Page 5 - Standard Bank KZN Top Business Awards powered by the eLan Group 2017

Standard Bank

AGRICULTURE

HE WINNER IS... leveraging off its current base to is well aware of the significant representing a total area of over NCT’s mission is to assist members
maximise revenue from these economic activity the diversified 300 000ha - 21% of afforested land to achieve their full forestry
TTongaat Hulett products. The business’s sugar supply chain supports. in South Africa. potential and optimise financial
Tongaat Hulett is an operations are well placed to results on a sustainable basis.
agriculture and agri-processing benefit from evolving dynamics Illovo has established itself NCT is recognised as an Members not only benefit from
international supplier of quality
business, focusing on the of renewable electricity and as a reliable implementing round wood timber, hardwood the wide range of services NCT
complementary feedstocks of ethanol in South Africa, and the agent of multi-stakeholder pulp chips and the largest offers, but also share in its
sugarcane and maize. Its ongoing SADC region. Value creation for agricultural developments forestry marketing organisation profits and qualify for bonuses
activities in agriculture have all stakeholders through an all- focused on communal farmers in south. NCT also has limited based on their patronage and
resulted in the company having a inclusive approach to growth and and land reform beneficiaries access to international biofuel committed supply, depending
substantial land portfolio within development is a key focus area for in situations where sugarcane markets.
the primary growth corridors of the business and Tongaat Hulett is selected as the most suitable on available funds. 
KwaZulu-Natal with strong policy regards its constructive interfaces enterprise to derive value from
support for conversion at the with governments and society to the land. Illovo guarantees a
appropriate time. A core element be of significant importance. market for sugarcane from these
of Tongaat Hulett’s strategic projects and provides extension,
vision is to maximise the value FINALISTS administrative / governance and
generated from the conversion mentorship support and has
of land in the portfolio by Illovo Sugar South Africa a vested interest in delivering
responding to key demand drivers Illovo Sugar South Africa (Pty) successful projects because of its
and identifying its optimal end Ltd has a long history and position in the value chain.
use for all stakeholders. Through proud association with primary
its sugar and starch operations, agriculture in KwaZulu-Natal. NCT Forestry Co-Operative
Tongaat Hulett produces a range Approximately 94% of the NCT Forestry co-operative for
of refined carbohydrate products sugarcane throughput for its mills private and independent timber
from sugarcane and maize, with is procured from private growers growers established in 1949.
a number of products being farming on communal, state and
interchangeable. Global sweetener private title land. Illovo is an agri- As a co-operative, its members
markets continue to be dynamic processor with heavy industrial who share in profits, own NCT.
and the business seeks to optimise plant situated in the deep rural Today membership stands at Agriculture Award was won by Tongaat Hulett (Photo: ISh K Bugwandass, eLan Property
its various market positions, areas. As a large employer, Illovo 1 800 shareholding members, Group)

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