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Gumede saved Tongaat but cheap sugar imports threaten rescue
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Gumede saved Tongaat but cheap sugar imports threaten rescue
Robert Gumede's Vision Group has saved Tongaat Hulett from liquidation, but the 134-year-old sugar producer faces a second crisis that no rescue deal can resolve alone: South Africa's sugar industry has lost an estimated R1.5 billion to a surge of cheap imported sugar, primarily from India, Guatemala, Brazil and Thailand, and the flood is accelerating.The warning, detailed in a Mail and Guardian investigation published on June 26, 2026, frames t…
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