Tongaat makes board changes with five directors leaving

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The company announced in June that it had hired PwC to launch an investigation after it uncovered suspicious accounting practices.

Tongaat Hulett said on Monday that five long-serving directors, including chair Bahle Sibisi, will leave the embattled agriculture and agri-processing group at the end of September.

The group’s shares on the JSE and the London Stock Exchange have been suspended since June.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

 

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