Tongaat Hulett Troubles

[BBSA]

So let me get this straight? The liver stores glucose, where does it get it from? Besides breaking down amino acids your body also needs?
Also you claim to eat no sugars and the human body doesn't require them?
So you eat no vegetables or fruits, have no honey? Or is it that you don't eat anything you think has no sugar?

Correct, the body break down aminio acids to create glucose. Absolute no problem if you make sure you comsume enought aminio acids.

As mentioned before we discussed suger as refined by companies like Hulett, which is basically just emty calories.

My problem is not with carbs in general but with highly processed carbs.

 

[ForceFate]

Only a matter of time before the thread takes another detour and switches to biofuels.

 

[Lupus]

Only a matter of time before the thread takes another detour and switches to biofuels.

Or even those new biodegradable caps on milk cartons.

 

[Binary_Bark]

Tongaat Hullet - sugar farming company to exit sugar farming

Embattled agri-processing and property giant Tongaat Hulett is preparing to pull out of sugar farming as part of a turnaround plan that has seen the company issue 5 000 employees with retrenchment notices.

Tongaat is still finalising the steps it will take to stabilise itself in the face of massive losses caused by an auditing scandal, but it said last week that it had “identified the opportunity for the company to exit its direct sugar-cane farming activities in South Africa”.

Tongaat has already identified several estates that it will lease to black cane growers to keep land productive until the farms are sold for property development. It is not clear at this stage how long this initiative will be maintained for and at what point the company will sell its farms.

Next week management will meet with the unions operating at Tongaat’s milling operations to discuss the retrenchments, which have thus far affected mainly agricultural workers and staff employed in research and extension services.

Trading in Tongaat’s shares was suspended on the JSE and in London in June over the accounting irregularities, with the company delaying the release of its March results, while its results for several years were subjected to a forensic audit.

On Tuesday, Tongaat’s board extended its cautionary announcement to shareholders, saying it would announce a date for the release of the results only on November 18.

The 127-year-old company’s South African sugar operations cover 119 000 hectares of land, mainly in KwaZulu-Natal and Mpumalanga, with subsidiaries operating in Mozambique and Zimbabwe.

 

[cheesus]

A general feeling of resignation was evident this week at the Maidstone Mill. The 210 workers living at the Tongaat compound have also been served with eviction notices to vacate their homes at the same time.

What a resigned feeling after losing your job, is that an attempt at humor or did that irony just like the Boeing go over the writer's head?

 

[rietrot]

Tongaat Hullet - sugar farming company to exit sugar farming

How does exiting their core business make any sense?

 

[ponder]

How does exiting their core business make any sense?

I speak under correction but their core business changed to property development years ago. There's also the mills that process sugar for all cane growers, actual farming is probably the least profitable part of their business.

 

[rietrot]

I speak under correction but their core business changed to property development years ago. There's also the mills that process sugar for all cane growers, actual farming is probably the least profitable part of their business.

That's why they are in this shît, because they tried to be "property developers" with all the property(sugar farms) they have had for a 100 years that's now in good locations.

 

[d0b33]

And people wonder why there is a global trend against capitalism.

 

[rietrot]

And people wonder why there is a global trend against capitalism.

Mostly because people are stupid and useless and can't provide for themselves but want to complain if someone else don't provide for them.

 

[d0b33]

Mostly because people are stupid and useless and can't provide for themselves but want to complain if someone else don't provide for them.

 

[TheChamp]

Probe into Tongaat Hulett reveals dodgy accounting practices

A PwC report identified major historical shortfalls in governance practices, delegation of authority, decision-making, oversight, financial discipline, record keeping, systems usage and financial reporting.

ewn.co.za

 

[konfab]

And people wonder why there is a global trend against capitalism.

Capitalism (Tongaat and Steinhoff): Corrupt management + dodgy accounting + lack of shareholder oversight = bankrupt business that punishes shareholders, who then hold the people responsible to account for lying.
Socialism(The SA SOE): Corrupt management + dodgy accounting + lack of shareholder oversight = bankrupt business that punishes the people who have no choice in their services, then gets endless bailouts by the taxpayer.

Yeah, I would take Capitalism any day because unlike socialism, lying and stealing will eventually get punished.

 

[Sideshow Bob]

And people wonder why there is a global trend against capitalism.

What is your suggestion?

 

[¯\_(ツ)_/¯]

This is how the textile industry took a nosedive. It went from being run by textile fundis to beancounters.

... add the shoe industry. We now see plenty of imports and plenty of empty worker seats.

 

[rietrot]

... add the shoe industry. We now see plenty of imports and plenty of empty worker seats.

I blame in on a lack of propper marketing. I know we need jobs I will support South African products even if it's is a bit more expensive but you don't see make in SA or proudly South African on anything. If you go to the proudly SA website it has overpriced beads and nonsense.

 

[airborne]

Capitalism (Tongaat and Steinhoff): Corrupt management + dodgy accounting + lack of shareholder oversight = bankrupt business that punishes shareholders, who then hold the people responsible to account for lying.
Socialism(The SA SOE): Corrupt management + dodgy accounting + lack of shareholder oversight = bankrupt business that punishes the people who have no choice in their services, then gets endless bailouts by the taxpayer.

Yeah, I would take Capitalism any day because unlike socialism, lying and stealing will eventually get punished.

If you call a slap on the wrist punishment then so be it.

 

[rietrot]

If you call a slap on the wrist punishment then so be it.

You are not required to give any money to any capitalist business. You can freely avoid them if you disagree with how they do business.
You cannot avoid the government or taxes or the government bailing out failing SOEs with your taxes.

 

[airborne]

You are not required to give any money to any capitalist business. You can freely avoid them if you disagree with how they do business.
You cannot avoid the government or taxes or the government bailing out failing SOEs with your taxes.

 

[ForceFate]

You are not required to give any money to any capitalist business. You can freely avoid them if you disagree with how they do business.
You cannot avoid the government or taxes or the government bailing out failing SOEs with your taxes.

Sometimes it's not possible or practical.