Sunday, 19 May 2024
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Sugar

R176m lifeline extended to growers as sugar industry battles milling sector crisis

SA Canegrowers welcomed the disbursement of R60 million in transformation intervention funding to black and small-scale canegrowers through the South African Sugar Association, said...

Appointed strategic equity partner plans to modernise and expand sugar plants

THE business rescue practitioners announced on July 21 that the preferred strategic equity partner for Tongaat Hulett Limited had been selected. The proposed transaction...

Fasteners remain secure

ACCORDING to BMG specialists, vibration and shock can quickly impair joint integrity and negatively affect overall product performance, especially in demanding applications in sugar...

Durban workshop provides valuable support for sugar processing equipment

BMG’s regional workshop in Riverhorse Valley, KwaZulu-Natal, plays a critical role in the sugar sector by providing engineering solutions designed to optimise productivity for...

Replaced diffuser chain enables higher extraction rate at sugar mill

SALCHAIN recently manufactured and supplied a 1.2 km 250mm pitch replacement diffuser chain to RCL FOODS’s - Komati Sugar Mill in Mpumalanga. The chain, which...

RCL taking legal action as extra R234m ‘special levy’ hits sugar business

RCL FOODS is expecting a 30% drop in earnings per share driven by a special levy raised by the South African Sugar Association on...

Amended Tongaat rescue plan to be put to vote before October

VOTING on the business rescue plans of Tongaat Hulett Limited (THL) and its subsidiaries, Voermol Feeds (Voermol) and Tongaat Hulett Sugar SA (THSSA), was...

Business rescue plan released for Tongaat’s property arm

THE business rescue plan for Tongaat Hulett Developments (THD) was released last week and creditors will vote on the plan on May 30. On...

Fingers point to BRPs for canegrowers’ loss of revenue

SA CANEGROWERS is disappointed by the 8% drop in the final price that growers will receive for the cane processed (the RV price) for...

Gledhow sugar mill in business rescue

SA Canegrowers noted with grave concern last week that the Gledhow sugar mill has been placed under business rescue. This announcement is a further...

Delay in Tongaat group’s rescue plan and CEO departs

TONGAAT Hulett has asked for a month’s extension to the January 31 deadline to publish the group’s business rescue plan. Tongaat Hulett Limited (THL),...

Business rescue is ‘not the end’ for 130-year-old company’s operations

TONGAAT Hulett has advised shareholders that the Board has commenced voluntary business rescue proceedings for two operations in South Africa, Tongaat Hulett Limited and...

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Paper, pulp and forest group delivers better than expected quarterly results

COMMENTING on the group’s results, Sappi CEO Steve Binnie said: “Within the context of subdued underlying market conditions due to the challenging macroeconomic environment...

Workers can be empowered with modern incentive solutions

IN the ever-evolving landscape of workplace safety and employee engagement, the significance of incentivisation cannot be overstated. This is clearly apparent in multiple sectors,...

Last-mile fuel delivery enhanced with state-of-the-art technology

LEADING supplier in bulk tanker fuel transportation and supply chain solutions, Unitrans, is optimising supply chains by leveraging cutting-edge technology to enhance last-mile fuel...

Seifsa and Numsa conclude 3-year agreement in record time

AFTER three formal engagements, Seifsa and Numsa have concluded the terms of a historic three-year wage agreement for the period 1 July 2024 to...