SA’s sugar mill crisis hinders the diversification of the industry – SA Canegrowers
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The continued financial instability at South Africa’s sugar mills is hindering the diversification of the industry to renewable energy. This is according to the Chairman of SA Canegrowers, Andrew Russell, who was on the OFM Business Hour to discuss the recent 8% reduction in canegrowers' revenue due to Tongaat Hulett’s failure to settle its R900 million bill to the South African Sugar Association (SASA) in March 2023 as well as Gledhow Sugar Company’s recent default.
