21 July 2015
Tongaat Hulett looks like a good add for the long-term value investor.
By Orin Tambo
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.