The share plunged after the agriculture and agri-processing business said the ongoing strategic and financial review of the company had revealed certain practices that would require further examination and which, if verified, might require remedial action, including assessing the impact on its previously reported financial information.
“The full impact is being determined and might have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company’s securities,” the company said.
On Friday, the share closed 28.34 percent lower at R22, while the market cap was R2.97 billion.
The share has lost more than 79 percent in the past 12 months, declining from R107.50 around this time last year.