Thursday 15 November 2018
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businessdaily - 2 month 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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