Hippo Valley Estates

MASVINGO- Hippo Valley Estates and Triangle Operations Managing Director (MD)/Chief Executive Officer (CEO), Aiden Mhere is retiring on March 31, this year and will be replaced by Tendai Masawi.
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Tongaat Hulett is set to sell its sugar estates in Zimbabwe to a Tanzanian company, Kagera Sugar, following years of mismanagement and financial misstatements worsened by a debt burden of R6.3-billion.
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Listed agro-industrial concern, Hippo Valley Estates Limited has appointed Mr Canaan Dube as its new chairman with effect from next month.
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Chiredzi Rural District Council (RDC) has pampered its six top executives with top-of-the-range Toyota Hilux GD-6 double-cab vehicles at a time service delivery has plunged to unprecedented levels.
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Hippo Valley Estates recorded an eleven percent decline in sugar output to 212 000 tonnes in the full year ended March 30, 2020 due to a decline in the volume and quality of cane.
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The share price of Hippo Valley Estates (Hippo Valley) has been sinking on the Zimbabwe Stock Exchange since February after the escalation of its South African parent company, Tongaat Hulett’s (Tongaat) difficulties.
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Tongaat Hulett says sugar production at its Zimbabwean unit increased by 9,2 percent to 306 000 tonnes in the six months period ended September 30, 2018, compared to 280 000 tonnes in the same period in 2017 driven by increased water…
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President Robert Mugabe’s decision to stop the expropriation of Tongaat Hulett (Tongaat)’s sugarcane fields in the Lowveld was influenced by diplomatic pressure from South Africa’s government, analysts have said.
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By Africa Moyo Giant sugar producer Tongaat Hulett has sacked thousands of contract workers barely two months after they embarked on a crippling month-long industrial action that disrupted local sugar supplies. Last year, Tongaat…
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