Podcasts about tongaat hulett

Chantal Marx of FNB Wealth and Investments discusses the day's market moves, continued uncertainty around Trump, better-than-expected local performance, Sasols profit warning, her long term buys, updates from Naspers/Prosus, Tongaat Hulett, and an update from Implats. SAfm Market Update - Podcasts and live stream

In an interview with BizNews editor Alec Hogg on this morning's BizNews Briefing podcast, market expert David Shapiro discussed critical issues affecting the South African cement industry and the implications of the upcoming US presidential election. He expressed concerns about the cement industry's future amid a shift towards alternative materials and emphasized the need for government infrastructure investment. Shapiro also addressed the challenges facing Tongaat Hulett in business rescue and reflected on the potential impact of political stability with a new US leader.

It's five years since massive accounting fraud was exposed at Tongaat Hulett, plunging KZN's largest industrial group into a death spiral. With little incentive to end their regular income stream, fee-earning “super helpers” have been feasting on the company's carcass, while bankers delude themselves by charging notional interest on debts that will never be repaid. Yet some excellent assets are still there to be grabbed - and sensing fatigue of shareholders, corporate vultures have been gathering. Corporate activist Dave Woolam shares the latest twist in the sorry saga with BizNews editor Alec Hogg.

Editor Alec Hogg and the BizNews team provide context on the biggest stories of the past week. Covered this week are the governance mess in the Joburg Metro; board level corruption called out at the Comrades Marathon Association; why shareholders rejected an opportunistic takeover bid for bankrupt Tongaat Hulett - and the real reason why Warren Buffett's Berkshire Hathaway sold 500m shares in Apple Inc.

Stephen Grootes talks with analyst and shareholder activist Dave Woollan about Tongaat Hulett's shareholders' rejection of a plan to convert the company's debt into equity, which would have drastically reduced their ownership stake.  Hilary Joffe, columnist and editor-at-large at Business Day with Stephen Grootes discuss how South Africa's banking regulator is considering extending the number of "tiers" for commercial banking licenses. And more…See omnystudio.com/listener for privacy information.

Stephen Grootes talks with analyst and shareholder activist Dave Woollan about Tongaat Hulett's shareholders' rejection of a plan to convert the company's debt into equity, which would have drastically reduced their ownership stake. See omnystudio.com/listener for privacy information.

The head of the Royal Institution of Chartered Surveyors (RICS) in South Africa discusses the organisation's drive for greater professionalism, accountability and ethics in the broader property sector. He also weighs in on the ‘sad' fortunes of Tongaat Hulett. Podcast series on Moneyweb

Noluthando Mthonti-Mlambo speaks to Advocate Fay Mukaddam, Chairperson of the South African Sugar Association about Tongaat Hulett's creditors finally accepting their business rescue plan.See omnystudio.com/listener for privacy information.

Noluthando Mthonti-Mlambo speaks to Chris Logan, Shareholder Activist & Owner and CIO at Opportune Investments about Tongaat Hulett.See omnystudio.com/listener for privacy information.

Die DA het die besluit van Eskom verwerp om die aanstelling van Dan Marokane, die voormalige bedryfshoof van die sukkelende suikerprodusent, Tongaat Hulett, as die nuwe bedryfshoof van Eskom te bevestig. Mimmy Gondwe van die DA sê ná die minister van Openbare Ondernemings, Pravin Gordhan, byna ‘n jaar die aanstellingsproses vertraag het, is die beste waarmee die ANC vorendag kon kom om ‘n oud-Eskom-hoof weer aan te stel, die status quo te handhaaf en die land in die ystergreep van beurtkrag te laat:

Makwe Masilela of Makwe Fund Managers discusses the day market moves, developments around the dollar, MTN's Rwanda results, ENX's special distribution, news of Tongaat Hulett being taken over, and where he's putting his money. SAfm Market Update - Podcasts and live stream

Workers at Tongaat Hulett are breathing a sigh of relief. They have been told the embattled sugar giant has secured funds to pay their December salaries in full, as well as their thirteenth cheques.

Dr Thomas Funke, uitvoerende hoof van die Suid-Afrikaanse Suikerrietkwekersvereneging gesels oor of die boere betaal sal word en of daar suikertekorte kan kom.

