Categories · Agricultural
· Business (Tobacco)
non-USA, by Country · Zimbabwe
Organizations · Rothmans
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Jump to full article: ZWNEWS.com, 2004-09-26 Author: author/source:Zim Online (SA)
Intro: The government yesterday gave six companies and estate firms 90 days to give up more than one million hectares of land in a fresh campaign to seize corporate-owned land
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The government has in the last three weeks seized Mawere's multi-million dollar asbestos mines and other ventures after falling out with the businessman. The Zimbabwe Stock Exchange-listed Mashonaland Holdings is set to lose Eyrecourt farm and Acorn Estates to the state, while the Zimbabwe Tobacco Association, which brings together the country's mostly white large-scale tobacco growers will have to give up its 605 809 hectare farm on the outskirts of Harare. Cigarette maker, Rothmans will also have to surrender to the state 100 313 hectares of land in Lochinvar, just outside Harare city centre. The government did not give reasons why it was now turning on corporate-owned farms most of which are productive commercial ventures or were being reserved for expansion purposes.
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