Illovo Sugar (Malawi) Limited

Illovo Sugar (Malawi) Limited is listed on the Malawi Stock Exchange with the Illovo group holding 76% of the issued share capital and the balance being held by institutional investors and the public. The company is Malawi’s only sugar producer with significant agricultural, milling and refining assets at the Dwangwa sugar estate situated in the mid-central region and at the Nchalo sugar estate in the south of the country. In a normal season, combined with supplies of cane from Malawian small-holder growers, around 2.5 million tons of cane can be produced in Malawi enabling the production of approximately 330 000 tons of sugar. The Malawi operations currently employ approximately 5 400 permanent employees and more than 4 500 seasonal workers, and in 2011/12 contributed 39% of total group operating profit.

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