National Blankets seeks potential suitor

BULAWAYO-BASED textile maker National Blankets is seeking a partner to revitalise the business, an official has said.

Early in 2021, the textile firm restarted operations after avoiding liquidation and emerging from judicial supervision when shareholders paid all creditors’ debts amounting to millions of dollars.

But in late 2021, the company temporarily stopped producing because the tax collector denied it clearance due to an estimated $800 000 debt, which was ultimately settled.

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