Sugar industry under strain

KZN sugarcane growers at a recent general meeting announced that sugar tax, among other issues, hampers their sustainability.

Sugarcane growers in KZN are under immense pressure and struggling due to a lack of investment, with one major contributor, Tongaat Hulett, under business rescue.

The sugar industry is still grappling with the long-term effects of these sugar mills’ financial distress and needs to prepare for potential failures in the business rescue processes.

Added to this is the concern over the Health Promotion Levy (or ‘sugar tax’) which, canegrowers said recently at their annual general meeting held on the North Coast, undermines the sustainability of the industry that supports a million jobs and rural livelihoods.

Read the full story on The Witness.

Read original story on witness.co.za

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Ruan de Ridder

A digital support specialist at Caxton Local Media, known for his contributions to the digital landscape. He has covered major stories, including the Moti kidnappings, and edits and curates news of national importance from over 50 Caxton Local News sites.
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