Illovo Sugar Africa (Pty) Ltd based in uMhlanga, KwaZulu-Natal, South Africa is Africa's largest

sugar producer The sugar industry subsumes the production, processing and marketing of sugars (mostly sucrose and fructose). Globally, most sugar is extracted from sugar cane (~80% predominantly in the tropics) and sugar beet (~ 20%, mostly in temperate climate ...

. 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 Plc., which purchased 51% of the issued share capital which for more than £400m in 2006. In 2016 ABF bought the remaining 49% of the share capital. Illovo employs more than 12,000 permanent staff and 18,000 more on a temporary basis. Illovo Sugar's

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

Zambia Sugar Zambia Sugar Plc, is the largest sugar-manufacturing company in Zambia, with annual output in excess of of crystalline sugar annually, as of November 2018. The company stock is listed of the Lusaka Stock Exchange, where the shares trade under th ...

is listed on the

Lusaka Stock Exchange The Lusaka Stock Exchange (abbreviated to LuSE) is the principal stock exchange of Zambia. Founded in 1993, it is located in Lusaka. The LuSE is a member of the African Stock Exchanges Association. As of 14 April 2022, the LuSE has 25 listed compa ...

, under the symbol ZSUG. In addition, its

Malawi Malawi (; or aláwi Tumbuka: ''Malaŵi''), officially the Republic of Malawi, is a landlocked country in Southeastern Africa that was formerly known as Nyasaland. It is bordered by Zambia to the west, Tanzania to the north and northeast ...

an subsidiary Illovo Sugar Malawi is listed on the

Malawi Stock Exchange The Malawi Stock Exchange (the MSE) is a stock market, with three licensed brokers is based in Blantyre, Malawi. Overview The Malawi Stock Exchange was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, un ...

, under the symbol ILLOVO.

Subsidiaries

Subsidiaries of Illovo include: *Illovo Sugar South Africa based in

Durban, South Africa Durban ( ) ( zu, eThekwini, from meaning 'the port' also called zu, eZibubulungwini for the mountain range that terminates in the area), nicknamed ''Durbs'',Ishani ChettyCity nicknames in SA and across the worldArticle on ''news24.com'' from ...

*Illovo Sugar Malawi based in Limbe,

*Kilombero Sugar in

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and ...

*Maragra Açúcar based in

Maputo, Mozambique Maputo (), formerly named Lourenço Marques until 1976, is the Capital city, capital, and largest city of Mozambique. Located near the southern end of the country, it is within of the borders with Eswatini and South Africa. The city has a popul ...

*Ubombo Sugar of Eswatini (Swaziland) *

based in

Mazabuka Mazabuka is a town in the Southern Province of Zambia. It is the capital of Mazabuka District, one of the thirteen administrative units in the Southern Province. The name Mazabuka originates from a Tonga local language word "kuzabuka" which me ...

Zambia Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most cent ...

References

External links

* {{Official website, www.illovosugarafrica.com/
Group profile
from 2015 Annual Report Associated British Foods Companies based in KwaZulu-Natal 1891 establishments in the Colony of Natal Companies listed on the Johannesburg Stock Exchange Sugar companies of South Africa eThekwini Metropolitan Municipality