Finally, action: Tongaat execs charged criminally

Former Tongaat Hulett officials at their bail application. Picture: Sandile Ndlovu

At least seven former senior officials of Tongaat Hulett are set to appear in the Durban specialised commercial crimes court on Thursday in a huge fraud and corruption case.In January, the JSE-listed sugar producer said it was claiming R450m against former directors and executives implicated in the group’s accounting scandal, including former CEO Peter Staude.

This followed a damning 2019 PwC forensic investigation that found some senior executives at Tongaat had allegedly been part of inflating the group’s profits.

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