MOZAMBIQUE NEWS ON FASTMOVING

Masscash, a division of Massmart, has expanded its presence in Mozambique with the opening of a newly built Saverite store in the district of Xai Xai, 200km away from Maputo. read more

SABMiller planned to boost beer volume sales in Africa by between 7 percent and 9 percent a year by slashing prices, using more local grains and cheaper packaging, and negotiating better tax terms with governments, the company said yesterday. read more

TWO listed sugar producers issued upbeat trading statements yesterday, saying their March year-end results would be boosted by good rain after two years of drought.  read more

SABMiller plans to invest up to $2,5bn in Africa over the next five years to build and refurbish breweries, its head for the region said yesterday, as it looks to slake rising demand for beer on the fast-growing continent. read more

Impala looks much like the other clear beers on the market and to the untrained palate it tastes a lot like a traditional beer. On the nose it has a slight difference to it, something one cannot put a finger on. read more

Output at Tongaat Hulett’s Mafambisse sugar mill in Mozambique continued to perform above expectations as the mill produced 19 000 tons more sugar towards the end of the current year than in 2010/11. read more

Transnet has defended its 18.06 percent proposed port tariff increase, which is three times the current inflation rate of 6 percent, saying yesterday that it was necessary to keep the company’s borrowing tight. read more

Johannesburg - Illovo Sugar [JSE:ILV] posted a 12% rise in first-half earnings on Wednesday helped by currency weakness and cost cutting but said output was still struggling to recover from a 2010 drought in KwaZulu-Natal province. read more

Johannesburg - Sugar producer Tongaat Hulett [JSE:TON] advised on Friday that its headline earnings per share for the half-year ended September 2011 are expected to be 474 cents per share compared with 482c for the six months to September 2010. read more

Brewer launches low cost cassava-based beer for Mozambican market to capture previously untapped low income earners read more