Sugar industry in South Africa making progress on implementing master plan

Published 2023년 2월 16일

Tridge summary

The South African Sugar Association (SASA) has highlighted the positive impacts of the Sugarcane Master Plan on the local sugar industry, despite challenges such as natural disasters and global events. The plan has aimed to stabilize the industry and increase local sugar procurement, with efforts to double local demand by 2023 partially successful. SASA is advocating for a stable sugar tax situation and financial support to maintain the industry's growth and transformation, particularly in benefiting black farmers and industrialists. The industry's future lies in diversifying downstream value chains and improving efficiencies, with significant investments made in transformation initiatives and task teams focused on key areas.

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Original content

The advent of the Sugarcane Master Plan has been a crucial intervention aimed at stabilising the sugar industry and putting it on an upward growth trajectory, especially as it has been impacted negatively by recent events, says the South African Sugar Association (SASA). The ambitious plan has sought to ensure that 95% of sugar is locally procured and that local demand doubles from 150 000 t to 300 000 t by 2023. SASA reports that the industry managed to restore 170 000 t of sugar demand in the local market, against a target of 150 000 t in Year 1 of Phase 1 of the Master Plan. Phase 1 of the plan comes to an end in March after three years. Overall, Phase 1 was aimed at restoring 300 000 t of sugar demand in the local market over the three years, but this target will be missed by 20 000 t, come the end of March. There are currently discussions on whether Phase 1 needs to be extended or whether industry should proceed with Phase 2. SASA explains that the sector’s performance in ...

Source: Engineeringnews