South African billionaire Robert Gumede plans to turn Tongaat sugar into power and fuel
The billionaire told Semafor he will turn Tongaat Hulett's sugarcane into electricity, ethanol and gases to save the rescued South African producer.
Robert Gumede
IDC bets R2.5 billion on Robert Gumede's Tongaat rescue and doubles down
South Africa's IDC has doubled down on its R2.5 billion Tongaat Hulett commitment, converting its loan to equity in a bet that the 134-year-old sugar giant can be rescued.
South African billionaire Robert Gumede saved Tongaat Hulett from collapse but cheap sugar imports are threatening to undo the rescue
Robert Gumede's Vision Group has saved Tongaat Hulett from liquidation but the company now faces a second crisis — R1.5 billion lost to cheap imported sugar.
A brief history of time: the life of Robert Gumede, the South African billionaire rescuing Tongaat Hulett
Robert Gumede went from caddying golf courses to building South Africa's biggest black-owned IT company. Now he is staking his reputation on rescuing Tongaat Hulett.
Robert Gumede's Vision Group seals a deal with the IDC that saves Tongaat Hulett from liquidation
Robert Gumede's Vision Group and South Africa's IDC have sealed a rescue deal that averted the liquidation of 134-year-old sugar producer Tongaat Hulett hours before a court hearing.
South African IT billionaire Robert Gumede is near a deal to save a 134-year-old sugar company from collapse
Robert Gumede's Vision Group and South Africa's IDC are near a deal that could finally resolve the Tongaat Hulett crisis ahead of a critical June 17 court hearing.
Tycoon Robert Gumede says South Africa's sugar industry must pivot to ethanol and electricity or risk becoming irrelevant
Robert Gumede told Business Day that South Africa's sugar industry is too narrowly focused on table sugar and must pivot to ethanol and electricity to survive global competition.
South African tycoon Robert Gumede takes on Transnet in rail tender court fight
Businessman Robert Gumede has launched a court challenge against Transnet over a rail tender accused of favouring foreign suppliers.
South African tycoon Robert Gumede wins reprieve for Tongaat Hulett as Durban court delays liquidation bid
Robert Gumede's Vision Sugar Group won court breathing room on April 17 to finalize a rescue plan for Tongaat Hulett, staving off liquidation.
South African tycoon Robert Gumede faces R390 Million Covid-19 PPE fraud claim amid Tongaat Hulett bid
South African billionaire Robert Gumede is pursuing a takeover of Tongaat Hulett through Vision Sugar while facing a R390 million Special Tribunal claim that he masterminded a Covid-19 PPE price-gouging scandal involving SAPS.
10 companies owned by South African multimillionaire Robert Gumede
Robert Gumede built one of Africa's biggest black-owned IT company from scratch. Here is every business the South African tycoon owns in 2026.
Tycoon Robert Gumede's Vision Group is at the center of a fight that could kill South Africa's biggest sugar company
Robert Gumede's Vision Group holds R11.7 billion of Tongaat Hulett's debt, and a Durban court must now decide if the 134-year-old sugar company lives or dies.