DOCSLIB.ORG

Timba Martha Reg Number : B1440446 Degree : Bachelor of Agricultural Science H

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Timba Martha Reg Number : B1440446 Degree : Bachelor of Agricultural Science H RELEASE FORM Author : Timba Martha Reg Number : B1440446 Degree : Bachelor of Agricultural Science Honours Degree In Agricultural Economics And Management Project Title : An Analysis of Socioeconomic Factors Influencing Sugarcane Production: A Case of Hippo Valley Out grower Farming Community. Permission is hereby granted to Bindura University of Science Education Library to produce a single copy of this dissertation and lend such copy for private, scholarly or scientific research only. Signed ................................................ Permanent Address: 2990/11 Chechekunde Cres Hillside Masvingo Date : October 2018 i APPROVAL FORM The undersigned certified that they have supervised and recommended to Bindura University of Science Education for acceptance of dissertation entitled… An analysis of socio economic factors affecting sugarcane production: A case of Hippo Valley out grower farming community. Submitted in partial fulfillment of the Bachelor of Agricultural Science Honours Degree in Agricultural Economics and Management Name of supervisor: Mr. N Mafuse Signed ………………………………………………………. Date ………………………...................................................... ii DEDICATION I would like to dedicate this project to my parents and to my little sisters. You are my pillar of strength, always there for me during times of happiness and sadness. Thank you for motivating me and for your financial support during my studies. iii ACKNOWLEDGEMENTS Firstly, I would like to acknowledge greatly the guidance and help from God, thank you for being there for me and continuously blessing me with endless opportunities. Thank you for giving me the strength to pull through each day regardless of the challenges that I faced. I want to thank my parents for their unconditional support through prayers, motivational and financial support, God bless you. To my sisters, your support is highly appreciated. Special thanks goes to my project supervisor, thank you for assisting me when I was doing this project. You contributed a lot to the success of this project, your support is greatly appreciated. God bless you. I would like to thank all the lectures from the department of Agricultural Economics and Extension for their great work and advices and intellectual support on this project. iv ABSTRACT Production of sugarcane in the out grower farming community has been decreasing and remained well below the expected standards. This study sought to investigate the socio- economic factors affecting sugarcane production of out grower farmers in the Lowveld area of Zimbabwe with particular reference to Hippo Valley A2 outgrower farming community in Chiredzi District. The specific objectives of the study were to identify the socio-economic factors affecting sugarcane production, to measure technical efficiency of the sugarcane farmers and to measure the costs and returns of sugarcane (profitability). A sample of 50 farmers was randomly selected and was interviewed with a questionnaire. The following analytical tools were employed for data analysis, linear regression to analyze socio economic factors, stochastic production frontier approach to measure technical efficiency and lastly gross margin analysis was used as a proxy indicator of profitability. Results from the study revealed that farm size, farming experience, age significantly affected yield at 1% level of significance, credit access at 2% level of significance and extension contacts at 3% level of significance. However the following factors were not significant occupation, marital status, level of education and household size. The mean technical efficiency of the farmers was 0.69 meaning farmers are less efficient in sugarcane production. Thus, a mean technical efficiency score of 69% outputs on all the farmers in the area can be increased by 31% through a more effective use of their input bundle given their current state of technology they are using. Thirty-six percent of the farmers have technical efficiency ranging from 0.7 to 0.75. Farmers selected for the study have an average annual revenue of $5652.5 per hectare, variable costs of $5320 per hectare giving them an average gross profit of $332.5 per hectare. The research concluded that the farmers are not technically efficient that’s why they are having high costs of production. The researcher recommends that the interest rates being charged to farmers by financial institutes should be reduced to increase sugarcane production, farmers should be linked to more extension agents and also acquire or rent some land to increase their yields. v TABLE OF CONTENTS RELEASE FORM ............................................................................................................................ i APPROVAL FORM ........................................................................................................................ ii DEDICATION ................................................................................................................................ iii ACKNOWLEDGEMENTS............................................................................................................ iv ABSTRACT ..................................................................................................................................... v LIST OF TABLES......................................................................................................................... viii CHAPTER ONE .............................................................................................................................. 1 INTRODUCTION ........................................................................................................................... 1 1.1 Background of the study ........................................................................................................ 1 1.2 Problem statement ................................................................................................................. 2 1.3 Research questions ................................................................................................................. 3 1.4 Objectives ............................................................................................................................... 3 1.5 Hypothesis .............................................................................................................................. 4 1.6 Significance of the study ........................................................................................................ 