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| Africa: Southern | |
| Mugabe targets big Anglo sugar farm print friendly version | |
| 2004-02-03 | |
Mining giant Anglo American is set to become the largest South African-listed group to be hit by Zimbabwe's land-reform programme, as its only agricultural asset in the country, Hippo Valley sugar estates, has been earmarked for expropriation. Anglo American is one of the few remaining South African companies that still has large interests in Zimbabwe despite the precarious economic situation. Hippo Valley, the country's largest sugar company, is still listed on the Zimbabwe Stock Exchange. Zimbabwe's land-reform policy, based on the expropriation of white-held farmland, has been widely criticised. President Thabo Mbeki's policy of quiet diplomacy towards Zimbabwe has had little visible effect as the country's economy is struggling with inflation of 598% and an estimated 70% unemployment rate. Another local sugar giant that may be at risk is Tongaat Hulett, which owns Triangle Sugar in Zimbabwe and until recently was getting about 15% of its earnings from there. Tongaat was reluctant to discuss the issue yesterday.
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| Posted by:Fred Pruitt |
| #5 The Rhodesia Light Infantery birthday to-day. Raise your glasses. Hear, hear Cheers guys! Mine's a Lion! To the beginning of the middle of the end of Civilisation and the third Chimurenga, may Bob get to hell before me, and warm it up some, 'cos it's going to get a lot hotter when I arrive. |
| Posted by: Rhodesiafever 2004-2-3 4:06:13 PM |
| #4 The Rhodesia Light Infantery birthday to-day. Raise your glasses. Hear, hear |
| Posted by: Shipman 2004-2-3 3:05:21 PM |
| #3 LOL, (sort of), Super Hose! While we wait and watch, the chi-coms get the mineral assets for cheap. Try their Zim embassy site, perhaps, although there's no break-down of the figures. I can reasonably discern that they are not paying loadsa money for burnt-out farms which aren't growing cotton and maize. BTW, there was a rumour that Rhodesian chrome was on the first flight to the moon, good stuff. PS The Rhodesia Light Infantery birthday to-day. Raise your glasses. |
| Posted by: Rhodesiafever 2004-2-3 2:29:06 PM |
| #2 I think Bob is actually a humanitarian. Dictators like Kim and Castro often let there countries dangle on the brink of collapse for decades. Bob has decided to utilize the express lane. |
| Posted by: Super Hose 2004-2-3 9:22:11 AM |
| #1 print friendly version About time for that cup of coffee, Fred. :) |
| Posted by: Steve 2004-2-3 8:01:17 AM |