Tongaat reported a R285m headline loss in the year to March 31, 2020, which was an improvement on the R1.4bn headline loss reported the previous year. Earlier this month Tongaat management said they would hear from the National Prosecuting Authority within six months, on whether the group's former executives implicated in alleged accounting fraud and the wiping off billions of rands off the groups market capitalization last year, would be prosecuted. The group is also pursuing civil action. Several previous directors, former CEO Peter Staude and CFO Murray Monroe and former executives in its Zimbabwean operations were implicated.