AMH is an independent media house free from political ties or outside influence.
We have four newspapers: The Zimbabwe Independent, a business weekly published every Friday, The Standard, a weekly published every Sunday, and Southern and NewsDay, our daily newspapers. Each has an online edition.
Marketing
Digital Marketing Manager: tmutambara@alphamedia.co.zw
Locally, Tongaat operates through its wholly owned Triangle Sugar operation and a 50,3% shareholding in the agriculture and agro-processing firm, Hippo Valley Estates Limited.
Vision, a South African investment consortium, is in the process of purchasing Tongaat’s assets through a debt-to-asset swap worth ZAR5,9 billion (US$330,05 million).
He said some of the challenges included bad weather, currency volatility, inflation and a lack of critical spares for mills, resulting in unscheduled stoppages.
Recently-appointed Tongaat Hulett chief executive Tendai Masawi said he was aiming at revamping the sector so that it regained lost glory in terms of production.
The victory in Gabon meant that the Renco Mine - born golfer, walked away with the 5 million West African CFA franc (approximately US$8 300) winners cheque.
It has been a long journey for us. We have been looking at Tongaat since 2020. So it has been for years, and we have just come up with a business rescue plan.
The announcement comes following the recent approval of the firm’s business rescuer plan (BRP) by creditors, marking a crucial step in Tongaat Hulett’s journey to stability.