| Deal #4306 | Version 66853 | Version 92658 |
|---|---|---|
General info | ||
| Size under contract (leased or purchased area) |
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| Intention of investment |
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| Comment on intention of investment | The company used to farm cattle. | The company used to farm cattle. Sugarcane production. sugar, alcohol, and other related products from sugarcane |
| Carbon offset project | No | |
Employment | ||
Investor info | ||
| Comment on investment chain | Triangle Limited acquired a 50.35% stake in Hippo Valley Estates Limited in 2006.Triangle Limited is wholly owned by The Tongaat Hulett Group.
Tongaat Hulett Limited, through its subsidiary Triangle Sugar Corporation Limited, is a major shareholder in Hippo Valley Estates Limited. | |
Local communities / indigenous peoples | ||
| Negative impacts for local communities | Socio-economic | |
| Comment on negative impacts for local communities | There's a Socio-Economic Development Programme aimed at indigenization of the economy and greater food security in the lowveld of Zimbabwe. | |
Former use | ||
| Former land use | Commercial (large-scale) agriculture | Commercial (large-scale) agriculture, Shifting cultivation |
| Comment on former land use | Originally founded for cattle ranching | |
Produce info | ||
| Comment on crops | crop production- particularly sugar cane
Triangle Limited produces sugar, alcohol, and other related products from sugarcane | |
Water | ||
Gender-related info | ||
Overall comment | ||
| Overall comment | In October 2012, Zimbabwe’s empowerment ministry told Triangle Sugar, "to submit a compliant plan" (to sell a stake in the company for the purpose of "indigenisation") within 14 days. In January 2014, Zimbabwe government officials are allegedly debating whether to expropriate Tongaat Hulett's farmlands. 4000 ha have been taken away from the company between this case and #4309 (not clear what the land split is). The land was taken away by the Masvingo provincial leadership as part of the resettlement program. Letters were issued to 300 farmers to venture into commercial sugar production at Hippo Valley and Triangle Estates. The sugar workers union and government are opposing this move. | In October 2012, Zimbabwe’s empowerment ministry told Triangle Sugar, "to submit a compliant plan" (to sell a stake in the company for the purpose of "indigenisation") within 14 days. In January 2014, Zimbabwe government officials are allegedly debating whether to expropriate Tongaat Hulett's farmlands. 4000 ha have been taken away from the company between this case and #4309 (not clear what the land split is). The land was taken away by the Masvingo provincial leadership as part of the resettlement program. Letters were issued to 300 farmers to venture into commercial sugar production at Hippo Valley and Triangle Estates. The sugar workers union and government are opposing this move.
Triangle Limited has also acquired a stake in Hippo Valley Estates Limited, located in Chiredzi, south-eastern Zimbabwe
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Meta | ||
| Fully updated | No | Yes |
Locations | ||
Data sources | ||
Data source #dUM89y_1 | ||
| Url | ||
| Publication title | Company Overview of Triangle Limited | |
| Organisation | Bloomberg Business week | |
| Comment on data source | Bloomberg Business week- Company Overview of Triangle Limited
| Page not found:http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=30659855
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Data source #FNnZKuHj | ||
| Url | ||
| Publication title | Zimbabwe Triangle Sugar | |
| Organisation | Hulletts | |
| Comment on data source | Company website- Zimbabwe Triangle Sugar | URL not found:http://www.huletts.co.za/ops/zimbabwe/zimbabwe.asp |
Data source #_pyyYJbh | ||
| Publication title | War erupts over Tongaat Hulett land in Masvingo. | |
| Organisation | Chronicle | |
| Comment on data source | Chronicle- War erupts over Tongaat Hulett land in Masvingo. | |
Contracts | ||