The introduction of the United States dollar amongst other currencies has also seen the company incorporate operations Zimbabwe back onto its balance sheet.
Many companies that have subsidiaries locally had struck off trading figures from the country during the hyperinflationary years.
In a statement accompanying the companys financial results, Tongaat Hulet said during the year under review sugar production amounted to 259 000 tonnes.
The company recorded 298 000 tonnes of sugar in 2008 but the obtaining situation then meant the company realized little in terms of real profit.
The group said sales to the countrys domestic market of 153 000 tonnes were undertaken in US dollars at levels in line with regional pricing while 146 000 tons were exported to the European Union.
The economic situation that prevailed in Zimbabwe in 2008 had a negative impact on the 2009 harvest and sugar production levels.
A recovery programme is currently underway, focused on improving cane yields and the re-establishment of out-grower cane lands, so as to restore sugar production to the existing installed capacity of 600 000 tons per annum, the company said.
Tongaat noted that the accounting treatment, in terms of International Financial Reporting Standards, on the commencement of consolidation of these operations gave rise to a balance sheet take-on gain of R1, 969 billion.
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