Company Overview

The Company is listed on the Lusaka Stock Exchange (LuSE) and is a subsidiary of Illovo Sugar Limited which through Illovo Group Holding Limited (IGHL) holds 76% of the issued share capital while the remaining shares are held by local institutional investors (pension funds, banks, companies) and over 3 000 members of the public, including employees.

Following the acquisition of 50.9% shares from Tate and Lyle in 2001, Illovo Sugar Limited made a mandatory offer to minority shareholders and increased its shareholding to 89.71% before taking selling down to 76%. Illovo Sugar Ltd is Africa’s biggest sugar producer and has extensive agricultural and manufacturing operations in six African countries. The Company is based at Mount Edgecombe, “KwaZulu-Natal”, South Africa and was founded in 1891. It is a subsidiary of Associated British Foods Plc, which initially held 51% of the issued share capital but now holds a 100% stake in the company.

Associated British Foods Plc was founded in 1935, and is now a diversified international food, ingredients and retail group with over 96 000 employees in 44 countries. Associated British Foods Plc has sales and manufacturing operations across Europe, the Americas, Africa, Asia and China. The business is split into five segments: Sugar; Agriculture; Retail; Grocery; and Ingredients. The Sugar segment comprises of its sugar processing business, based in Europe, Africa and China, and is the second largest in the world. Headquartered in London, United Kingdom, ABF is listed on the London Stock Exchange (LSE).

A Trusted Market Leader

Zambia Sugar markets its products under the WHITESPOON brand with a product range that comprises Brown, Household, Refined, Castor, Icing, Rich dark, Golden Syrup, Treacle Syrup, Maple Syrup, Molasses, Industrial Brown, Industrial Household, Bottler grade, Demerara, Golden granulated and Raw sugar for refining. Zambia Sugar has a well-developed local distribution network delivering sugar to all districts in Zambia. This is done through a well organised depot system that ensures Whitespoon products are available, anywhere and everywhere in Zambia. Whitespoon Industrial Sugar Range has been used in beverage, confectionery and food processing industries for decades. The company is committed to providing world class quality sugar products which meet international standards such as ISO 9001:2008 and Bottler Grade Sugar.

Zambia Sugar’s strategic location in the Southern African Development Community (SADC) region makes it a supplier of choice for quality sugar and downstream products in the region and beyond. The regional export market includes the Great Lakes Area (GLA), Democratic Republic of Congo (DRC), Southern Tanzania, Zimbabwe, and the Southern African Customs Union (SACU). While the regional market is mainly supplied with Household Sugar, Brown Sugar and Industrial Refined Sugar, and with scaling down on the European market the company is focused on increasing penetration in the regional markets.

Caring for our employees

The Company offers sustainable and meaningful employment. Zambia Sugar runs a large estate with more than 2 900 housing units, accommodating over 16 000 people and provides municipal type utility services such as water and sewerage services, road maintenance, recreation facilities and refuse removal on the estate. Zam­bia Sugar has a number of potable water treatment plants on the estate to provide safe drinking water to the employees and their families and to minimise water borne diseases.

Creating Shared Value (CSV) 

The company supports communities through its Corporate Social Responsibility (CSR) and Corporate Social Investment (CSI) initiatives. However, in an effort to create more impact, Zambia Sugar has embarked on a step-change from a CSI focus to a Creating Shared Value (CSV) Strategy, adopting developmental and inclusive approaches to cultivate more value from both employee-related and wider community investments.

Creating Shared Value

The CSV approach involves incorporating stakeholder management, particularly engaging with communities and small businesses in our value chain to exploit opportunities that present shared value tenets for sustainability.

As a premier agro-processing enterprise, creator of wealth and a major employer, Zambia Sugar plays a significant economic role, contributing towards empowering emerging businesses and supplementing government’s efforts to improve socio-economic development. Zambia Sugar also creates value in its production processes, from growing raw material to producing, distributing and marketing sugar for consumption. This value chain creates multiple benefits to suppliers, contractors, distributors, customers and employees, and contributes to government through both direct and indirect taxes. Additionally, Zambia Sugar contributes to foreign exchange earnings for the country through its significant exports to both the regional and European markets.