Browsing: Tongaat Hulett
South African sugar producer Tongaat Hulett, which operates two sugar plantations in Mozambique, is entering talks with its creditors after warning investors it made a $90 million loss over the last year - a drastic turnaround from the $44 million profit the company made the year [...]
Welcome to Zitamar’s daily Mozambique briefing for 25 February, 2019 Agenda:
- Today: President Nyusi to attend the launch of a book about corruption in Mozambique, by Notícias journalist Hélio Filimone.
South African sugar producer Tongaat Hulett’s profits in Mozambique have almost halved in the last year, which the company blamed on a strong metical and disappointing exports. Profits from Tongaat Hulett’s Mozambique [...]
South African sugar producer Tongaat Hulett has begun work on a $41 million refinery in southern Mozambique to make enough white sugar to satisfy the country’s demand in full. The refinery will be built at the company’s [...]
South African sugar producer Tongaat Hulett reaped bumper profits last year in Mozambique thanks to import protection measures that raised the price of sugar within the country at the end of 2015. The government [...]
South African sugar and maize producer Tongaat Hulett expects sugar output to return to previous levels over the next two years, due to the “excellent rainfall” in early 2017. Tongaat Hulett has two estates in [...]