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SA Canegrowers Felixton the first in Umthombo Financial Services rollout

SA Canegrowers Felixton the first in Umthombo Financial Services rollout

BY: Colleen Dardagan 02 Sep 2020 Filed in: Canegrowers News

In a move to further support the interests of small-scale rural growers SA Canegrowers is now offering  the industry's Umthombo Financial Services at their Felixton regional offices.

Umthombo Financial Services is a retention savings account scheme offered by the South African Sugar Association. Money earned from the crop  is retained on behalf of the growers by the sugar association which can then be drawn when required to cover field preparation or machinery costs. All the transactions are manually recorded. 

SA Canegrowers has signed a sub-contracting agreement with Tongaat Hulett - who previously offered the service - with its Felixton regional office being the first to roll out the service to the growers.

SA Canegrowers' Area Manager in Felixton, Katherine Keal said the development was not only exciting but once best practice was established the service would then be offered in Amatikulu before being rolled out in all the regions. "Growers can easily access their funds now by coming to the Felixton offices on a Wednesday and Thursday.  We are striving to provide an efficient service by following up on all transactions to make sure they are finalised timeously for the growers," Keal said.

Image: Immaculate Sibisi who is in charge of administration for SA Canegrowers in the Felixton area is ready to assist growers with their Umthombo Financial Services needs.