Business »
Thursday, 28 February 2013 12:50
HARARE - Cairns Holding Limited (Cairns) plans a debt to equity swap deal as part of strategies to rescue the financially troubled food processor. If implemented, the transaction could see banks — including NMB and Stanbic — becoming major shareholders in...Read More
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Business »
Monday, 18 February 2013 13:00
HARARE - A group of Russian investors led by tycoon Nikolay Varenko is reportedly keen on investing in loss-making Cairns Holdings Limited (Cairns), businessdaily can reveal. This comes as the Zimbabwe Stock Exchange-listed group’s judicial manager Reggie Saruchera has said the...Read More
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Business »
Thursday, 13 December 2012 09:27
HARARE - Tuli Coal (Private) Limited (Tuli) remains in limbo after the Reserve Bank of Zimbabwe (RBZ) frustrated Singaporean billionaire Sukamto Sia’s $40 million bid for the Beitbridge-based mining asset. The Asian investor, who had been introduced to the Zimbabwean market...Read More
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