4 1.7 Scope and limitations ............................................................................................................. 4 1.8 Organisation of the study ...................................................................................................... 4 CHAPTER TWO............................................................................................................................. 6 LITERATURE REVIEW ............................................................................................................... 6 2.0 Introduction ........................................................................................................................... 6 2.1 Definition of terms ................................................................................................................. 6 2.1.1 Sugarcane production and the Zimbabwean economy ........................................................ 6 2.1.2 Concept of production ....................................................................................................... 6 2.1.3 Production function ........................................................................................................... 6 2.1.4 Efficiency ......................................................................................................................... 7 2.1.5 Profitability ....................................................................................................................... 7 2.2 Sugarcane production trends in Zimbabwe .......................................................................... 7 2.3 Review of empirical studies on sugarcane production .......................................................... 9 2.3.1 Socioeconomic factors affecting sugarcane production ...................................................... 9 2.3.2 Profitability of sugarcane production ............................................................................... 10 2.3.3 Efficiency of farmers in sugarcane production ................................................................. 11 2.4 Summary .............................................................................................................................. 12 CHAPTER THREE....................................................................................................................... 13 METHODOLOGY ........................................................................................................................ 13 vi 3.0 Introduction ......................................................................................................................... 13 3.1 Description of study area ..................................................................................................... 13 3.2 Sampling procedure and sampling size ............................................................................... 13 3.3 Methods of data collection ..................................................................................................
Load more

Recommended publications
  • Parliament of Zimbabwe
    PARLIAMENT OF ZIMBABWE FIRST SESSION - SIXTH PARLIAMENT FOURTH REPORT OF THE PORTFOLIO COMMITTEE ON LANDS, LAND REFORM, AGRICULTURE, RESETTLEMENT AND WATER DEVELOPMENT ON THE VIABILITY OF THE SUGAR INDUSTRY Presented to Parliament on 6 June 2006 [S.C 15, 2006] ORDERED IN TERMS OF STANDING ORDER No. 151: (1) At the commencement of every session, there shall be as many select committees to be designated according to government portfolios to examine expenditure, administration and policy of government departments and other matters falling under their jurisdictions as the House may by resolution determine and whose members shall be nominated by the Standing Rules and Orders Committee. Such nominations shall take into account the expressed interests, experience or expertise of the members and the political and gender composition of the House. TERMS OF REFERENCE OF PORTFOLIO COMMITTEES S.O 152 Subject to these Standing Orders a Portfolio Committee shall: a) Consider and deal with all Bills and Statutory Instruments which are referred to it by or under resolution of me House or by the Speaker, consider or deal with an appropriation or money bill referred to it by these Standing Orders or by or under resolution of this House; and b) Monitor, investigate, enquire into and make recommendations relating to any aspect of the legislative programme, budget, rationalization, policy formulation or any other matter it may consider relevant of the government department falling within the category of affairs assigned to it, and may for that purpose consult
    [Show full text]
  • Zimbabwe: Agriculture Sector Disaster Risk Assessment MARCH 2019
    Zimbabwe: Agriculture Sector Disaster Risk Assessment MARCH 2019 Zimbabwe: Agriculture Sector Disaster Risk Assessment Zimbabwe: Agriculture Sector Disaster Risk Assessment ACKNOWLEDGEMENTS This report was developed by a team led by Azeb donor community, who ensured fruitful and produc- Fissha Mekonnen, Agricultural Specialist of the tive discussions of the findings of this assessment at Agriculture Global Practice at the World Bank. The various workshops. activities were supported by Carlos E. Arce and Jorge The team also extends its appreciation to the Caballero as lead consultants for the overall study. stakeholders from major agricultural supply chains Eija Peju, Alejandra Campero, Ramiro Iturrioz, and that participated at various stages of the fieldwork Easther Chigumira provided specialized analysis and in workshops to discuss the findings. The team is during the risk assessment. indebted to them for encouraging the team to main- Special thanks are due to the team of Zimbabwean tain a realistic and practical perspective. consultants who carried out field assessments for Valuable and constructive comments were various agricultural commodities and livestock received from Diego Arias Carballo, Lead Agriculture and for the valuable and practical comments and Economist (World Bank); John Luke Plevin, contributions they provided to this study: Carren Financial Sector Specialist (World Bank); and Niels Pindiriri, Jacqeline Mutambara, Jacob Gusha, and Balzer, Deputy Country Director (World Food Vimbai Audrey Chandiwana. Willem Janssen, Lead Programme, Zimbabwe), acting as peer reviewers Agricultural Specialist, and Julie Dana, Practice for the study. Mukami Karuki, Country Manager Manager for the Global Facility for Disaster Reduction for Zimbabwe; Mark Cackler, Practice Manager, and Recovery, Barry Patrick Maher, Senior Financial Agriculture Global Practice; and Holger Kray, Lead Sector Specialist, of the World Bank, provided advice Agriculture Economist, Agriculture Global Practice at various stages.
