Dossier
Illovo Sugar Ltd.
Coverage of Illovo Sugar Ltd. in the Nexus archive.
South Africaplace2Vision Sugarorganization1Tongaat Hulettorganization1Associated British Foodsorganization1Robert Gumedeperson1Rute Moyoperson1George Westonperson1Zambiaplace1Malawiplace1Eswatiniplace1Tanzaniaplace1Mozambiqueplace1RCL Foodsorganization1IDCorganization1The Visionorganization1Century-Old African Sugar Millsorganization1Sezela Millplace1
- South African investors look to create $1b sugar monopoly
A South African investor group, Vision Sugar, is seeking to acquire Illovo Sugar, a move that would consolidate control of Africa's sugar, ethanol, and bioenergy markets under a single entity. The potential $800 million to $1.1 billion deal, involving Tongaat Hulett and Illovo, aims to create a regional monopoly in southern Africa, with discussions already initiated with Associated British Foods, Illovo's parent company.
- IDC, Vision Near Deal to Save Century-Old African Sugar Mills
IDC and Vision are nearing a deal to save the Century-Old African Sugar Mills. Illovo Sugar Ltd., South Africa's second-largest sugar producer, anticipates rising sugar prices in the next 18 months due to reduced production.