Deal #4306

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