Zimbabwe: Chidawu Loses Pelhams Control

BUSINESSS tycoon Oliver Chidawu is on the verge of losing control of listed furniture retailer Pelhams, after businessman Jayesh Shah sold a 36% shareholding in Pelhams that Chidawu had ceded to him as collateral for a US$3 million loan.

Shah sold Chidawu's stake to a local investor believed to be TN Asset Management Nominees in a special bargain of 358 207 502 shares at 0.71c, brokered by ISB Stockbrokers, which sailed through the ZSE on Tuesday.

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