The sugar industry’s struggle tells a bigger story of the risks of South Africa’s deindustrialisation
The Paradise Papers highlight the need for enforcing regulations to stem tax avoidance
Illovo Malawi is locked in a dispute with farmers who claim it has occupied their land for decades.
Workers at Africa’s two largest sugar producers will embark on a strike demanding an 11% pay increase.
Zambia has been prevented from collecting $27-million in tax revenue by the aggressive tax practices of the Associated British Foods multinational.
South Africa’s Illovo Sugar has pulled out of a R2.6-billion sugar project in Mali, largely due to political risk and funding difficulties.
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/ 13 November 2008
Illovo Sugar posted a 35% rise in first-half headline earnings per share on Thursday, boosted by strong domestic sugar sales.