The management of Vaalharts Cotton, located in Hartswater, officially took over the management of the Loskop Cotton Gin in Marble Hall. The cotton ginnery in Marble Hall will, during this transition period, be known as Vaalharts – Loskop Cotton.
Vaalharts Cotton’s managing director, Louis Olivier and the chief financial officer, Johan Wolhuter, will also fulfil these respective roles at the ‘new’ Vaalharts – Loskop Cotton.
Olivier has nine years of experience in running a cotton ginnery. He is a qualified agriculturist with 30 years’ experience in the cotton industry, both as a farmer and a businessman. Wolhuter is financially qualified and has been handling the financial management function at Vaalharts for the past two years.
The ginnery will continue to operate without any interruption. The current rumours that Loskop Gin is closing its doors are therefore unfounded. Vaalharts Cotton and Vaalharts – Loskop Cotton will be managed as two independent business units, each with its own board of directors.
Olivier says he is aware of the historical challenges that need to be addressed. However he is optimistic that the South African cotton industry is core-healthy. With the application of a successful Vaalharts business model, they will once again develop the ginnery in Marble Hall to new heights.
Relationships restored; growth stimulated
The Loskop Cotton Gin was upgraded in 2018. This upgrade brought its challenges, which, along with Covid-19, forced the board to rethink the ginnery’s management. The board of directors, chaired by Jannie Terblanche, is satisfied that the processes to sort out the problems are in place and that relationships will be restored to stimulate the local cotton industry’s growth anew.
Terblanche says he and the board of directors are grateful for the expertise Vaalharts Cotton brings to the table and for their willingness to assist the Loskop directors with their new strategic journey. He looks forward to the collaboration for the benefit of the greater cotton industry.
Olivier believes in a transparent management style with open communication among the ginnery, the producers, and all the role-players in the cotton pipeline. He is convinced that co-operation and trust between role-players are the basis on which the industry must build its success. – Press release, Loskop Cotton Gin