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Tongaat Hulett Ltd
Amanzimnyama Hill Road, Tongaat
Phone: +27 324394019p:+27 324394019 DURBAN, 4400  South Africa Ticker: TONTON

Filed for Insolvency on 10/27/2022
On 10/27/2022, Tongaat Hulett Limited and Tongaat Hulett Development Proprietary Limited entered Voluntary Business Rescue. Tongaat Hulett’s Botswana, Mozambique and Zimbabwe sugar operations are NOT entering Business Rescue. Peter Van den Steen, Trevor Murgatroyd and Gerhard Albertyn of Metis Strategic Advisors were appointed as the Business Rescue Practitioners.

Business Summary
Tongaat Hulett Limited is a South Africa-based company engaged in agri-processing business that includes the integrated components of agriculture, land management and property development. The Company's segments include Sugar Operations and Property. Its Sugar Operations segment is engaged in growing and processing sugarcane to produce raw and refined sugar for sale to local and export markets, and downstream activities include the manufacture of animal feeds and ethanol. It has approximately 13 sugar and downstream production facilities across four African countries, namely South Africa, Zimbabwe and Mozambique and a distribution operation in Botswana, and exports to more than 29 countries, predominantly on the African continent, as well as into Europe and the United States. Its Property segment is engaged in conversion and development of agricultural land for sale to third-party customers for onward development for a range of urban uses across multiple market sectors.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
3/31/20223/31/2021Yes----

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Independent Non-Executive Chairman of the Board Louis V.Zeuner 60 9/23/2019 12/10/2018
Acting Chief Executive Officer, Executive Director Daniel L.Marokane 51 3/1/2023 11/18/2019
Chief Financial Officer, Executive Director Rob D.Aitken 39 3/1/2019 3/1/2019
7 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Tongaat Hulett Acucareira de Xinavane Mafambisse Mill Beira Mozambique
Tongaat Hulett Namibia (Pty) Ltd. PO Box 86070 Windhoek Namibia
Tongaat Hulett Sugar Ltd. 444 S Coast Road Rossburgh Durban South Africa
Tongaat Hulett Starch Pty. Ltd. 2 Dick Kemp Street Meadowdale Germiston South Africa

Business Names
Business Name
Hippo Valley Estates Limited
Hulett Refineries Limited
Natal Estates Limited
21 additional Business Names available in full report.

General Information
Number of Employees: 22,972 (As of 3/31/2021)
Outstanding Shares: 135,112,506 (As of 3/31/2022)
Shareholders: 12,079
Stock Exchange: JNB
Fax Number: +27 315701055


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Friday, March 15, 2024