RV Price Avg. price per ton: R4 209.37 D'Factor: 0.403078 July 2019

Latest News

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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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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