    [Show full text]
  • Integrated Annual Report 20I I Year Ended 31 March a Year of Contrasts
    INTEGRATED ANNUAL REPORT 20I I YEAR ENDED 31 MARCH A YEAR OF CONTRASTS σσ ƭ* ix&uxi8 4xia| x Eiu*x Hib|i4ƭЄЁЄaH[[Hib σσ żauxi*&| x Eab4 xHb?*9 H*b H*|x*|[ *&Hbb*| Ha *&*b*8 i4ƭЃЇaH[[Hib σσ Ƴ?xuxi& HibHbǕHa*?x*ЃЊҟ σσ Ǝb&b&*x|?x b*HbƳi Eʼn4xH Hb x*|*&ІЇЁЇE* x*| σσ Ǝi*| xHb4[[HbƌǕ[νƕ [Ω4ix E*u| ЂІ*x| σσ Ǝi*| |?x xiuHbƳi Eʼn4xH |Hb * E*ЂЊІЄιІЅ|*|ib σσ ƭ* ix&uxi& Hibi4ЇЃЉЁЁЁ ib| E*Ƴi Eʼn4xH b|?xx*8b*xφi*xЂЁЁ*x|i4EH| ixχ σσ Ƴ?xuxi& HibHb x*|*&ЃЅҟHbƔi¦aHw*iu*x Hib| σσ ƭuH&&*ux* H Hibi4 E*Ɣ* H [x*|[ *&Hbb*? H*uxi8 Hau i4|ia*ƭЂЃЁaH[[Hib σσ ЂЁЁ&**[iu[*E* x*|i4[b&|i[&4ix6ix&[*Ei|Hb?HbŘixbH σσ ƭ* ix&uxH *i4ƭЄЇЂЁu*x[XaЃi Hb*&4ix[b&|[*|HbƾaE[b?ƹibŘ*b x* σσ ŹHuuilj[[*Ţ| *νŭi[&ʼnx&4ixƳ4* σσ żb [|HibHb E*ƈƳŢƳƭżHb&* σσ Ǝ**[Ѓŗxi&νŗ|*&ŗ[ XŢ ibiaH Ţaui*xa*b ƭ Hb?4ixƳi Eʼn4xH biu*x Hib| CONTENTS Tongaat Hulett and its Strategic Platform 2 Remuneration Committee 48 Chairman’s Statement 8 Nomination Committee 48 Chief Executive’s Review 10 Management Committees 49 Overview and Strategy 11 Accountability and Internal Control 49 Financial and Operations Review 14 Code of Business Conduct and Ethics 50 Outlook and Conclusion 19 Remuneration Report 50 Sustainability 20 Other Governance Items and Assertions 52 Strategy and Analysis 21 Directorate 53 Performance 24 Segmental Analysis 56 Environmental Stewardship 24 Financial Results with 12 Month Comparatives 57 Third Party Certifications 29 Annual Financial Statements 58 Social Performance 29 Report of the Independent Auditors 59 Safety 29 Directors’ Statement of Responsibility and Approval of Annual Financial Statements
    [Show full text]
  • Revealing the Secrets of African Annonaceae : Systematics, Evolution and Biogeography of the Syncarpous Genera Isolona and Monod
    Revealing the Secrets of African Annonaceae Systematics, Evolution and Biogeography of the Syncarpous Genera Isolona and Monodora Thomas L.P. Couvreur Promotor: Prof.dr. Marc S.M. Sosef Hoogleraar Biosystematiek Wageningen Universiteit Co-promotoren: Dr. James E. Richardson Higher Scientific Officer, Tropical Botany Royal Botanic Garden, Edinburgh, United Kingdom Dr. Lars W. Chatrou Universitair Docent, leerstoelgroep Biosystematiek Wageningen Universiteit Promotiecommissie: Prof.dr.ir. Jaap Bakker (Wageningen Universiteit) Prof.dr. Erik F. Smets (Universiteit Leiden) Prof.dr. Paul J.M. Maas (Universiteit Utrecht) Prof.dr. David Johnson (Ohio Wesleyan University, Delaware, USA) Dit onderzoek is uitgevoerd binnen de onderzoekschool Biodiversiteit Revealing the Secrets of African Annonaceae Systematics, Evolution and Biogeography of the Syncarpous Genera Isolona and Monodora Thomas L.P. Couvreur Proefschrift ter verkrijging van de graad van doctor op gezag van de rector magnificus van Wageningen Universiteit Prof.dr. M.J. Kropff in het