Browsing: Tongaat Hulett

Agriculture The Xinavane sugar refinery. Photo: Tongaat Hulett
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The Xinavane sugar mill in southern Mozambique is under threat of closure following a decision by its majority owner, South Africa’s Tongaat Hulett, to walk away from its other Mozambican mill at Mafambisse in the centre of the country.

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Agriculture The Xinavane sugar refinery. Photo: Tongaat Hulett
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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 [...]

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