High costs hit Tanganda

Tanganda has appointed Christiaan Botha as its chief executive

Advertisements TANGANDA Tea Company says rising costs and challenging operating conditions have widened its cash shortfall to about US$6,36 million, forcing the group to seek funding through a US$8 million rights offer.Advertisements In a recent rights offer circular, the company said it emerged from the Covid-19 pandemic with a cash flow deficit that has since…

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