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'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.

·Cape Town, South Africa
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News24 broke the news in Cape Town, South Africa on Tuesday, July 4, 2023.
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