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{{Short description|Sugar producer based in South Africa}}
{{Infobox company
{{Infobox company
| name = Illovo Sugar Africa (Pty) Ltd
| name = Illovo Sugar Africa (Pty) Ltd
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}}
}}


'''Illovo Sugar Africa (Pty) Ltd''' based in [[Umhlanga, KwaZulu-Natal| uMhlanga, KwaZulu-Natal]], South Africa is Africa's largest [[sugar producer]]. The group produces raw and refined sugar for local, regional African, European Union (EU), United States and world markets from sugar cane supplied by its own agricultural operations and independent growers who supply cane to Illovo's factories. It is a subsidiary of [[Associated British Foods|Associated British Foods Plc.]], which purchased 51% of the issued share capital which for more than £400m in 2006.<ref>{{cite web|url=https://www.telegraph.co.uk/finance/migrationtemp/2952145/The-Rainmaker-21st-century-Gordon-Gekko.html|title=The Rainmaker: 21st-century Gordon Gekko|last=Baker|first=Martin|date=10 December 2006|work=[[The Daily Telegraph]]|access-date=6 August 2016}}</ref> In 2016 ABF bought the remaining 49% of the share capital.<ref name="farm_ABFo">{{Cite web | title = ABF offers to buy out the rest of Illovo Sugar | last = Phillips | first = Lloyd | work = Farmer's Weekly | date = 14 April 2016 | access-date = 2017-06-27 | url = http://www.farmersweekly.co.za/agri-news/south-africa/abf-offers-to-buy-out-the-rest-of-illovo-sugar/ }}</ref><ref name="full_Illo">{{Cite web | title = Illovo Sugar Limited | work = Full Disclosure 2016 | access-date = 2017-06-27 | url = http://fulldisclosure.cer.org.za/company/illovo-sugar-limited }}</ref>
'''Illovo Sugar Africa (Pty) Ltd''' based in [[Umhlanga, KwaZulu-Natal| uMhlanga, KwaZulu-Natal]], South Africa, is [[Africa|Africa's]] largest [[sugar producer]]. The group produces raw and refined sugar for local, regional African, [[European Union]] (EU), [[United States]] and 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 to [[Tate & Lyle]] in 1969.<ref>Antony Hugill, ''Sugar and All That: A History of Tate & Lyle'' (London: Gentry Books, 1978), p.308.</ref> This was then sold in 1977 to C G Smith (Sugars) Ltd of Natal.<ref>Lyle, John O. (25 January 1978), "Chairman's statement", ''Tate & Lyle: Preliminary announcement of profits for year ended 30 September 1977''.</ref> Today it is a subsidiary of [[Associated British Foods|Associated British Foods Plc.]], which purchased 51% of the issued share capital for more than £400m in 2006.<ref>{{cite web|url=https://www.telegraph.co.uk/finance/migrationtemp/2952145/The-Rainmaker-21st-century-Gordon-Gekko.html|title=The Rainmaker: 21st-century Gordon Gekko|last=Baker|first=Martin|date=10 December 2006|work=[[The Daily Telegraph]]|access-date=6 August 2016}}</ref> In 2016, ABF bought the remaining 49% of the share capital.<ref name="farm_ABFo">{{Cite web | title = ABF offers to buy out the rest of Illovo Sugar | last = Phillips | first = Lloyd | work = Farmer's Weekly | date = 14 April 2016 | access-date = 2017-06-27 | url = http://www.farmersweekly.co.za/agri-news/south-africa/abf-offers-to-buy-out-the-rest-of-illovo-sugar/ }}</ref><ref name="full_Illo">{{Cite web | title = Illovo Sugar Limited | work = Full Disclosure 2016 | access-date = 2017-06-27 | url = http://fulldisclosure.cer.org.za/company/illovo-sugar-limited }}</ref>
Illovo employs more than 12,000 permanent staff and 18,000 more on a temporary basis. Illovo Sugar's [[subsidiary]] [[Zambia Sugar]] is listed on the [[Lusaka Stock Exchange]], under the symbol '''ZSUG'''. In addition, its [[Malawi]]an subsidiary Illovo Sugar Malawi is listed on the [[Malawi Stock Exchange]], under the symbol '''ILLOVO'''.

