Robert Gumede
In the news
The IDC-Vision sweet deal deserves scrutiny, not scorn
An examination of the IDC's equity partnership with Vision Sugar Group in Tongaat Hulett reveals a strategic pan-African deal that converted distressed debt into productive…
Accelerate diversification in the sugar sector to cushion jobs, say key roleplayers in the industry
Following a landmark deal, key players in South Africa's sugar industry advocate for diversification into biofuels and other products to save jobs and drive growth. This…
R1.5bn lost to cheap sugar imports
South Africa's sugar industry has lost an estimated R1.5 billion due to a surge in cheap sugar imports, primarily from India, Guatemala, Brazil, and Thailand. Despite a recent…
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…
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…
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…