South Africa: Sugar producer Tongaat Hulett to sell sugarcane farm for $21 million

Johannesburg: Tongaat Hulett, South African sugar producer who is indebted has decided to sell a sugarcane farm located at eSwatini to the public pension fund of the country at the cost of 375 rand ($21.83 million).

According to the Tongaat the step has been taken to reduce the debt of the company. The company is working on the same by raising capital, selling assets, cutting costs.

 To Listen to this News click on the play button.


Please enter your comment!
Please enter your name here