RV Price Avg. price per ton: R4 205.68 D'Factor: 0.403851 May 2019

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The South African Cane Growers' Association has welcomed government's undertaking to investigate ways in which the 'imminent collapse" of the sugar value chain can be prevented.

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From herding cattle to successful commercial sugarcane farmer, KwaZulu-Natal South Coast grower, Dono Bohlela says while his road to success may have been littered with hardship and tragedy, the sacrifices he made were not only worth it, but have now begun to pay off.

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Shares in Africa's largest sugar producer, Tongaat Hulett, fell as much as 33% on Friday after the troubled firm announced that it may have to restate its financial results going back a number of years following a strategic review.

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No sugar-coating bitter budget pill

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The South African sugar industry is facing a crisis, and the South African Cane Growers’ Association warns that this R14 billion/ year industry is in danger of “imminent collapse, putting 350 000 jobs at risk”.

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THE deputy chairperson of the South African Cane Growers' Associationhas called on Minister of Trade and Industry Rob Davies to place a moratorium on the country's sugartax until its true impact is known.

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