Financials & Economy
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Economic headwinds weigh down Tongaat Hulett’s performance widening its headline loss to US$75m
SOUTH AFRICA – Sugar producer Tongaat Hulett, has posted a wider headline loss of R1.1 billion (US$75m) for its financial year ending March 31, 2021,…
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Indian milk brand Amul beats pandemic odds to record 2% growth in revenue for FY21
INDIA – The Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which markets dairy products under the Amul brand has beaten all odds to record a 2% rise…
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Dwindling capacity of slaughter-ready animals in Namibia take huge bite in Meatco’s earnings
NAMIBIA – Meat Corporation (Meatco), a state-owned meat processing and marketing entity in Namibia, has reported a loss of N$118 million (US$8.21m) for the year…
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South African sugar manufacturing giants RCL Foods, Tongaat Hulett expect rise in full year earnings
SOUTH AFRICA – RCL Foods, South African consumer goods and milling company expects its profit for the year ended June 2021, to exponentially rise by…
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Seed Co International posts bumper profits following stellar performance in all its markets
AFRICA – Seed Co International Limited (SCIL), has recorded a 26% spike in revenue to US$88.5 million in the year ended March 2021, compared to…