Tongaat Hulett controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Criminal proceedings involving people connected with the scandal
Seven people connected with the controversy, including former executives and other individuals named in reporting, appeared before the Durban Specialised Commercial Crimes Court and were granted bail.
2019
Tongaat Hulett accounting and financial-reporting scandal
The company disclosed that its 2018 published financial results could not be relied upon and that equity had been overstated by an estimated R3.5 billion to R4.5 billion. A forensic audit was commissioned, trading was suspended, and questions were raised about the role of the former external auditor Deloitte.