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.
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.
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.