Published: 27 May 2014

Sugar producer Tongaat Hulett says import tariffs introduced in Zimbabwe would benefit sales and prices in the next financial year.

The group holds a 50.3% shareholding in Hippo Valley Estates while it wholly owns Triangle Sugar in Zimbabwe.

The Durban-based company also lauded the Zimbabwean authorities for acting swiftly to remove illegal settlers off its sugar plantations last week.

Tongaat reported a 6% increase in full-year earnings yesterday, after softer global sugar prices and weak domestic demand weighed.
- dailynews

You might also want to read this

• Tongaat defers financial results
• Tongaat Hulett sugar output increases 9%
• Tongaat seeks bids for 4 000ha sugar project
• Sugar prices up 18%
• Sugar output to increase by 17%
• Tongaat Hulett full-year revenue drops 8%
• Tongaat banks on new political climate
• Tongaat employees clash with resettled farmers
• Tongaat Hulett commissions Chiredzi gas plant
• Tongaat Hulett in bribery storm