Tongaat shares suspended to ‘protect investors’

Tongaat shares suspended to ‘protect investors’ 1

Hippo Valley and Triangle Estates’ JSE listed parent Tongaat Hulett has requested the suspension of its listing on the Johannesburg Stock Exchange amid an investigation. Tongaat Hulett According to a shareholder notice issued on Monday afternoon, the company’s listing on both the JSE and the London Stock Exchange has been suspended. This decision by the board comes following a delay in the publication of the company’s financial results. Shareholders were advised on May 31, 2019, that the financial results for March 31, 2018, cannot be relied upon and will be…

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Botswana suspends Choppies. . .Top director quits regional retailer

Botswana suspends Choppies. . .Top director quits regional retailer 2

A Senior director has quit the troubled regional retailer, Choppies Enterprises, at a time when the company has been suspended from trading shares in both the Botswana and Johannesburg Stock Exchanges. Supermarket group Choppies The Choppies board has since advised its shareholders of the resignation of non-executive director ,Mr Sydney Alan Muller, with immediate effect. “Choppies will commence the process to appoint an independent non-executive director to the board in Syd’s place, and shareholders will be advised once such an appointment has been made,” it said in a statement. The…

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