Illovo employs more than 12,000 permanent staff and 18,000 more on a temporary basis.{{Citation needed|date=March 2023}} Illovo Sugar's [[subsidiary]] [[Zambia Sugar]] is listed on the [[Lusaka Stock Exchange]], under the symbol '''ZSUG'''.<ref>{{Cite web |title=Zambia Sugar (LUSE:ZSUG) - Stock Price, News & Analysis |url=https://simplywall.st/stocks/zm/food-beverage-tobacco/luse-zsug/zambia-sugar-shares |access-date=2023-03-02 |website=Simply Wall St |language=en}}</ref> In addition, its [[Malawi]]an subsidiary Illovo Sugar Malawi is listed on the [[Malawi Stock Exchange]], under the symbol '''ILLOVO'''.<ref>{{Cite web |title=Illovo Sugar (Malawi) (MAL:ILLOVO) - Stock Price, News & Analysis |url=https://simplywall.st/stocks/mw/food-beverage-tobacco/mal-illovo/illovo-sugar-malawi-shares |access-date=2023-03-02 |website=Simply Wall St |language=en}}</ref>


==Subsidiaries==
==Subsidiaries==
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*Kilombero Sugar in [[Tanzania]]
*Kilombero Sugar in [[Tanzania]]
*Maragra Açúcar based in [[Maputo, Mozambique]]
*Maragra Açúcar based in [[Maputo, Mozambique]]
*Ubombo Sugar of Eswatini (Swaziland)
*Ubombo Sugar of Eswatini ([[Swaziland]])
*[[Zambia Sugar]] based in [[Mazabuka]], [[Zambia]]
*[[Zambia Sugar]] based in [[Mazabuka]], Zambia
*Illovo Sugar Rwanda based in [[Kigali]], Rwanda


==References==
==References==
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==External links==
==External links==
* {{Official website|www.illovosugarafrica.com/}}
* {{Official website|www.illovosugarafrica.com/}}
* [http://annualreport.illovo.co.za/overview/group-profile.asp Group profile] from 2015 Annual Report
* [http://annualreport.illovo.co.za/overview/group-profile.asp Group profile] {{Webarchive|url=https://web.archive.org/web/20230412083407/http://annualreport.illovo.co.za/overview/group-profile.asp |date=2023-04-12 }} from 2015 Annual Report




Latest revision as of 20:41, 2 September 2024

Illovo Sugar Africa (Pty) Ltd
IndustryAgriculture
Founded1891
HeadquartersuMhlanga, KwaZulu-Natal (eThekwini Metropolitan Municipality), South Africa
Area served
South Africa, Africa
Key people
Gavin Dalgleish (Group Managing Director)
ProductsSugar
Sugar marketing
Websitewww.illovosugarafrica.com

Illovo Sugar Africa (Pty) Ltd based in uMhlanga, KwaZulu-Natal, South Africa, is Africa's largest sugar producer. The group produces raw and refined sugar for local, regional African, European Union (EU), United States and 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 to Tate & Lyle in 1969.[1] This was then sold in 1977 to C G Smith (Sugars) Ltd of Natal.[2] Today it is a subsidiary of Associated 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's subsidiary Zambia Sugar is listed on the Lusaka Stock Exchange, under the symbol ZSUG.[6] In addition, its Malawian subsidiary Illovo Sugar Malawi is listed on the Malawi Stock Exchange, under the symbol ILLOVO.[7]

Subsidiaries

[edit]

Subsidiaries of Illovo include:

References

[edit]
  1. ^ Antony Hugill, Sugar and All That: A History of Tate & Lyle (London: Gentry Books, 1978), p.308.
  2. ^ Lyle, John O. (25 January 1978), "Chairman's statement", Tate & Lyle: Preliminary announcement of profits for year ended 30 September 1977.
  3. ^ Baker, Martin (10 December 2006). "The Rainmaker: 21st-century Gordon Gekko". The Daily Telegraph. Retrieved 6 August 2016.
  4. ^ Phillips, Lloyd (14 April 2016). "ABF offers to buy out the rest of Illovo Sugar". Farmer's Weekly. Retrieved 2017-06-27.
  5. ^ "Illovo Sugar Limited". Full Disclosure 2016. Retrieved 2017-06-27.
  6. ^ "Zambia Sugar (LUSE:ZSUG) - Stock Price, News & Analysis". Simply Wall St. Retrieved 2023-03-02.
  7. ^ "Illovo Sugar (Malawi) (MAL:ILLOVO) - Stock Price, News & Analysis". Simply Wall St. Retrieved 2023-03-02.
[edit]
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