Long-suffering Tongaat Hulett shareholders may soon be able to decide for themselves - eight months after the sugar producer suspended trading in its shares as it sorted out accounts that were in disarray. Between last January and the time it stopped trading on 10 June, its shares had already shed 76% of their value as issues with its financials and possible accounting fraud came to the fore. It's now talking to the JSE to have the suspension lifted following the release of its interim results tomorrow. It's going to report a loss, but not quite as bad as the loss that appears in its restated 2018 accounts. Another share that has done particularly badly is Tiger Brands. CEO Lawrence MacDougall has had a lot to deal with since he took the top job in 2016, not least of all the listeriosis outbreak of late 2017 and early 2018 which took its share price from above R470 in January 2018 to just above R200 two years later. He won't see a class-action lawsuit against the company through to its conclusion though. That will be left to Noel Doyle, who replaces him when he retires at the end of the month. Meanwhile, Finbond has decided to buy back some of its shares, which it believes are undervalued following a 35% slide last year. More on those stories to follow, along with the results of Renergen's share placement as it moves forward with its Virginia Gas Project in the Free State and Ellies' decision to sell some of its investment properties as it tries to return to sustainable profitability. Finally, with the tax year drawing to a close, we take a look at how you can balance your retirement annuities with Section 12J investments, which can be used to reduce taxpayers' income tax or capital gains tax liabilities. Follow this link for more. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect |