Officials of Zimbabwe’s ZANU-PF Party Eye Sugar Plantations for Takeover
Triangle Sugar Ltd. is owned by Tongaat Hulett of South Africa, which also
holds a controlling stake in the Hippo Valley Estate
Patience Rusere | Washington 19 January 2011
Leaders of Zimbabwe’s long-ruling ZANU-PF party have started registering
local members for the allocation of sugar cane fields in the Triangle and
Hippo Valley estates.
Correspondent Irwin Chifera reported on the apparent preparations for a
takeover of the agricultural assets in the country’s southeast under the
Indigenization Act.
Triangle Sugar Ltd. is owned by Tongaat Hulett of South Africa, which also
holds a controlling stake in the Hippo Valley Estate.
Business Forum Secretary Roy Magosvongwe said the move to take over the
properties would be economically damaging given the importance of the sugar
plantations.
Magosvongwe told reporter Patience Rusere he sees an emerging threat to
businesses and hoped the pattern would not repeat that of the farm invasions
that began in 2000.