IMPROVED volume performance and cost cuts enabled sugar producing firm Star Africa Corporation (Star Africa) to return to profitability, shrugging off stiff competition from cheaper imported sugar flooding the local market, the company has said.In its interim results statement for the six months to September 30, 2024, company chairman Rungano Mbire said the group reassessed…
Star Africa bounces back to profitability
The target compares with 59 596 tonnes sold during the year ended March 31, 2026, as it seeks to improve distribution and compete against sugar imports flooding the informal markets.