Articles tagged 'tongaat hulett'

Govt issues license to buy ethanol from Triangle Ltd 12 January 2019 HARARE - Zimbabwe's state oil company has issued a license to buy ethanol from the Zimbabwe unit of South African firm Tongaat Hulett to be blended with petrol, weeks after President Emmerson Mnangagwa called for higher use of the sugarcane by-product to help stem a worsening fuel crisis. Zimb...
Tongaat ups sugar production 19 November 2018 HARARE - Tongaat Hulett says sugar production at its Zimbabwean unit increased by 9,2 percent to 306 000 tonnes in the six months period ended September 30, 2018, compared to 280 000 tonnes in the same period in 2017 driven by increased water availability and accelerated sugarcane root replanting...
Triangle for Confed Cup 12 November 2018 HARARE - Tongaat Hulett have confirmed that they will bankroll Triangle United's African Confederation Cup campaign next year after the club won the Chibuku Super Cup on Saturday. The Sugar Sugar Boys won their second major silverware in the top flight following a deserved 2-0 win over Harare ...
Tongaat records $17m profit 27 June 2018 HARARE - Zimbabwe's largest sugar producer, Tongaat Hulett (Tongaat), reported a 27 percent jump in operating profit in the year to March 31, 2018 from $13,4 million to $17 million buoyed by continued growth on the local market. The sugar producer's company secretary Bigboy Shava yesterday sai...
Mugabe 'cornered' on Tongaat's estates 11 July 2017 HARARE - President Robert Mugabe's decision to stop the expropriation of Tongaat Hulett (Tongaat)'s sugarcane fields in the Lowveld was influenced by diplomatic pressure from South Africa's government, analysts have said. This comes after hundreds of illegal settlers invaded sugar estates owne...
Tongaat banks on Tokwe-Mukorsi Dam 31 May 2017 HARARE - Zimbabwe's largest sugar producer, Tongaat Hulett (Tongaat), is banking on the newly-completed Tokwe-Mukorsi Dam to increase production. “The recent completion in Zimbabwe of the Tokwe-Mukorsi Dam….will diversify the water catchment area and provide increased stability in future water...
Tongaat pins hope on economic recovery 12 January 2017 HARARE - Tongaat Hulett (Tongaat) is pinning hopes on Zimbabwe's economic recovery to boost its operations in the impoverished southern African country. The group's chief executive Peter Staude said improved economic activities in the country will result in increased sugar consumption. “Gro...
Tongaat, workers strike deal 14 January 2016 HARARE - Sugar producer Tongaat Hullet (Tongaat) has dangled a six percent wage increase for its workers as the company moves to quell a potentially-damaging industrial action that could result in sugar shortages. The group's corporate affairs and communications manager, Adelaide Chikunguru, y...
Tongaat allays sugar shortages fear 22 December 2015 HARARE - Tongaat Hulett Zimbabwe (Tongaat) says it has enough sugar to meet the country's needs despite a three-week industrial action by its workers. This comes as the country has been gripped by market rumours of impending sugar shortages, which witnessed many consumers buying the product in...
Tongaat production down 9pc 27 May 2015 HARARE - Zimbabwe's largest sugar producer, Tongaat Hulett, production declined by nine percent to 445 000 tonnes in the full year to March 2015 compared to 488 000 registered in the prior period due to low dam levels. Peter Staude, Tongaat Hulett group chief executive said the decline in suga...
Tongaat seeks $20 million to up sugar production 20 March 2015 HARARE - Zimbabwe's largest sugar producer Tongaat Hulett (Tongaat) says it is seeking $20 million from various financial institutions earmarked for the development of 4 000 hectares it was recently allocated by government. Tongaat chief executive Sydney Mutsambiwa, on Thursday told Parliament...
Tongaat projects lower Zim sugar output 11 January 2015 HARARE - South Africa's Tongaat Hulett (Tongaat) says its Zimbabwe sugar production is likely to decline to 475 000 tonnes this year from 488 000 tonnes in 2014 due to an increase in cane demand. Peter Staude, the group's chief executive, said the anticipated decline is “mainly as a consequenc...
Stop the vultures, Mugabe urged 26 June 2014 HARARE - Only President Robert Mugabe can now save the late Vice President Joshua Nkomo's Nuanetsi Ranch as “political vultures” swoop on the vast land, the resident director of the farm has said. The contested ranch is registered under the Development Trust of Zimbabwe (DTZ) which was founded...
Minister grabs Joshua Nkomo's land 10 June 2014 HARARE - Controversial Masvingo provincial minister, Kudakwashe Bhasikiti, is at it again — this time allegedly working in cahoots with a private company in expropriating land at the Chingwizi transit camp owned by the late Vice President Joshua Nkomo. The contested ranch is registered in the ...
Starafrica struggles to offload subsidiaries 9 June 2014 HARARE - Hard-pressed Starafrica Corporation (Starafrica) is struggling to find buyers for its Tongaat Hulett Botswana (Tongaat) stake and transport subsidiary Bluestar Logistics. The group was ordered by the High Court in August last year, under a scheme of arrangement, to dispose the investm...
Zim indigenisation 'a pain': Tongaat CEO 5 December 2013 HARARE - South Africa-based Tongaat Hulett (Tongaat)’s chief executive Peter Staude says he has had sleepless nights over Zimbabwe’s indigenisation programme. His sugar-producing company, which holds a 50,3 percent shareholding in Hippo Valley Estates while it wholly owns Triangle Sugar, is un...
Low sugar prices hit Zim expansion: Tongaat 13 November 2013 HARARE - Plans to expand cane production and root replanting in Zimbabwe have been hindered by  depressed global sugar prices and irrigation challenges, South Africa-based agricultural commodities processor Tongaat Hulett (Tongaat) said. “Cane valuations have been impacted by lower prices and...
Starafrica divests from Tongaat 22 July 2013 HARARE - StarafricaCorporation Limited (Starafrica) s shareholders have approved the group s plan to dispose of its 33,3 percent stake in Tongaat Hulett (Tongaat) Botswana as part of strategies to raise capital. The financially troubled group will also off load its entire shareholding in transpor...