openbaar te verdedigen op maandag 21 april 2008 des namiddags te vier uur in de Aula Thomas L.P. Couvreur (2008) Revealing the Secrets of African Annonaceae: Systematics, Evolution and Biogeography of the Syncarpous Genera Isolona and Monodora PhD thesis Wageningen University, The Netherlands With references – with summaries in English and Dutch. ISBN 978-90-8504-924-1 to my parents Contents CHAPTER 1: General Introduction 1 CHAPTER 2: Substitution Rate Prior Influences Posterior Mapping of Discrete Morphological
    [Show full text]
  • Parliamentary Elections 2005 Polling Stations Masvingo
    PARLIAMENTARY ELECTIONS 2005 POLLING STATIONS MASVINGO PROVINCE As published in The Zimbabwe Independent dated March 18, 2005 Polling stations shall be open from 0700 hours to 1900 hours on polling day BIKITA EAST CONSTITUENCY No Polling station Presiding Officer 1 Angus Ranch Primary School Maradza Averlet 2 Bambaninga Primary School Mupfavi Antony 3 Betha Primary School Paradzai Engelbert 4 Boora Primary School Murigo Godfrey 5 Chada Primary School Tamuka Abel 7 Checheni Prinary School Kanjanga Esther D 8 Chedutu Primary School Ziki Christina 9 Chibvuure Primary School Shumba Taitivanhu 10 Chigumisirwa Primary School Rukono Maxwell 11 Chigwite Primary School Makaradza Philemon 12 Chikuku Primary School Mangezi Simbarashe 13 Chinyamapere Primary School Musikavanhu Wilson 14 Chinyika Primary School Mapolisa Taurai 15 Chiremwaremwa Primary School Muresherwa Edson 16 Chisungo Primary School Madzivadondo Edward 17 Chitenderano Primary School Hunde John 18 Chitsanga Primary School Jange Porina 19 Gawa Primary School Makumbo Effeso 20 Gomba Primary School Chigidhani Gabriel 21 Hammond Ranch Offices Mukuwe Ivy 22 Humani Ranch Primary School Garanowako Chrles 23 Kudadisa Secondary School Jange Gladys 24 Machikode Business Centre Mhere Edmore 25 Madzivire Primary School 26 Mafaune Primary School 27 Magocha Primary School 28 Makondo Primary School 29 Mamutse Primary School 30 Mandadzaka Primary School 31 Masapasi Workshop 32 Mashoko Mission 33 Matendere Ranch 34 Mbuyanehanda Primary School 35 Msaizi Ranch 36 Mujiji Primary School 37 Mukanga Primary
    [Show full text]
  • Government Gazette
    ZIMBABWEAN GOVERNMENT GAZETTE Published by Authority Vol. XCIV, No. 58 23rd SEPTEMBER,2016 Price US$2,00 General Notice 246 of 2016. T. S. Chabvepi BVSc Mounted Infantry Regiment Private Bag 329B VETERINARY SURGEONSACT [CHAPTER 27:15] Harare Regi stered Veterinary Surgeons 2016 P. M. Chabvutagondo BVSc 4, Benater Way New Alexandra Park A 5 : e 2 Harare IT is herebynotified that, in terms ofsection 22 of the Veterinary Surgeons Act [Chapter 27:15], the following veterinary surgeons D. Chabwanda BVSc 2, Morwenston Avenue listed in the Schedule were registered and appear in the Veterinary Mabelreign Surgeons Register as at 31st July, 2016. Harare K. L. Chaguma