Friday 21 September 2018
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8 days ago

IDC drops Grain Bag

The Industrial Development Corporation of Zimbabwe (IDC) will seek shareholder approval to dispose of its entire equity stake in its subsidiary, Zimbabwe Grain Bag (ZGB).IDC is currently undertaking a restructuring exercise that will see the group ridding itself of ailing entities, privatisation and liquidation but says prevailing liquidity constraints are hampering the restructuring exercise, the...

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