JOHANNESBURG – Anglo American Platinum (Amplats) – the world's biggest platinum producer – handed 270 hectares of land to the people of Rustenburg in the North West as the government envisions land expropriation without compensation as a measure to bring about land distribution.
Amplats said on Friday that the land would be used for housing and resettlement in Rustenburg, which is home to some platinum assets.
Over 242ha valued at R17 million would be transferred to the Rustenburg local municipality for mainly housing and community resettlement projects, the company said.
The difference (over 27ha), valued at R9m, would be transferred to the Rustenburg Community Development Trust.
Amplats chief executive Chris Griffith said the donation signalled the role that business could play in contributing positively to land reform and socio-economic development.