Illovo Sugar
| File:Illovo.jpg | |
| Company type | Public |
|---|---|
| JSE: ILV | |
| Industry | Agriculture |
| Founded | 1891 |
| Headquarters |  Mount Edgecombe |
Area served | South Africa, Africa |
Key people | Graham Clark (Managing Director) |
| Products | Sugar Sugar marketing |
| Website | Homepage |
Illovo Sugar Limited is a leading sugar producer. The company is based in Mount Edgecombe, near Durban, South Africa.
It is a subsidiary of Associated British Foods Plc., which holds 51% of the issued share capital which it purchased for more than £400m in 2006.[1]
Illovo Sugar is listed on the JSE; its stock symbol is ILV. Its subsidiary Zambia Sugar is listed on the Lusaka Stock Exchange, under the symbol ZSUG. In addition, its Malawian subsidiary Illovo Sugar Malawi is listed on the Malawi Stock Exchange, under the symbol ILLOVO.
Subsidiaries
Subsidiaries of Illovo include:
- Illovo Sugar South Africa based in Durban, South Africa
- Illovo Sugar Malawi based in Limbe, Malawi
- Kilombero Sugar in Tanzania
- Maragra Açúcar based in Maputo, Mozambique
- Ubombo Sugar of Swaziland
- Zambia Sugar based in Mazabuka, Zambia
Criticism
In February 2013, Zambia Sugar was criticised by the charity ActionAid for tax avoidance when it was revealed that between 2007 and 2012, they had paid only 0.5% tax on profits of $123m.[2]
External links
See also
References
- ^ About Associated British Foods
- ^ Boffey, Daniel (10 Februray 2013). "British sugar giant caught in global tax scandal". The Guardian. Retrieved 10 February 2013.
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