Zimbabwe: Fred Mtanda to Take Over DHL Zimbabwe

BUSINESSMAN Fred Mtanda is set to acquire a controlling stake in DHL Zimbabwe as it emerged this week the company's parent company, DHL International, intends to exit the local operation amid indigenisation concerns and tax liabilities stemming from off-shore remunerations of key executives, businessdigest has established.

Well-placed sources said Mtanda was widely tipped to take over DHL Zimbabwe given he has a prior business relationship with the company dating back to 1994.

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