Zimbabwe: RBZ to Consider New Cairns Offer

16 December 2013

THE Reserve Bank of Zimbabwe is expected to make a determination on a revised offer by prospective South African investor Vasari Global for its 67 percent stake in Cairns.The revised offer follows failure by the two parties to reach an agreement on the price for the shareholding amid revelations the prospective buyer offered a pittance.

Contacted for comment, judicial manager Mr Reggie Saruchera of Grant Thornton Camelsa expressed ignorance over the issue saying he had not been informed about it.

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