/ 12 November 2022

Abandoning core sugar business killed off Tongaat Hulett

Tongaat Hullet 7578 Dv(1)
Lost the plot: Tongaat Hulett diversified from its original sugar business to become one of the most important property players in KwaZulu-Natal. (Delwyn Verasamy/M&G)
Departing from its core business, and having its fingers in too many pies, is what crippled Tongaat Hulett and ultimately left it open to massive fraud

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