South African tycoon Robert Gumede wins reprieve for Tongaat Hulett as Durban court delays liquidation bid
Billionaires Africa | 20.04.2026 19:43
Robert Gumede just bought himself more runway on Tongaat Hulett. The South African billionaire's Vision Sugar Group, the largest secured creditor in the embattled sugar producer's business rescue, convinced the Durban High Court on April 17 to push back a liquidation bid that could have put 134 years of milling history on the block.
