Rank: Member Joined: 7/20/2012 Posts: 141
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Boris Boyka wrote:When these sugar companies collapse they go into receivership & its major creditors bring in their receiver managers so as to milk out what they're owed. just like in cases of muhoroni,miwani e.t.c sijui mahali shareholder huwa. given their debts are in billions?? sijui. As said here in wazua invest in a company that you can visit around,check mood,compare with sector,have facts on ground then make a decision. I remember earlier on in other threads I DEMONISED this farm & gave examples of how Miwani,chemilil,muhoroni sugar companies had similar problems i& died. watu hawakutilia maanani. This MSC could collapse & no one will care for economic impact. webuye panpaper did,kikomi,rivatex among others including the ones above.Cheap imports are available. Cost of production is very high in money&time. imports are cheaper and save time. Totally true. Even politicians from those regions will not care so long as the so called sugar barons "see them"
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