Little-known Evanstan Investments snaps up major stake in Tongaat Hulett

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Little-known Evanstan Investments snaps up major stake in Tongaat Hulett
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While many shareholders in SA’s largest sugar producer have run for the hills, this newcomer sees a sweet spot

While a large group of Tongaat Hulett shareholders ran for the hills as soon as the stock resumed trade in February, little-known Evanstan Investments is swimming against the tide.

When the JSE lifted the suspension of Tongaat shares, the company got an emphatic thumbs-down from the market as the stock plunged 63.66%.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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