BVSc 1265, Silcox Avenue R. MADEKUROZWA, Houghton Park 23-9-2016. Registrar of Veterinary Surgeons. Harare Sc C. Chaitezvi BVSc Private Bag 6238 TERULE Borrowdale REGISTERED VETERINARY SURGEONS2016 Harare Name Qualifications Address A. Chako BVSc c/o Mr Erinos Chako Pamuzinda Beerhall P.O. Box 43 JR. Allberry BVSc PO. Box 9244 Bulawayo Renco Mine W. Bare BYSc 19, Mimosa Park V. Chamboko BVSc 1027, New Retreat Dalesford Beatrice . Gweru J. P. Chamunorwa BVSc; BSc; Anatomy & Physiology X04 C. A. Bass BVSc 21B, Stortford Road, PhD Private Bag Tynwald Onderstepoort 0110 Harare Pretoria S. Bhandi BVSc PO.Box 9, South Africa Chikombedzi K. L. Chan Jack BVSc P.O. Box HG 48 B. Bhebhe BVSc PO. Box CY 551 Highlands Causeway Harare diarare S. Chanaiwa BVSc; MVM 7473, Muchacha Close 4 K. G. Biffen BYSc 8, Monmouth RoadHillcrest Budiriro Bulawayo Harare I. S. Boye DVM 118, Colne Road P. Chanayiwa BVSc P.O.
    [Show full text]
  • Report Name: Sugar Annual
    Required Report: Required - Public Distribution Date: April 15,2020 Report Number: RH2020-0001 Report Name: Sugar Annual Country: Zimbabwe Post: Pretoria Report Category: Sugar Prepared By: Wellington Sikuka Approved By: Laura Geller Report Highlights: Post forecasts that sugar cane production in Zimbabwe will increase by 4 percent to 3.7 million Metric Tons (MT) in the 2020/21 Marketing Year (MY), based on normal weather conditions, availability of sufficient irrigation water, increase in area planted, improved sugar cane yields, and industry’s success in addressing the pest, Yellow Sugarcane Aphids (YSA). Post forecasts that sugar production will increase by 4 percent to 460,000 MT in the 2020/21 MY, due to an increase in the quantity of sugar cane delivered to the mills, improved sugar cane quality (sucrose content), and improved sugar mill efficiencies (sugar recovery rate). Post forecasts that sugar exports will decrease marginally by 1 percent to 104,000 MT in the 2020/21 MY, based on the projected impact of Covid-19 (Corona virus) on demand and global supply chains especially during the first months of the season. Post forecasts that Zimbabwe will fully utilize the United States Tariff Rate Quota allocation of 12,636 MT. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Commodities: Sugar, Centrifugal Sugar Cane for Centrifugal Sources: Tongaat Hulett - http://www.tongaat.co.za/imc/presentations/presentation.asp Star Africa Corporation - http://www.starafricacorporation.com/ Zimbabwe Sugar Association Experiment Station Zimbabwe National Water Authority - http://www.zinwa.co.zw/ Green Fuels - https://www.greenfuel.co.zw/ MT – Metric Tons Hectares - Ha MY – Marketing Year (April to March) Background Sugar cane in Zimbabwe is grown under canal irrigation in the lowveld area of Triangle and Hippo Valley, in the Chiredzi District, Masvingo Province, as shown in Figure 1.
