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Zim land grabs threaten Tongaat Hulett – Business Report

Zim land grabs threaten Tongaat Hulett – Business Report

The possible expropriation of land from Tongaat Hulett in Zimbabwe could see the company’s profit margins suffer as well as signal a need for the sugar manufacturer to expand to other regions, analysts say. Media reports suggest that the company’s problems with the indigenisation law may soon come to a head with local authorities asking the government to sanction land grabs.