Tongaat shaken as flaw found in financials

02 June 2019 - 00:18 By TJ STRYDOM

A review by PwC of embattled sugar producer Tongaat Hulett's financials has revealed that it will have to restate its 2018 accounts, which could have a R4.5bn impact.

The company said in a statement on Friday that "past practices appear to have resulted in financial statements that did not reflect Tongaat Hulett's underlying business performance accurately"...

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