GLOSSARY OF TERMS
- Bagasse - Bagasse is a fibrous co-product of the sugar
crushing process which can be used as an ingredient in the
production of animal feeds, or burnt to generate electricity
- Bulk infrastructure - The large-scale roads, sewerage, water,
electrical and drainage works necessary to enable a land
holding to be converted from agricultural to other, higher
value usage
- CDP - Previously Carbon Disclosure Project
- Developable hectares - The area of a land holding left over
after deducting areas not available for development, such
as very steep, geologically unstable or environmentally
sensitive land. These hectares will carry both sites that can
be sold as well as roads, parks and other amenities
- ESOP - Employee Share Ownership Plan
- Ethanol - Ethanol is pure alcohol, produced through the fermentation of sugar
- EU - European Union
- GHG emissions - Greenhouse gas emissions
- Glucose - Glucose is a simple sugar found in plants
- Greenfield - Starting a new business venture from scratch
- Land conversion - The activity, consciously and proactively undertaken by
Tongaat Hulett, of moving appropriate components of its land holdings from an
agricultural land use to other uses in order to create and realise value for a
range of its stakeholders
- Land development - An activity within the land conversion process that includes
the installation of services to a land holding, its establishment as a township and
the sale of individual subdivisional stands, sometimes with a range of additional
value-adding services provided to the buyer
- LTIs - Lost Time Injuries
- LTIFR - Lost Time Injury Frequency Rate
- Molasses - Molasses is a viscous co-product of the process of refining sugarcane
- MSOP - Management Share Ownership Plan
- Renewable energy - Renewable energy is as energy that comes from natural resources which
are organically replenished
- RSE - Raw Sugar Equivalent
- SACU - Southern African Customs Union, whose membership
includes Botswana, Lesotho, Namibia, South Africa and
Swaziland SADC - Southern African Development Community
- Shovel ready land - The status of an element of the land portfolio where environmental (EIA),
zoning and subdivisional permissions are sufficiently advanced that it is assessed that,
within a short space of time (generally around six months or less), physical work on both
infrastructure and buildings could be commenced. A key consideration in the ability to realise
optimum value from a particular land holding
- Sorbitol - Sorbitol is a sugar alcohol which is produced through the reduction of glucose
- FTSE/JSE Responsible Investment Index - Socially Responsible Investment index of the JSE Limited
- Sucrose - Sucrose is table sugar (or cane sugar or beet sugar)
- The Jobs Fund - A National Treasury initiative with the goal to address the challenge of unemployment in South Africa.
It forms partnerships, through grant funding, with public,
private and civil society organisations on projects that will
significantly contribute to job creation
- US c/lb - US cents per pound
