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Zimbabwe: Tongaat Allays Sugar Shortage Fears

2016-02-03 07:05:46| Sugar Industry News

Triangle-based sugar milling company Tongaat Hulett has assured the nation that there are enough stocks of sugar despite fears that the current low rainfall may affect cane production. Media reports yesterday suggested that the country was facing a sugar shortage due to drought. In a statement yesterday, Tongaat Hulett corporate affairs and communications manager Ms Adelaide Chikunguru said current stocks were enough to last even up to 2017.

Tags: sugar zimbabwe fears shortage

 

Tongaat Hulett SwazilanD profits down by E41m

2015-05-26 08:45:51| Sugar Industry News

THE reduction in export sucrose price into the European Union (EU) has hurt profits of Tambankulu Estates\' (Tongaat Hulett Swaziland) as they have declined by E41 million reaching E29 million.

Tags: profits swaziland hulett tongaat

 
 

South Africa's Tongaat posts lower full-year earnings

2015-05-26 08:45:51| Sugar Industry News

JOHANNESBURG (Reuters) - South African sugar maker Tongaat Hulett posted a 16 percent drop in full-year earnings on Monday, weighed down by lower sugar output and prices.

Tags: south posts lower earnings

 

South Africa: Dry Conditions Impact Tongaat Hulett Results

2015-05-26 08:45:51| Sugar Industry News

The results of Tongaat Hulett [JSE:TON] for the year ended March 31 2015 were attained in difficult conditions in the sugar industry and with a number of positive achievements in terms of cost reductions, securing local markets and future cane supplies, said CEO Peter Staude on Monday.

Tags: results conditions south impact

 

Low sugar prices hurt South Africa's Illovo Sugar, Tongaat

2015-05-26 08:45:51| Sugar Industry News

JOHANNESBURG (Reuters) - Illovo Sugar Ltd and Tongaat Hullett, Africa's two biggest producers of the sweetener, reported weaker full-year profits on Monday, blaming softer global prices and lower output, sending their shares sliding.

Tags: low south prices sugar

 

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