Chantel Marx, hoof van beleggingsnavorsing by FNB Wealth and Investment gesels oor Sasol wat weer geld wil leen en oor Tongaat Hulett wat nie sy produsente kan betaal nie.

Dr Thomas Funke – CEO, SA Cane Growers

Stephen Van Coller, CEO of EOH takes Bruce Whitfield through the company's financial results. The company's recorded 92% increase in operating profit.   Former Eskom acting CEO, Matshela Koko arrested on charges related to the looting of Eskom    Peter Armitage, CEO at Anchor Capital shares his views of  South Africa's market darling, Tongaat Hulett  wobbling into business rescue.   South African fine wine, a stable alternative investment asset in turbulent times, according to Roland Peens, The director at wine cellar.   Personal Finance - Investment Diversification did not work in 2022, is it time to change the way we invest?  See omnystudio.com/listener for privacy information.

Die Hooggeregshof in Durban, KwaZulu-Natal het 'n bedrogsaak van 3,5 miljard Suid-Afrikaanse rand vir 'n voorverhoorkonferensie teen sewe bestuurders van Tongaat Hulett, tot Februarie volgende jaar uitgestel. Volgens die woordvoerder van die Nasionale Vervolgingsgesag, Natasha Ramkisson-Kara word Peter Staude, Murray Hector Munro, Michael Deighton, Rory Wilkinson, Kamasagrie Singh, Samantha Shukla en Gavin Dykes Kruger daarvan beskuldig dat hulle na bewering tussen 2015 en 2018 met 'n gemeenskaplike doel opgetree het om bedrog ten opsigte van sowat 69 eiendomstransaksies te pleeg:

Six former Tongaat Hulett executives and an auditor accused of fraud made their first appearance in the Durban High Court on Thursday.

Seven former Tongaat Hulett executives are returning to court today to face charges in a multi-billion rand fraud case.

The fraud case against sixl former Tongaat Hulett executives and an auditor is moving to trial.

BizNews A-Plus Show duo Alec Hogg and Michael Appel are back with episode 12 of their weekly round-up of business, investments, news and politics banter you need to know. In focus this episode: UCT Political Science Professor Anthony Butler on the EFF being a "natural coalition partner" for the ANC come 2024; Denker Capital's Kokkie Kooyman explains why long neglected banking shares would be among the biggest beneficiaries of a business-friendly ruling coalition come 2024; Mantashe's suggestion for Eskom 2.0 "preposterous"; Counterpoint Value Fund's Piet Viljoen on the appeal of a number of SA's resources stocks; ISS chairperson on spate of mass shootings likely being organised crime; shareholder activist David Woollam demanding that the Tongaat Hulett board resign en masse. Learn more about your ad choices. Visit megaphone.fm/adchoices

BizNews A-Plus Show duo Alec Hogg and Michael Appel are back with episode 7 of their weekly round-up of business, investments, news and politics banter you need to know. In focus this episode: Alec unpacks some of what's emanating from his weekly Boardroom Talk column where he was in discussion with investment gurus Piet Viljoen and Kokkie Kooyman; a breakdown of the rights issue at Tongaat Hulett; Deloitte planning to split its audit from its consulting functions; Gupta brothers finally arrested in Dubai; questions abound regarding Cyril's millions stolen in 2020; Ukraine's Zelenskyy says don't speak of negotiations without including them.

Tongaat is looking to raise R5bn in a rights issue that is 12 times its current market value of R400m. The Rudland Family through Magister Investments will partially underwrite R2bn of the rights offer provided that a waiver is approved by regulators. Related parties to Magister were found to have dealt in shares during the restricted period which has influenced the Takeover Regulation Panel's decision to nullify the waiver. This decision calls into question the certainty of the rights issue and ultimately the future of Tongaat. A body of shareholders' including shareholder activist Chris Logan, is appealing to Tongaat to reconsider their strategy amid concerns about the intentions of the Rudland family for the business if it obtains control. Hamish Rudland believes a rights issue is the only way forward in order for the company to avoid collapse. 

Die voorsitter van die Zimbabwese raad vir Suikerverkope, Muchadeyi Masunda, is bekommerd oor die dreigende tekort aan suiker in die land nadat die vervaardiging van suiker by Tongaat Hulett gestaak is. Die maatskappy het aangekondig die staking volg omdat hy nie fondse by plaaslike banke kan kry nie. Masunda sê suikerrietboere voorsien die maatskappy van rou materiaal vir suikerproduksie:

Absa's Carmen Mpelwane talks Tongaat Hulett's trading update. Citadel's George Herman looks at some of the factors influencing the investment landscape in 2022.

