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South Africa headquartered sugar processor Tongaat Hulett Zimbabwe has stopped renewing contracts for temporary workers due to low activity at the company. The company’s sugar operations in Zimbabwe comprise Triangle Sugar Estates and the 50,3 percent holding in Hippo Valley Estates.
The Zimbabwe operations farm 29 000 hectares with a demonstrated potential to produce in excess of 3,4 million tonnes of sugar cane annually.
Private growers have been allocated a further 15 800 hectares, all of which were previously under cane and have a demonstrated potential to produce in excess of 1,5 million tonnes of cane annually.
A source at the company who declined to be identified confirmed the development.
“Currently they cannot buy anything new or start a new project due to financial constraints,” he said.
Company chief executive officer Sydney Mutsambiwa declined to comment.
The Triangle and Hippo Valley Estates sugar mills have a combined installed capacity to crush in excess of 4,8 million tonnes of cane annually and produce over 600 000 tonnes of sugar.
Refining capacity is 150 000 tonnes per annum. – New Ziana.
Online Reporter