Robert Gumede
Coverage of Robert Gumede in the Nexus archive.
- 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.
- A Billionaire’s Plan to Turn Tongaat Sugar Into Power
Robert Gumede plans to convert sugar producer Tongaat Hulett into an energy business producing electricity, ethanol, and industrial gas from cane.
- Billionaire maps next chapter for southern Africa sugar giant
South African billionaire Robert Gumede's consortium acquired Tongaat Hulett, a struggling sugar producer, and plans to transform it into an energy and biofuel company by leveraging sugarcane by-products for electricity, medical oxygen, and ethanol. The strategy includes expanding grower networks, creating jobs, and advocating for government policies to support biofuel adoption in southern Africa.
- Robert Gumede’s Vision Group Strikes Deal to Save Tongaat Hulett
Robert Gumede's Vision Group and the state IDC have reached a last-minute deal to prevent the 134-year-old company Tongaat Hulett from liquidation. The agreement secures the future of the company, which had faced imminent collapse.