David Shapiro on Tongaat, was it hit by perfect bad news storm, or malfeasance

BizNews — Market commentator David Shapiro has seen his share of scandals in a half century career where he daily takes the pulse of investment markets. He explores the mystery around Tongaat Hulett, the R25bn business whose shares have plunged to a level where it is suddenly worth just a tenth of that, pre-scandal value. We discussed the Tongaat saga on Rational Radio, drawing some conclusions that, for the moment at least, fly directly into the face of the popular narrative. - Alec Hogg

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