Business
Tongaat investors jet into Zimbabwe for talks
VISION Consortium (Vision)’s representatives are due for “crucial talks” in Zimbabwe this week, as the trans-Limpopo group seeks to tie up loose ends in its bid to acquire Tongaat Hullet (Tongaat).
While Finance minister Mthuli Ncube, Remoggo Investments (Remoggo) owner Rutenhuro Moyo and Mutapa Investment Fund (MIF) chair Chipo Mtasa would not readily comment on views that the Zimbabwean sovereign wealth fund SWF) was due to stake a claim in the deal, sources have told The Financial Gazette that the “investors were due for key stakeholder engagements, including regulators on Thursday and Friday”.
And at the back of Mtasa’s disclosures that they “were still working on several issues”, the government insiders have, however, insisted that the “Harare administration was expected to make a comprehensive statement on the transaction soon”.
Finance ministry secretary George Guvamatanga
As it is, the success of Moyo and his Vision alliance – comprising South African billionaire Robert Gumede’s – bid was not only attributable to their US$250 million offer to Tongaat’s lender group, but comes in the context of MIF’s known interest as well.
About mid-last year, it emerged that Mtasa’s newly-created behemoth, which falls under the Finance ministry, had dangled a US$95 million carrot for the company’s local assets.
“SWF is interested in acquiring 100 percent of… Triangle Limited and 50,3 percent of… Hippo Valley Estates (Hippo Valley)… held by Tongaat Hulett,” Treasury secretary George Guvamatanga said in a February 2023 letter.
“When the fund made its offer… it was drawing on… the fact of aged plant, equipment and… the need for new, higher-yielding (sugarcane) varieties,” he said.
Nonetheless, Vision’s selection as the preferred bidder has not only added intrigue to the long-drawn acquisition process following the wealthy Rudland family’s failure to buy the firm, but Moyo – an OK Zimbabwe, and National Trye Service major shareholder’s – emergence as a co-bidder has added an interesting twist.
The twists and turns also included Vision’s successes in fending off, if not outwitting, other suitors, including Tanzania’s Kagera and RGS Group Holdings of Mozambique.
With the consortium set to acquire 97,3 percent of the regional company – with assets in Zimbabwe, Botswana, Mozambique and South Africa (SA) – many are envious of Moyo’s grouping “for picking up an asset that can easily pay off its Rand 8 billion debt mountain within the next 10 years by flogging non-core assets and having to access to vast tracts of land across southern Africa.”
In Zimbabwe, for instance, Tongaat has a potential to produce nearly 700 000 tonnes of raw sugar, 80 million litres of ethanol – for the alcohol and chemical industries – has always been a ‘net exporter of power’ from its Lowveld operations, owns a large herd of cattle estimated at 20 000-plus and access to nearly 45 000 hectares of land.
And it is the capability to co-underwrite such a massive transaction, which some say is being backed by ABSA and Investec of SA, that has brought Moyo under sharper focus and his shrewd dealmaking in general. At some point, he even made a bid for Schweppes Zimbabwe.
A solid and proven businessman, the 58-year-old serial entrepreneur was recently thrown into the limelight after his US$420 000 investment into fintech start-up Jamboo, which aims to tap into Africa’s burgeoning diaspora remittances market.
Remoggo Investments (Remoggo) owner Rutenhuro Moyo
On the other hand, Moyo has a rich resume, which includes successful stints at global companies such as Anglo American, Old Mutual, The Coca-Cola Company and Cyril Ramaphosa’s Shanduka Group.
And it is at the latter that he created, and headed the South African president’s fast-moving consumer group’s unit, which manufactured and distributed Coca-Cola products and owned the McDonalds franchise there.
Moyo, who sits on the Hippo and FBC Holdings boards, also owns FedEx through Supa Swift and the Tsebo Catering franchise in the country, which serves as the exclusive food supplier to Zimbabwe Platinum’s Ngezi mines, and Royal Golf Club, among other key establishments.
And with his acquisition of a Tongaat stake through his Mauritian-registered outfit, the reclusive tycoon is also likely to emerge as one of the “single largest customers, and beneficiaries of two of the country’s biggest dams” – Tugwi Mukosi and Osborne in Manicaland – as well as cementing his place as a major investor in a sector that is Zimbabwe’s second largest employer after government.
Against the background of Tongaat’s battles with South African unions over profit share and contract farming – a set of issues almost similar to what Guvamatanga raised in one of his July letters – and Moyo’s own “sparring” with the Harare administration over his retail operations, it remains to be seen how Moyo’s “foreseen cooperation” with the same authorities, and specifically MIF, will pan out.
As the company is reportedly targeting for 50 000 hectares of land – probably to make up for the portion taken by Billy Rautenbach’s Nuanetsi game project – these are not only some of the issues that the Treasury secretary was alluding to by referring to “water, and land rights”, but what the Remoggo chair has to navigate in his quest for the insolvent sugar producer!
Source: Fingaz
Zimbabwe stands at a defining moment in its education and development journey.
As the nation accelerates toward a knowledge-driven, innovation-led economy, the National Education Summit Zimbabwe (NESZ) 2026 emerges as a critical platform where policy, practice, and progress converge. Scheduled for 27–30 May 2026 at the Zimbabwe International Trade Fair (ZITF) Grounds in Bulawayo, this year’s summit promises to be the most impactful yet.
Under the theme
“From Policy to Practice: Driving Innovation & Investment in Zimbabwe’s Education System,”
NESZ 2026 brings together an exceptional lineup of speakers—leaders whose influence spans government, academia, industry, and global institutions.
A Powerhouse Line-Up of Speakers
This year’s summit features a distinguished assembly of policymakers and thought leaders at the forefront of Zimbabwe’s transformation agenda.
