Kenneth Nkambule

The Royal Eswatini Sugar Corporation

RES, located in the north-eastern Lowveld is one of the largest companies in Eswatini. Listed on the Eswatini Stock Exchange, RES is owned by several hundred shareholders, the majority shareholder being Tibiyo Taka Ngwane with 53.1%, followed by Tsb Sugar International (Proprietary) Limited with 26.3%. Other shareholders include the Eswatini Government, the Nigerian Government and Booker Tate Limited. RES grows more than 21 000 hectares of irrigated sugar cane on two estates leased from the Swazi Nation, and manages a further 5,01 hectares on behalf of third parties, which together deliver over two million tonnes of cane per season to the Group's two sugar mills. These two mills currently crush cane at a combined throughput of 780 tonnes per hour, producing an excess of 430,000 tonnes of sugar (96o Pol) in a normal season. RES also operates a sugar refinery, situated at the Mhlume mill, which produces 170,000 tonnes of refined sugar, and a 32 million-litre capacity ethanol plant, which is situated adjacent to the Simunye mill.