JOHANNESBURG, April 8 Associated British Foods , the biggest shareholder in Illovo Sugar, has reached an agreement to buy the rest of the South African sugar producer for 5.6 billion rand after raising an earlier offer. ABF, which holds a 51.35 percent stake in Illovo, has made an offer of 25 rand per share for the stake it does not own, Africa’s biggest sugar producer … [Read more...] about UPDATE 2-AB Foods to buy rest of South Africa’s Illovo Sugar
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FAIRTRADE SUGAR LAUNCHES IN SOUTH AFRICA
The South African Fairtrade Sugar Project launched in 2014 and we can expect to see the first crop of cane sugar obtaining Fairtrade certification in late 2015 and, in addition, the first local company utilising locally produced Fairtrade certified sugar. With the support of the Dutch organisation “Interchurch Cooperative for Development Cooperation” (ICCO), Fairtrade South … [Read more...] about FAIRTRADE SUGAR LAUNCHES IN SOUTH AFRICA
Illovo Drops to 6-Year Low on South Africa Drought, Sugar Prices
Illovo Sugar Ltd. slumped to a six-year low in Johannesburg trading after saying a drought in South Africa will drag down profit next year. Illovo dropped as much as 12 percent to 18.59 rand, the lowest intraday price since October 2008. Read the full article by here: Johannesburg, South Africa News Submit and get free press releases here: MyPR Free Press Release. Click HERE … [Read more...] about Illovo Drops to 6-Year Low on South Africa Drought, Sugar Prices
