Offers worth about $55 million have been made for two companies, the Tuli coal mine in southern Zimbabwe and Cairns Ltd., a canning and agricultural business, the Harare-based Daily News said on its website. Central bank Governor Gideon Gono has said that the lender would sell its shares in Zimbabwe- listed Astra Holdings Ltd. and Tractive Power Ltd., as well as wholly owned units
The bank will use earnings from the sales to settle part of its debt, including $70 million owed to workers fired at the height of Zimbabwe’s economic crisis, said the Daily News.
To contact the reporter on this story: Brian Latham in Durban at email@example.com.
To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at firstname.lastname@example.org.