Why Nampak is a recovery stock

PUBLISHED: Tue, 10 Dec 2019 15:21:19 GMT


South African sugar producer, Tongaat Hulett, released its financial results for the year ended March 2019 and says its net asset value falls to a negative R2.9 billion from a value of R62 million a year earlier mainly due to accounting fraud within the company. Joining CNBC Africa for more is Chris Logan, the CEO of Opportune Investments.

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