Triangle Sugar Ltd. is owned by Tongaat Hulett of South Africa, which also holds a controlling stake in the Hippo Valley Estate
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.