Intelligent news from Mozambique

Tongaat Hulett warns over $90m loss as Xinavane refinery start is delayed

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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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