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"...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details.

Questions or problems? Email or call 0860 52 52 00.