Lusitania Investment Capital LLC, a company based in the United States of America, has been negotiating with sugar producer Tongaat Hulett, listed on the Johannesburg Stock Exchange since January this year, about a possible acquisition of this group's operations in Mozambique. Lusitania Investment Capital has offered Tongaat Hulett up to R3.5...
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Mafambisse sugar factory drops production due to devastation of agricultural fields
The sugar factory of Mafambisse, in the district of Dondo, in Sofala, recorded this year a drop in production of more than 300 tons in relation to the previous campaign. The firm expects to produce, in the current campaign, around 37 800 tons of sugar, against more than 38 200 tons in the previous harvest. The pandemic crisis, associated with the devastation of fields...