All NewsBusiness

Starafrica divests from Tongaat

All NewsBusiness

Starafrica divests from Tongaat

HARARE – StarafricaCorporation Limited (Starafrica)’s shareholders have approved the group’s plan to dispose of its 33,3 percent stake in Tongaat Hulett (Tongaat) Botswana as part of strategies to raise capital. The financially troubled group will also off load its entire shareholding in transport subsidiary Blue Logistics with both transactions expected to rake in at least…

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