Agriculture group Crookes Brothers faces an almost R200 million loss (€9.8 mln) in its year to end March. The main causes are a downturn in the prices of bananas, deciduous fruit, as well as a bad outlook for macadamias.
The group said it also expects to conclude the R200 million sale of its three apple and pear farms in the Western Cape by the end of the year, with the fallout from Russia's invasion of Ukraine dealing another blow to a part of its business that has underperformed for years.
Source: news24.com
