Another KZN-based sugar mill enters business rescue

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

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 38. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines