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

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The sugar producer and landowner will enter into discussions with its lenders this week as it prepares to report a full-year loss.

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In what is believed to be a first for South African agriculture, SA Canegrowers has designed a unique funeral benefits scheme for farm workers employed by the association’s commercial members and for the industry’s small-scale growers. The scheme for large-scale grower employees has been in operation for 18 months and the scheme for small-scale growers was launched in October last year. Over 5 000 main members are now insured under the plan and approximately R1 million has already been paid out in claims to date.

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The South African Canegrowers Association is calling on Finance Minister Tito Mboweni to rethink the sugar tax before delivering his budget speech tomorrow.

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The South African Canegrowers Association on Monday revealed that the sugar tax (or health promotion levy) has cost the sugar industry nearly R1 billion since its implementation on April 1, 2018.

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SA Cane Growers’ Association says that its impact on obesity is still questionable, but its knock to the economy and jobs is certain

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The South African sugar industry has been in a state of crisis and is on the risk of a collapse resulting in massive job losses. Graeme Stainbank, Chairperson of SA Cane Growers joins CNBC Africa for more.

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