16.7 C
Harare
Sunday, April 5, 2020
Company’s harvested cane declined by 5%Private farmers harvest slumps by 14%Sugar production was 12% lower in the period Harare - Hippo Valley Estates Limited realized a decline in cane and sugar production in the nine months to 31 December 2019 as the trading environment remains challenging.
More than 2.3 million people food insecureBetter rainfall expected in the second half of the rainy season not enough to cover up for the deficit experienced in the first half.Reduced water allocation for power generation at Kariba due to erratic rainfall, depressed electricity supply Harare - Zambia, like...
Total industry sugar production marginally declined by 3%Little rainfall risky to the industryProgress at Project Kilimanjaro Harare - Hippo Valley Estates Limited, a subsidiary of Tongaat Hullett Limited primarily involved in growing and milling sugar cane in Zimbabwe said despite the commissioning of the Tugwi-Mukosi Dam in...
Despite the effects of drought, grain output in Zimbabwe over the years has been stifled due to a number of issues such as challenges in the importation of production inputs such as fertiliser, fuel, agrochemicals, amongst others, due to liquidity issuesGovernment said the subsidised price has created undesirable arbitrage opportunities for...
Government spent ZWL11.1 million in December 2019ZWL26.7 million spent on maize imports in 2019 As Zimbabwe faces a sustained drought conditions, importation of staple diet maize, has equally been scaling up. Over two thirds of the country’s population are reported to be under the risk of hunger.
Headline loss expected to narrow by between 17% and 23%The losses are attributed to hyperinflation in Zimbabwe, as well as higher finance costs and taxation The Group is in talks with JSE for the lifting of the suspension of its shares, potentially in the first week of February 2020
Volumes 46% below the prior yearInternational fields seeds record increased loss from prior yearContinued capital investment in the seed dryer project Harare - Producer and marketer of certified crop seeds in Zimbabwe, Seedco Limited, recorded subdued volumes in the half year to 30 September 2019...
Harare- Starafrica Corporation Limited’s various units performed well in the half year ended 30 September 2019, with Goldstar Sugars Harare (GHHS) remaining the company’s biggest earner despite its operations being affected by power shortages. In the period under review, the company produced 32 047 tonnes of refined sugar,...
Harare - Shareholders of Meikles Limited on Friday approved the sale of the Group’s flagship asset Meikles Hotel located in Harare to Dubai’s Albywardy in a deal worth US$20 million, providing the last tick to what has been a long-anticipated sale of the hotel. In...
Harare – Tongaat Huletts Zimbabwe’s unit, Hippo Valley Estates Limited has once again missed a deadline to file its financial results for the year ended 31 March 2019, but expressed that the process of completing the consolidated financial statements for the related period is well progressed. The Zimbabwe Stock Exchange...