Another KZN-based sugar mill enters business rescue

  • 📰 ecr9495
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The South African Canegrowers Association says it's very concerned about operations at Gledhow sugar mill, which's been placed under business rescue. ECRNewsWatch

The Stanger-based mill services 245 growers, who produce 6% of the industry's total output.SA Canegrowers' chairperson Andrew Russell says the move signals an acute crisis in the sugar industry, after Tongaat Hulett also entered business rescue in October.He says sugar milling operations on the KZN north coast face uncertain times.

"As the new season commences on 1 April 2023, Gledhow's supplying growers now face similar uncertainty as to whether the mill will operate normally and whether it will be able to make payment for sugarcane delivered and meet its financial obligations to the industry. "Given the importance of the mill, SA Canegrowers is therefore engaging extensively with the mill management, the South African Sugar Association, and with its grower members. We will make every effort to support Gledhow supplying growers, and to protect the livelihoods the industry supports."

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 38. in BE

Belgique Dernières Nouvelles, Belgique Actualités