South African IT billionaire Robert Gumede is near a deal to save a 134-year-old sugar company from collapse
Billionaires Africa | 15.06.2026 04:17
Robert Gumede's Vision Group and South Africa's state-owned Industrial Development Corporation are near a deal that could end the prolonged business rescue saga of Tongaat Hulett, Bloomberg reported on June 14, 2026, ahead of a critical High Court liquidation hearing scheduled for June 17 and 18 in Durban.
