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South African News and Market Update: Tongaat Hulett reports total

JSE-listed sugar producer and land developer Tongaat Hulett on Monday reported a total loss of up to R266 million in a trading statement for the six months to September 30, 2021. The Durban-based group, which is due to release its latest interim results on Thursday (Dec. 9) highlighted hyperinflation in Zimbabwe, as well as unrest in KwaZulu-Natalin July and Covid-19 pressure, as the main reasons for the expected loss. For its 2020 half-year, Tongaat Hulett an adjusted profit of R241 million, and the turnaround appeared to remain on track despite the Covid-19 pandemic. Tongaat Hulett noted in its trading statement that for the latest

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International News and Market Update: US boss lays off 900

The boss of a US company has come under fire after he sacked around 900 of his staff over a single Zoom call. "If you are on this call, you are part of the unfortunate group that is being fired," Vishal Garg, chief executive of mortgage company Better.com, said in the call, which was later uploaded to social media. Read more.

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