Tongaat Hulett
TONGAAT HULETT AND GLEDHOW SUGAR MILL DEFAULTS COST GROWERS R1 BILLION, DROPPING REVENUE BY 8%
SA Canegrowers is disappointed by the 8% drop in the final RV price (the price that growers receive for the cane processed) for the 2022/2023 season. This is mainly a result of the failure of Tongaat Hulett (THL) to pay more than R900 million due to the South African[...]
Tongaat Hulett payment to small-scale growers welcomed but payment to commercial growers still outstanding
SA Canegrowers has confirmed reports that some small-scale growers supplying the Tongaat Hulett mills at Felixton, Amatikulu and Maidstone have received the overdue payment for cane delivered in September 2022. We welcome this development, given the particular financial vulnerability of small-scale grower operations, and are grateful that the business[...]
Changing the landscape of sugarcane farming in KZN
As agri-processing giant Tongaat Hulett exits sugar farming, sweet success is being tasted by previously disadvantaged individuals who are taking the gap. A strategic review and turnaround process currently underway within Tongaat Hulett has identified the opportunity for the company to exit its direct sugarcane farming activities in South[...]