Illovo speaks out on govt’s call to reduce price of Sugar

Illovo Sugar Limited has said it has not committed to reduce the price of Sugar as portrayed by the Ministry of Trade through a statement issued today.

In a written response, Olive Kawelama, who is the Communications and Stakeholder Relations Manager for the company, said Illovo was only requested during a meeting held on Sunday, to consider reducing the price.

“Our understanding of the discussions was that the ministry requested Illovo to consider revisiting the price of industrial sugar as a condition for the ministry to consider cancelling the licenses for the importation of sugar. Illovo undertook to revert to the ministry within a week and is yet to submit its response as the one week has yet to expire”, said Kawelama.

She added that the company will internally evaluate the press release issued by the Ministry of Trade and Industry, to directly respond to the ministry.