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Starafrica retools

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LISTED sugar refiner Starafrica Corporation (Starafrica) says it opted not to pay a dividend for the year ended March 31, 2022, and has instead channelled its internal resources towards retooling.

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It comes as the company’s access to affordable credit has been limited due to high-interest rates in Zimbabwe set by the central bank to curb speculative borrowing that it says was driving inflation.

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