TradeInvest Africa (Cape Town)

Zimbabwe: Tongaat Hulett to Invest R145m in Zimbabwe Operations

By Tradeinvestafrica Staff, 4 August 2009

South African agro-processing firm Tongaat Hulett is to invest R145 million in its Zimbabwe operations in a bid to restore them to full productivity, reports engineeringnews.co.za.

CEO Peter Staude said on Monday that the company's Zimbabwe sugar operations were "quickly recovering" and that plans were afoot to restore the operations to capacity production of 600 000 tons per year within the next three years.

Tongaat Hulett will invest approximately R70 million in its two Zimbabwean mills. R75 million will be spent on upgrading the transport fleet which brings raw sugar cane from the farms to be processed.

Tagged: Agribusiness, Business, Infrastructure, Investment, South Africa, Southern Africa, Zimbabwe

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