Anglo American 'unaware of legal action'
--------------------------------------------------------------------------------
Consumer Industries Editor
CAPE TOWN Inflation and foreign exchange problems for SAowned firms operating in Zimbabwe are being compounded by renewed pressure from legal and political developments.
Dispossessed white sugar farmers have criticised Anglo American-owned firms for accepting cane delivered by the new black owners of the farms.
According to weekend reports the farmers are taking legal action against Anglo American subsidiary Hippo Valley for participating in "theft and plunder" of their assets.
Anglo American spokeswoman Anne Dunn said yesterday that Anglo American was not aware of the legal action being brought by Zimbabwean farmers.
Hippo Valley said earlier that it had been taking cane from commercial farmers and newly resettled farmers in terms of existing contracts.
The Sugar Production Control Act states millers are legally obliged to receive cane grown in Zimbabwe.
Hippo has not paid any party for cane deliveries and has instituted interpleader proceedings in the High Court for a ruling on the competing claims.
Jul 21 2003 08:10:05:000AM Charlotte Mathews Business Day 1st Edition
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
