Mail & Guardian
Mail & Guardian
Robert GumedeIn the news
High stakes: South African businessman Robert Gumede
BUSINESS RESCUE

The African duo entrepreneurs who saved Tongaat Hulett

South African billionaire Robert Gumede and Zimbabwean deal-maker Rute Moyo have joined forces through their Vision Sugar Group to rescue the beleaguered sugar giant Tongaat…

  • Sandile Motha
7 min read
Ghost towns: The mills in Tongaat, Maidstone and Felixton have fallen silent. Photo: Delwyn Verasamy
SUGAR INDUSTRY

Black capital saves sugar giant

A crucial agreement between the Robert Gumede-led Vision Group and the Industrial Development Corporation (IDC) has successfully halted the liquidation of Tongaat Hulett Limited…

  • Editorial
2 min read
The collapse of THL would have spelt disaster for the KZN economy and many other rural towns who rely on the sugar sector for survival.
SUGAR INDUSTRY

Business rescue practitioners and key stakeholders strike deal to save Tongaat Hulett

KwaZulu-Natal sugar giant Tongaat Hulett Ltd (THL) has been saved from liquidation after a binding agreement was reached between Business Rescue Practitioners, the Industrial…

  • Sandile Motha
3 min read