Lenders seek state guarantee for growers

LOCAL banks say they are in discussions with several parties to establish a guarantee that will protect lenders and sugar grow­ers. The country’s sugar industry, anchored by two mills owned by Tongaat Hulett in the south-east Lowveld, contributes to employment, electricity co-gen­eration and foreign currency earnings. During an industry engage­ment with bankers in Harare organised…

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