Published 5 months ago

'Perfect storm': Tongaat fallout deals blow to Remgro-controlled RCL, adding to agricultural woes

Summary by Ground News

Selati owner RCL Foods says the fallout from Tongaat Hulett's collapse helped prompt a nearly quarter of a billion rand hit to its sugar business. It warned on Tuesday that full-year earnings could fall by nearly a third in its year to end-June.

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'Perfect storm': Tongaat fallout deals blow to Remgro-controlled RCL, adding to agricultural woes

Selati-owner RCL Foods, which is majority-owned by Johann Rupert's Remgro, has flagged how Tongaat Hulett's collapse contributed to a nearly quarter of a billion rand hit to the group's sugar business.

5 months ago·South Africa

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'Perfect storm': Tongaat fallout deals blow to Remgro-controlled RCL, adding to agricultural woes

1 Articles

1 Articles

'Perfect storm': Tongaat fallout deals blow to Remgro-controlled RCL, adding to agricultural woes

'Perfect storm': Tongaat fallout deals blow to Remgro-controlled RCL, adding to agricultural woes

Coverage Details

Bias Distribution

Ownership

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