Illovo Sugar
 | |
| Industry | Agriculture |
|---|---|
| Founded | 1891 |
| Headquarters | uMhlanga, KwaZulu-Natal(eThekwini Metropolitan Municipality), South Africa |
Area served | South Africa, Africa |
Key people | Gavin Dalgleish (Group Managing Director) |
| Products | Sugar Sugar marketing |
| Website | www |
Illovo Sugar Africa (Pty) Ltdbased inuMhlanga, KwaZulu-Natal,South Africa, isAfrica'slargestsugar producer.The group produces raw and refined sugar for local, regional African,European Union(EU),United Statesand world markets from sugar cane supplied by its own agricultural operations and independent growers who supply cane to Illovo's factories.
Until the 1960s, Illovo was a subsidiary of the General Mining Company of South Africa, which sold a 49% shareholding in the business toTate & Lylein 1969.[1]This was then sold in 1977 to C G Smith (Sugars) Ltd of Natal.[2]Today it is a subsidiary ofAssociated British Foods Plc.,which purchased 51% of the issued share capital for more than £400m in 2006.[3]In 2016, ABF bought the remaining 49% of the share capital.[4][5]
Illovo employs more than 12,000 permanent staff and 18,000 more on a temporary basis.[citation needed]Illovo Sugar'ssubsidiaryZambia Sugaris listed on theLusaka Stock Exchange,under the symbolZSUG.[6]In addition, itsMalawiansubsidiary Illovo Sugar Malawi is listed on theMalawi Stock Exchange,under the symbolILLOVO.[7]
Subsidiaries[edit]
Subsidiaries of Illovo include:
- Illovo Sugar South Africa based inDurban, South Africa
- Illovo Sugar Malawi based inLimbe,Malawi
- Kilombero Sugar inTanzania
- Maragra Açúcar based inMaputo, Mozambique
- Ubombo Sugar of Eswatini (Swaziland)
- Zambia Sugarbased inMazabuka,Zambia
- Illovo Sugar Rwanda based inKigali,Rwanda
References[edit]
- ^Antony Hugill,Sugar and All That: A History of Tate & Lyle(London: Gentry Books, 1978), p.308.
- ^Lyle, John O. (25 January 1978), "Chairman's statement",Tate & Lyle: Preliminary announcement of profits for year ended 30 September 1977.
- ^Baker, Martin (10 December 2006)."The Rainmaker: 21st-century Gordon Gekko".The Daily Telegraph.Retrieved6 August2016.
- ^Phillips, Lloyd (14 April 2016)."ABF offers to buy out the rest of Illovo Sugar".Farmer's Weekly.Retrieved2017-06-27.
- ^"Illovo Sugar Limited".Full Disclosure 2016.Retrieved2017-06-27.
- ^"Zambia Sugar (LUSE:ZSUG) - Stock Price, News & Analysis".Simply Wall St.Retrieved2023-03-02.
- ^"Illovo Sugar (Malawi) (MAL:ILLOVO) - Stock Price, News & Analysis".Simply Wall St.Retrieved2023-03-02.
External links[edit]
- Official website
- Group profilefrom 2015 Annual Report