|
Zimbabwe’s National Investment Trust in fresh bid for Zimplats stake
|
|
Zimbabwe’s National Investment Trust (NIT) has launched a fresh bid for the hotly contested but elusive 15% stake in the giant platinum mining company, Zimplats Holdings, earmarked for local investors.
NIT chairman, Keith Guzah, told reporters that the empowerment house, which is battling to raise funds for lending to indigenous businesspeople, had secured foreign credit lines for a fresh bid after losing its claim to the stake in 2003.
But now the NIT has sealed a deal with a South African consortium that will undertake to bankroll its acquisition of the Zimplats stake. However, he refusesd to disclose the identity of the South African consortium, nor at what level they are likely to become involved in the acquisition process.
|
The NIT warehouses public shares for empowerment purposes and distributes money to small enterprises for business development.
Guzah told the media that they were banking on the pledge of the South African consortium in their fresh bid for a Zimplats stake.
"Our partners in South Africa have agreed to bankroll the project, they are waiting to hear from us," Guzah said.
|
