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Vision Group secures clearance to take over Tongaat Hulett's operations in Zimbabwe
The Mercury
|April 17, 2025
THE Vision Group announced on Wednesday that it has received competition approvals for acquisition of all Tongaat Hulett's assets in Zimbabwe.
Under the transaction, Ball Foundry has been given the nod by the Competition and Tariff Commission of Zimbabwe to acquire Triangle Sugar Corporation, which holds Tongaat Hulett's operations in Zimbabwe.
Prosper Ziyadhuma, an official with the Zimbabwe CTC, confirmed this to Business Report on Wednesday.
"We had given them an intended decision as indicated in the notice they provided," Ziyadhuma said.
Vision Group, whose principals include Mpumalanga businessman Robert Gumede and Zimbabwean business executive Rutenhuro Moyo, has beneficial ownership in Ball Foundry, which is incorporated in Mauritius.
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