Mpumalanga sugar cane and macadamia farms gain high ROI
Demand for sugar cane farms and land suitable for sugar cane farming in the verdant Nkomazi Municipal District in the Mpumalanga Lowveld has resulted in a major shortage of stock.
“Some 30% of South Africa’s total sugar output is produced by the three Remgro-owned TSB mills, of which one is situated near Malelane and another near Komatipoort – both within Nkomazi. In 2004, sugar cane land in these areas sold for R40,000 to R55,000 per hectare. Now, 10 years later, it is selling for R100,000 to R200,000 per hectare, reflecting an extremely healthy increment of 13% per annum compounded.
Follow the link below to read the full article: