March 30, 2010
Illegal Government guarantees $120mill loan for Fiji Sugar Corporation
On the heels of the recent payout to cane farmers, the Fiji Sugar Corporation (FSC) has been granted a Government guarantee for a $120mill short-term loan and is considering reducing their workforce by 600 -- as part of FSC's moves to restructure the organisation and implement reforms.
Already the FSC is whining about the non-realization of cane harvests that they expected. The issue is not about idle land but rather the returns that cane farmers themselves are perhaps not realizing.
This is a lesson for the military regime and their sales pitch that land reforms will benefit us all --- they can make all the policies they want, but at the end of the day it falls on individuals to make good on the grand idea's.
And if they're not feelin' it, it simply ain't gonna fly.