity. Total sugar production is expected to recover over two... 

Tongaat Hulett upbeat about future prospects, despite drought impact

By: Anine Kilian     14th November 2016 The drought in Southern Africa has cut JSE-listed Tongaat Hulett’s sugar production in the current season by about 400 000 t. Speaking to Engineering News Online, CEO Peter Staude pointed out that the company’s sugar production had decreased from 1.4-million tons a few years ago, to an expected... 

Sugar drags down record performance of other Tongaat divisions

By: Tracy Hancock     30th May 2016 JSE-listed sugar producer Tongaat Hulett’s cash flow from operations took a significant blow in the year ended March 31, owing to its sugar production reducing by a further 291 000 t to 1.023-million tons from 1.314-million tons and 1.424-million tons in 2015 and 2014 respectively. Tongaat Hulett... 

Chamber celebrates 160 years of business operations

27th May 2016 Network organisation the Durban Chamber of Commerce and Industry (DCCI) celebrated 160 years of operation at its annual gala dinner last month. More than 900 guests were in attendance, hosted at corporate tables acquired by the major companies in Durban, in KwaZulu-Natal. 

5.7% decline in half-year revenue for sugar producer

25th March 2016 Agriculture, agroprocessing and sugar producer Tongaat Hulett has noted a 5.7% decline in half-year revenue, generating an operating profit for the 2015/16 sugar season. The sugar season, which runs from April 1 to March 31 yearly has been beleaguered by drought during the current season which... 

Tongaat profit takes dive as sugar market battles water crisis

By: Tracy Hancock     16th November 2015 JSE-listed Tongaat Hulett’s strong performance for the half-year ended September 30 in land conversion activities and its starch operation, has been more than offset as a consequence of the struggling sugar sector. CEO Peter Staude in a statement on Monday said the agriculture and agroprocessing... 

Tongaat Hulett says 39% of 8 019 ha portfolio in last stages of conversion

By: Tracy Hancock     26th May 2015 JSE-listed Tongaat Hulett CEO Peter Staude told shareholders and analysts on Tuesday that of the company’s land assets, 39% was either in the process of undergoing an environmental-impact assessment, being released from agriculture, had formally submitted a planning and development application,... 

Tongaat Hulett starch and cellulose sees record year, keen on cogen

By: Tracy Hancock     25th May 2015 Despite a record year, Tongaat Hulett’s starch and cellulose division was impacted by load-shedding during the year ended March 31, CEO Peter Staude said in a telephone interview on Monday. “The starch and glucose operation, which is the only wet-miller in sub-Saharan Africa, was well positioned... 

Tongaat Hulett revenues up R8bn in H2 despite state of sugar industry

By: Tracy Hancock     10th November 2014 The encouraging half-year results for Tongaat Hulett have been attributed to the various improvements in the agriculture and agriprocessing business’s sugar operations at a time when revenue was being negatively affected by lower international sugar prices. For the half-year ended September 30,... 

Tongaat Hulett lauds govt response to Zim land invasion, braces for possible SA strike

By: Natalie Greve     26th May 2014 Agricultural and agroprocessing group Tongaat Hulett CEO Peter Staude says he is “encouraged” by the Zimbabwe government’s swift response to the recent illegal land invasions of its sugar cane estates in Chiredzi, which earlier this month saw “hundreds” of local villagers forcibly occupy land... 

Tongaat Hulett to release prime land in Umhlanga Ridge for R12bn  

By: Creamer Media Reporter      4th December 2013 Agricultural and agriprocessing business Tongaat Hulett will release 42 ha of the remaining 62 ha of Ridgeside, its iconic development on Umhlanga Ridge, to the market as a single transaction in the first quarter of 2014. “The transaction will allow a single investor or consortium to assemble a... 

Tongaat Hulett lifts H1 earnings despite souring sugar prices

By: Natalie Greve     11th November 2013 Agricultural and agroprocessing group Tongaat Hulett’s operating profit for the half-year ended September 30, increased 7% to R1.4-billion, following record performances from the group’s land conversion business and its starch operations, and despite pricing and import pressures on its sugar... 

Tongaat makes good progress on power-generation plans 

By: Idéle Esterhuizen     24th May 2013 The environmental-impact assessment and plant-construction contracting processes for JSE-listed agriculture and property group Tongaat Hulett’s proposed 80 MW power station, were well advanced, CEO Peter Staude said on Friday. He noted that, as part of the company’s drive to optimise revenue... 

Tongaat Hulett looking to boost sugar capacity as cane focus bears fruit

By: Idéle Esterhuizen     12th November 2012 JSE-listed agriculture and property group Tongaat Hulett is looking to increase its two-million-ton-a-year sugar production capacity from its existing mills as it moves to build on the momentum created by its increased sugar cane supplies. The company said on Monday that it aimed to boost output... 

Power, ethanol production from sugar cane to benefit Tongaat Hulett  

By: Idéle Esterhuizen     28th May 2012 Agriculture and property group Tongaat Hulett expects its future revenue stream to benefit “significantly” from electricity and ethanol developments, CEO Peter Staude said on Monday. The JSE-listed company said it was working with government to establish an appropriate regulatory framework for... 

First
Prev
1
Next
Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close