The floods in KwaZulu-Natal have impacted operations for many businesses in the province. Tongaat Hulett has advised that it's still assessing the impact, while some like Sappi and Toyota have halted operations. Business Day TV unpacked the impact of the floods from a business perspective with Mpume Langa, Vice President of the Durban Chamber of Commerce and Industry.

Tongaat analyst and whistle-blower David Woollam shares the grave details about the rise and fall of one of KZN's most treasured businesses, Tongaat Hulett. Tongaat was the subject of accounting irregularities when its former management was responsible for cooking the books. Now the company is coming after those executives to the value of R450m, a fraction of the R10bn+ in shareholder value that has been destroyed. Operational issues coupled with a large debt burden has led the company to announce a highly dilutive rights issue, which will increase the shares in issue by 33-fold. Shareholders who own R1,000 in Tongaat will have to cough up between R6,000 and R7,000 to maintain their pro-rata shareholding. Worse, the pricing of the rights issue is yet to be determined and Tongaat shareholders are going into the new year blindfolded.

David Shapiro is Deputy Chairman at Sasfin Securities and a regular co-host of the BizNews Power Hour. David shared his wisdom of the stocks especially on the drop of Tongaat Hulett's share price. Shapiro also shared history of SA and said if we ever wanted to get back to being the beacon of light in the African economy, we must remove all parliament personnel and in with new blood.

David Shapiro is Deputy Chairman at Sasfin Securities and a regular co-host of the BizNews Power Hour. David shared his wisdom of the stocks especially on the drop of Tongaat Hulett's share price. Shapiro also shared history of SA and said if we ever wanted to get back to being the beacon of light in the African economy, we must remove all parliament personnel and in with new blood.

Edward Graham "Eddie" Cross, is Member of Parliament for Bulawayo South and a Zimbabwean economist. Eddie joined the BizNews Power Hour with to speak on the state of the Zimbabwean economy, is it becoming better? Eddie weighed in on PPC and Tongaat Hulett respectively, he said Tongaat deserves a competition as they are comfortable.

Edward Graham "Eddie" Cross, is Member of Parliament for Bulawayo South and a Zimbabwean economist. Eddie joined the BizNews Power Hour with to speak on the state of the Zimbabwean economy, is it becoming better? Eddie weighed in on PPC and Tongaat Hulett respectively, he said Tongaat deserves a competition as they are comfortable.

Corporate governance failures. Frauds. Accounting misstatements. A “hole in the balance sheet” – unfortunately, these breakdowns in trust happen on the market. When they do, the repercussions are severe not just for shareholders in the company in question, but potentially for the market as a whole. Have you noticed that JSE corporates are doing fewer acquisitions in exchange for shares these days? Mr Price just bought Yuppiechef for over R400m in cold, hard cash. Before the Steinhoff era, entrepreneurs were more inclined to accept shares in listed companies in exchange for their businesses. Those days are gone. What impact do the likes of Greensill and Wirecard have on their respective industries? How can investors and traders spot scandals and take advantage of them? Tongaat Hulett. EOH. This episode is packed with commentary by hosts The Finance Ghost and Moe-Knows on the companies that previously dominated the headlines for all the wrong reasons. Episode 17 of Magic Markets is brought to you by Elite Risk Acceptances. Visit the Elite Risk website for bespoke insurance cover for wealthy individuals. Elite Risk Acceptances is part of the Old Mutual Group of companies.

On the show this week Hilary Joffe and the team take a look at the fortunes of the local currency; how unions have entered the fight to get South African Airways CEO, Vuyani Jarana reinstated and the latest in the Tongaat Hulett saga. Editing Allowed

Sugar giant Tongaat Hulett has suspended its share trading on the JSE. Tongaat asked that its listings be suspended because of accounting irregularities. The company is currently impelmenting a turnaround strategey that has resulted in over 5,000 employees receiving retrenchment letters. Sakina Kamwendo spoke to Food and Allied Workers Union (FAWU)'s National Organisor in the Sugar Industry, Nkosikhona Nzama..