Latest news

Thank heavens for land

21 July 2015

Tongaat Hulett looks like a good add for the long-term value investor.

By Orin Tambo

Thank heavens for land

As world sugar prices continue to sink, Tongaat Hulett’s sale of vast tracts of land along the KwaZulu-Natal coastline is coming to the rescue.

After racking in close to R2 billion (42% of group operating profits) from land sales over the last two years, management says it plans to dispose of a further 3,801 hectares of the identified 8,091 developable hectares in prime locations in the next five years.

Read the full article from moneyweb.

Leave a Reply

%d bloggers like this: