Goals and objectives

Primary objectives

  • To achieve sustainable, balanced and integrated economic, social and environmental performance
  • To provide all employees with a working environment that is safe and without risk to their health

Growth

  • To expand the group’s sugar and cane production profitably
  • To consolidate and improve the profitability of downstream products and develop new applications where appropriate
  • To maximise usage of bagasse and biomass to generate electricity for own operations and to supply power into national grids where economically viable
  • To seek new opportunities for sugar and downstream products nationally and internationally

Profitability

  • To achieve a competitive rate of return on shareholders’ funds and increase profits on an ongoing basis in real terms
  • To maintain a distribution/dividend cover of at least two times

Asset management

  • To manage investments in fixed assets and working capital so as to achieve the most efficient usage of funds employed, with the objective of not exceeding gearing of 40% over the long term and achieving an interest cover of not less than five times

Product development

  • To be proactive in identifying the needs of customers
  • To consistently deliver quality products and services to customers
  • To undertake research and development to improve returns, and develop new products and applications, from its core commodity products using every stick of cane

Human resources

  • To promote the ongoing development of all employees in order that they reach their maximum level of competence and participate fully in achieving the group’s objectives
  • To offer equal opportunity to all employees

Corporate governance

  • To ensure that the company is managed in an efficient, accountable, responsible, transparent and ethical manner
  • To be socially responsible, and maintain and develop appropriate ethical, social environmental and risk management standards as an integral part of the business
  • To take cognisance of all stakeholders’ interests in the group’s business

AGM

Date: Wed, 15 July

Time: 14:00

Venue: Illovo Sugar Park


Notice of AGM

Proxy

Contact Us

Illovo Sugar Park, 1 Montgomery Drive, Mount Edgecombe, KwaZulu-Natal

Tel: +27 31 508 4300