HIPPO Valley Estates (Hippo Valley) says cost rationalisation efforts are going as planned and are expected to significantly improve profit margins in the medium term. The sugar cane producer, in early 2024, embarked on Project Zambuko, a strategy to optimise revenue and implement cost containment measures, including through retrenchments. Cost pressures have dragged the group’s…
Hippo steps up cost cuts
Hippo Valley accounts for 49,8 percent of the Zimbabwe sugar industry sales.