    [Show full text]
  • The Economics and Policy Implications of Government Investment in Water Amd Irrigation Development in Zimbabwe
    THE ECONOMICS AND POLICY IMPLICATIONS OF GOVERNMENT INVESTMENT IN WATER AMD IRRIGATION DEVELOPMENT IN ZIMBABWE CHARLES JOROBIAH GWENHAMO HOVE DOCTOR OF PHILOSOPHY LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE (UNIVERSITY OF LONDON). UMI Number: U048698 All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is dependent upon the quality of the copy submitted. In the unlikely event that the author did not send a complete manuscript and there are missing pages, these will be noted. Also, if material had to be removed, a note will indicate the deletion. Dissertation Publishing UMI U048698 Published by ProQuest LLC 2014. Copyright in the Dissertation held by the Author. Microform Edition © ProQuest LLC. All rights reserved. This work is protected against unauthorized copying under Title 17, United States Code. ProQuest LLC 789 East Eisenhower Parkway P.O. Box 1346 Ann Arbor, Ml 48106-1346 I H £S £ S ? 6 9 12- THE ECONOMICS AND POLICY IMPLICATIONS OF GOVERNMENT INVESTMENT IN WATER AND IRRIGATION DEVELOPMENT IN ZIMBABWE Charles J.G Hove ABSTRACT The study examines and analyses the Government of Zimbabwe's investment policy in water and irrigation agriculture between 1980 and 1985 from an economic and policy approach. The approach emphasises both the economic and policy implications that result from such public investment. The major objective of the study is to assess whether or not public investment in water and irrigation has satisfied Government economic and policy objectives of 'growth and equity'. The cost-benefit framework has been adopted in the assessment of the performance of the commercial irrigation sector. Using this framework, the study seeks to show whether chosen policies have optimized such economic benefits as economic growth, profitability, foreign exchange earnings, and employment creation, for the costs incurred.
    [Show full text]
  • Habitat Partitioning, and an Assessment of Habitat Suitability Using Presence Data, of a Large Herbivore Community on a Zimbabwean Private Wildlife Reserve
    Habitat partitioning, and an assessment of habitat suitability using presence data, of a large herbivore community on a Zimbabwean private wildlife reserve. Lochran Traill Thesis presented in partial fulfilment of the requirements for the degree of Master of Forestry at the University of Stellenbosch Promoter: Professor R.C. Bigalke March 2003 i Declaration I, the undersigned, hereby declare that the work contained in this thesis is my own original work and that I have not previously in its entirety or in part submitted it to any University for a degree. …….…..……………………………. 01/05/2003 Lochran Traill ii Abstract The factors determining habitat selection of large herbivores, on a private wildlife reserve in semi-arid southeastern Zimbabwe, were investigated. Gross vegetative structure, herbaceous composition and topographic features thought to determine herbivore distribution were measured. Seasonal variation in resource distribution was considered, and research therefore extended over an entire year. Herbivore distribution and ecological niche separation was explained through several important environmental variables, and potential for inter-specific competition inferred. Additionally, predictive habitat suitability models were designed for each of the grazing species in the critical dry season. Herbivores showed a large degree of niche overlap in both the hot- wet season and the cool-dry season, when food resources were more plentiful. Niche separation between grazers was pronounced in the hot-dry season. Herbivore distribution was associated most closely with distance to water, grass sward height, time since burn, woody plant density and by the presence of predominant grasses, these being Urochloa mossambicensis, Panicum maximum, Heteropogon contortus and Digitaria eriantha. Ecological separation of herbivores by the grasses P.
    [Show full text]
  • Zimbabwe Sugar Annual
    THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 4/26/2016 GAIN Report Number: Zimbabwe Sugar Annual The supply and demand for sugar in Zimbabwe Approved By: Justina Torry Prepared By: Wellington Sikuka Report Highlights: Post forecasts that sugar cane production in Zimbabwe will decrease by five percent to 3,180 Million MT in the 2016/17 MY. This will result in a three percent decrease in sugar production to 400,000 MT in the 2016/17 MY. The decrease in sugar production and low stock levels is forecasted to result in a 32 percent decrease in exports to 110,000 MT in the 2016/17 MY. Page 2 Commodities: Sugar Cane for Centrifugal Sugar, Centrifugal Executive Summary Post forecasts that sugar cane production in Zimbabwe will decrease by five percent to 3,180 Million MT in the 2016/17 MY, from 3,348 Million MT in the 2015/16 MY, based on lower cane yields due to the drought conditions that have affected irrigation water availability. As a result, sugar production is forecasted to decrease by three percent to 400,000 MT in the 2016/17 MY, from 412,000 MT in the 2015/16 MY. Post forecasts that sugar consumption in Zimbabwe will marginally decrease by less than one percent to 340,000 MT in the 2016/17 MY, from 342,000 MT in the 2015/16 MY due to the prevailing difficult economic conditions, namely, high levels of unemployment, liquidity challenges and low disposable income.
