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Zim indigenisation ‘a pain’: Tongaat CEO

HARARE – South Africa-based Tongaat Hulett (Tongaat)’s chief executive Peter Staude says he has had sleepless nights over Zimbabwe’s indigenisation programme. His sugar-producing company, which holds a 50,3 percent shareholding in Hippo Valley Estates while it wholly owns Triangle Sugar, is under pressure to comply with Zimbabwe’s empowerment policy. The policy — enacted in 2010…

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