Tongaat discusses Zimbabwe stakes
IOL Business/ Bloomberg - Jan 10th 2013, 07:38
Tongaat Hulett’s Zimbabwean units were in talks with the government in Harare about selling majority stakes to black investors, Wilson Gwatiringa, the head of Zimbabwe’s National Indigenisation and Empowerment Board, said yesterday.
“We are engaging them and discussions are ongoing and advancing well,” he said.
On October 28 Harare gave South Africa’s biggest sugar producer 14 days to sell a majority stake in its Hippo Valley Estates and Triangle businesses.
The Zimbabwean operations contributed 19 percent to Tongaat’s revenue and 32 percent to profit from operations in the six months to September. – Bloomberg
Swine fever epidemic may slash China's pig herd by half
30/07/2019 - 10:52
China’s pig herd could halve by the end of 2019 from a year earlier as an epidemic of African swine fever sweeps through the world’s top pork producer, analysts at Dutch bank Rabobank forecast.
Avocado industry should focus on Chinese market, says Agbiz
13/05/2019 - 09:57
The chamber said the increased exports are a major boost to the government's policy ambition of achieving export-led growth in agriculture.
SA set to remain a net importer of wheat
09/05/2019 - 10:22
Despite improvements in production, the country will not be able to meet demand and imports could keep driving up food inflation.
Agriculture's important contribution to SA economy
26/03/2019 - 10:17
The South African agricultural industry might be seen by some as simply another role player in the economy, but our farmers cannot be thanked enough for the absolutely necessary work they are doing.
SA will have to produce 50% more food by 2050 or face crisis
20/02/2019 - 11:18
South Africa faces an impending food security crisis if there isn't urgent action to correct unsustainable practices, says an environmental organisation.