Tongaat Hulett Limited
Registration No: 1892/000610/06
JSE share code: TON
Tongaat Hulett’s total sugar production for the 2011/12 year is expected to increase by some 14 to 1,150 million tons. More than 80 of the season’s cane had been milled by the end of October 2011. Sugar production for the year in Mozambique is expected to be approximately 45 above last year, production in Zimbabwe should rise by 10 and in South Africa it should increase by some 8 over that of last year. Good progress is being made in these countries related to increasing cane supply, with the area under cane increasing and the positioning of the crop improving. In the present economic conditions few hectares are generally being sold for land and property development. The starch business has benefitted from improved co-product recoveries and world competitive maize costs.