Indicate this Site | Add to Favourites | Your Home Page  
2/8/10 9:31 AM

Johannesburg
Illovo to spend $782 million on Africa growth: report

 

Johannesburg - Illovo Sugar plans to spend about 6 billion rand over the next five years to boost sugar production in Africa to 2.5-2.7 million tonnes from 1.7 million, the Business Day reported on Monday.

 


Illovo, a unit of Associated British Foods and Africa's biggest producer of the sweetener, also plans to rationalise its operations in South Africa due to a drop in land available for sugar cane production, reports said.

 


Quoting Managing Director Graham Clark, the paper said the company had set a target of a minimum 20 percent return on its investments to achieve the expansion.

 

 






 Print    Indicate
Latest News
9:10 AM - Uganda anti-gay bill 'not backed by government'
9:07 AM - 50 Cent visits famine victims in Somalia, Kenya
9:04 AM - Algeria cold spell kills at least 44
9:01 AM - Tens of thousands flee northern Kenya violence
8:58 AM - Libya expels Syrian diplomatic mission
8:55 AM - Mali army tries to fend off Tuareg rebels as crisis grows
8:47 AM - Top Guinean soldier charged over 2009 massacre: ministry
8:44 AM - Somalia's al-Shabab joins al-Qaida, leader says
8:41 AM - Riot sparks fear among Muslims in southern Nigeria
8:38 AM - Algeria's president sets May parliament polls
TPA - Televisão Pública de Angola
RNA - Rádio Nacional de Angola
Jornal de Angola
© 1997 - 2008 Angop. All rights reserved.