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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.

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