The plantations were previously leased by NCT and managed long-term until the lease expired in 2016. Unfortunately, the neglect over the past eight years since NCT's lease was not renewed has led to significant revenue losses for the municipality, which has been under administration for five years.
It is estimated that, managed sustainably, the plantations could produce roughly 21,700 tons per year, generating revenue of about R26 million annually.
Read the full article on WoodBiz Africa – https://www.woodbizafrica.co.za/february-2024-issue-34/#february-2024-issue-34/40/