    [Show full text]
  • 3.-Hippo-Valley-Annual-Report-31-March-2020.Pdf
    HIPPO VALLEY ESTATES LIMITED ANNUAL REPORT 2020 Contents Pages Directorate, Management and Administration 2 Consolidated Financial Summary 3 Statistical Summary 4 Chairman’s Statement and Chief Executive’s Review 5 - 6 Sustainability Report 7 - 11 Corporate Governance 12 - 13 Statement of Directors’ Responsibility for Financial Reporting 14 Directors’ Report 15 -16 Independent Auditor’s Report 17 -21 Consolidated Statement of Financial Position 22 Consolidated Statement of Prot or Loss and Other Comprehensive Income 23 Consolidated Statement of Changes in Equity 24 - 25 Consolidated Statement of Cash Flows 26 Summary of Signicant Accounting Policies 27 - 39 Notes to the Consolidated Financial Statements 40 - 81 Company Statement of Financial Position 82 Company Statement of Prot or Loss and Other Comprehensive Income 83 Company Statement of Changes in Equity 84 Company Statement of Cash Flows 85 Denition of Terms 86 Analysis of Shareholders 87 Note: Unless otherwise stated, all nancial amounts are expressed in Zimbabwean dollar (ZWL). 1 Hippo Valley Estates Limited Directorate, Management and Administration Remunerations Audit and Nominations Board Committee Committee attendance attendance attendance (9 meetings) (4 meetings) (1 meeting) Directorate D L Marokane^ Non-executive Chairman 9 - 1 R D Aitken* (appointed on 01.02.19) Non-executive Director 8 2 - S Harvey^(appointed on 29.07.19) Non-executive Director 7 - 1 A Mhere (appointed on 01.12.19) Chief Executive Ocer 7 - - L R Bruce* Independent Non-executive Director 6 2 - O H Manasah
    [Show full text]
  • The Impact of Large Scale Investments on the Livelihoods of Smallholder Farming Communities: the Cases of Green Fuels and Tongaat Hullett Zimbabwe
    THE IMPACT OF LARGE SCALE INVESTMENTS ON THE LIVELIHOODS OF SMALLHOLDER FARMING COMMUNITIES: THE CASES OF GREEN FUELS AND TONGAAT HULLETT ZIMBABWE Ref: S/Mabhena. D Secretary MINISTRY OF AGRICULTURE, MECHANISATION AND IRRIGATION DEVELOPMENT Department of Agriculture Economics and Markets Policy. Coordination. Markets. Access Authors Bwenje Clemence; Nicholas-Nkomo Grace and Dhlakama Tafadzwa THE IMPACT OF LARGE SCALE INVESTMENTS ON THE LIVELIHOODS OF SMALLHOLDER FARMING COMMUNITIES THE CASES OF GREEN FUELS AND TONGAAT HULLETT ZIMBABWE Authors: Bwenje Clemence; Nicholas-Nkomo Grace and Dhlakama Tafadzwa Published by: Zimbabwe Environmental Law Association Copyright: 2017, Zimbabwe Environmental Law Association (ZELA) This publication may be produced in the whole or in part and in any form for educational or non-proft uses, without special permission from the copyright holder, provided full acknowledgement of the source is made. No use of this publication may be made for resale or other commercial purposes without the prior written permission of ZELA. Disclaimer: This work was carried out with the aid of a grant from the International Development Research Centre (IDRC), Ottawa, Canada. The views expressed herein do not necessarily represent those of IDRC, ZELA or its Board of Governors but the individual author. Year of Publication: 2017 Available from: Zimbabwe Environmental Law Association (ZELA), No. 26B, Seke Road, Hatfeld, Harare, Zimbabwe Email: [email protected]. Website: www.zela.org Twitter: @ZELA_Infor Facebook: Zimbabwe Environmental Law Association Instagram: ZELA_Infor This work was carried out with the aid of a grant from the International Development Research Centre, Ottawa, Canada. the views expressed herein do not necessarily represent those of IDRC or its Board of Governors.
    [Show full text]