R7bn Zimbabwe blow in Tongaat Hulett's restated results - Moneyweb.co.za

R7bn Zimbabwe blow in Tongaat Hulett's restated results - Moneyweb.co.za

Scandal-hit group forced to write down its equity by almost R12bn; R4bn related to land expropriated up north.

Tongaat Hulett finally released its financial results for the year to end-March as well as its restated results for 2018 on Tuesday. The figures show an almost R11.9 billion reduction in the groups equity, mainly due to a R7 billion hit from its Zimbabwean bu… [+3941 chars]

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