Mozambique: Vision Sugar Holdings takes over Xinavane and Mafambisse – AIM

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Mozambique: Vision Sugar Holdings takes over Xinavane and Mafambisse – AIM

4:43 CAT | 23 Jun 2025

File photo: CTA

Gavin Dalgleish, the CEO of Vision Sugar Holdings, which is a South African agro-industrial company, has announced that his company is in the process of acquiring the Xinavane and Mafambiasse sugar companies, in the Mozambican provinces of Sofala and Maputo, respectively.

Both sugar companies are currently under the management of Tongaat Hulett Açucar, which is a subsidiary of the South African company Tongaat Hulett. The company owns 85 percent of Mafambisse shares and 88 percent of Xinavane. The remaining shares in both companies are owned by the Mozambican government.

This acquisition involves a significant investment for the purchase of the company and for the development of the operations, including the production fields. The transaction was analyzed by Mozambique’s Competition Regulatory Authority (ARC), which concluded that there will be no change in the concentration of the relevant market.

READ: Mozambique: Sugar exports see 50% rise, generating US$36 million in 2024

According to Dalgleish, who was speaking to reporters on Saturday, he came to Mozambique in the company of other shareholders as part of a regional stakeholder engagement tour. He added that his delegation’s visit reflects Vision Sugar’s commitment to listening, stabilizing operations and establishing clear partnerships with the government, communities and suppliers.

“The Xinavane and Mafambisse units remain fully operational, while Vision Sugar is working closely with the Government and the Institute for the Management of State Holdings (IGEPE), which continues to hold a stake in the company. The visit symbolizes a collaborative approach to shaping the future of the sugar industry in Mozambique, based on African ownership, responsibility and a long-term commitment to rural economic development”, he said.

However, Dalgleish did not reveal the amount that is being invested in acquiring the Mozambican plantations and mills companies, much less the capital gains from the deal. However, ARC data shows that the company that holds the majority of Vision Investments’ share capital is the Mauritian registered concern Remoggo.

“We have to be completely unapologetic about our motive to make money in this business for everyone. If we don’t make money in the business, the whole thing collapses. When we make money, we will do all the things we have to do as a company”, Dalgleish said, cited by the South African press.

READ: Tongaat Hulett appoints Gavin Dalgleish as CEO to support final phase of Business Rescue Transition

Source: AIM