Tanganda faces gloomy outlook

TANGANDA Tea Company is seeking shareholder ap­proval to delist from the Zimbabwe Stock Exchange (ZSE) and list on the Victoria Falls Stock Exchange (VFEX).

TANGANDA Tea Company’s financial recovery is set to face an immediate setback as its upcoming avocado and macadamia harvests are projected to deliver poor yields, its major shareholder has said. Innscor Africa, which recently took control of Tanganda through its beverage subsidiary Rutanhi Beverages, said the poor harvest will weigh on the tea grower’s results…

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