Illovo increases employees salaries, allowances by 15%

Illovo Sugar Company has increased salaries and allowances of its employees by 15 percent

Human resources director Khumbo Mtambo Banda says they have reviewed the companies’ earnings in response to recent devaluation of kwacha effective 1^st November

Additionally to support the employees during these challenging times Illovo management has decided to provide a once off gross amount of 150, 000 as assistance for fertilizers and farm inputs in November

Illovo has emphasized the importance of evaluating spending patterns and making judicious decisions to navigate the volatility in these uncertain times