From government, the summit will host senior leaders responsible for shaping the country’s economic, education, and digital future, including:
- Hon. Prof. Mthuli Ncube – Minister of Finance, Economic Development and Investment Promotion
- Hon. Dr. Tatenda Mavetera – Minister of ICT, Postal and Courier Services
- Hon. Prof. Paul Mavima – Minister of Skills Audit and Development
- Hon. Edgar Moyo – Minister of Public Service, Labour and Social Welfare
- Hon. Mangaliso Ndlovu – Minister of Industry and Commerce
- Hon. Supa Mandiwanzira – Chairperson, Parliamentary Portfolio Committee on Primary and Secondary Education
Adding to this powerful policy voice is Hon. Dr. Frederick Shava, a seasoned diplomat and ambassador, bringing global perspective to Zimbabwe’s development discourse.
-
- Mr Canaan Mpala, General Manager – Telone Centre for Learning
-
- Dr. Anna Moyo
-
- Hon Tatenda Mavetera
-
- Mr Amos Guy Ngwarati
-
- Hon. Ambassador Dr. Frederick Shava
-
- Hon Edgar Moyo
-
- Hon. Getrude Mutandi
-
- Hon. Mangaliso Ndlovu
-
- Hon. Dr. Torerai Moyo – Minister of Primary and Secondary Education
-
- Hon. Professor Mthuli Ncube – Minister of Finance
-
- Hon Supa Mandiwanzira
-
- Hon. Dr. Paul Mavima
-
- Sister Dr. Annah Theresa Nyadombo
-
- Tim Middleton – Executive Director for Association of Trust Schools Zimbabwe
Leaders in Education, Innovation, and Human Development
Beyond government, NESZ 2026 features influential educationists, institutional leaders, and changemakers whose work continues to shape learning ecosystems:
- Sr. Dr. Annah Theresa Nyadombo – Global safeguarding expert and education leader
- Dr. Anna Moyo – Dean of Education, Midlands State University
- Mr. Canaan Mpala – General Manager, TelOne Centre for Learning
- Mr. Amos Guy Ngwarati – Headmaster, Wise Owl High School
- Mr. Tim Middleton – Executive Director, Association of Trust Schools (ATS)
From grassroots education to higher learning and institutional leadership, these speakers bring a holistic perspective on the challenges and opportunities within Zimbabwe’s education system.
Champions of Empowerment and Enterprise
The summit also highlights leaders driving inclusive economic participation and community transformation:
- Hon. Getrude Mutandi – Member of Parliament and Chairperson of the Parliamentary Portfolio Committee on Women Affairs, Community and SME Development
Her work, alongside others, underscores the critical link between education, entrepreneurship, and sustainable socio-economic growth.
What to Expect at NESZ 2026
NESZ 2026 is not just a conference—it is a strategic platform for action.
Participants can expect:
- Policy-to-Practice Conversations
Engage directly with policymakers and decision-makers on how national education policies are being translated into real-world impact.
- Innovation and Technology Showcases
Experience cutting-edge solutions in education, STEM, and digital transformation aligned with Zimbabwe’s Education 5.0 agenda.
- Investment and Partnership Opportunities
Connect with investors, corporates, and development partners shaping the future of education and skills development.
- Thought Leadership and Insight
Gain valuable perspectives from leading voices across education, government, and industry.
- Networking and Collaboration
Build meaningful connections with educators, innovators, entrepreneurs, and policymakers from across Zimbabwe and beyond.
Why NESZ 2026 Matters
At its core, NESZ is about one thing: transformation.
It is about moving beyond conversations and into implementation.
It is about aligning education with industry, innovation, and national development.
It is about building a system that equips Zimbabweans not just to learn—but to create, lead, and compete globally.
With a speaker lineup of this calibre, NESZ 2026 is poised to spark the ideas, partnerships, and actions that will shape the next chapter of Zimbabwe’s education story.
Be Part of the Movement
📍 Zimbabwe International Trade Fair Grounds, Bulawayo
📅 27–30 May 2026
This is where education meets innovation.
This is where policy meets action.
This is where the future is built.
Business
66th ZITF Opens in Bulawayo: Botswana’s President Duma Boko to Headline ‘Connected Economies’ Fair
NESZ 2026: A Convergence of Visionary Leaders Shaping the Future of Education in Zimbabwe
Meet Hon. Supa Mandiwanzira – NESZ 2026 Speaker
Meet Hon. Mangaliso Ndlovu – NESZ 2026 Speaker
Billionaires Who Didn’t Go to College
What is Robert Kiyosaki’s net worth after his latest book flop?
Liquid C2 partners with Google Cloud and Anthropic to bring advanced cloud, cyber security and generative AI capabilities to Africa
-
Business2 years ago
Billionaires Who Didn’t Go to College
-
Business2 years ago
What is Robert Kiyosaki’s net worth after his latest book flop?
-
Technology2 years ago
Liquid C2 partners with Google Cloud and Anthropic to bring advanced cloud, cyber security and generative AI capabilities to Africa
-
Business2 years ago
Egypt’s Richest Man, Nassef Sawiris’ Wealth Surges by $410M in Just over a Week.
-
Business2 years ago
Zimbabwe’s Beverage Industry: A Digital Marketing Analysis of Delta Beverages and Varun Beverages Zimbabwe
-
Business2 years ago
Egypt’s Richest Man Nassef Sawiris Sees a $220 Million Dip in Wealth in 2024
-
Business4 years ago
7 Small Business Tips for effective business
-
Business2 years ago
Africa’s First Black Billionaire Patrice Motsepe Faces a $100 Million Setback
