New twist to Zimasco hostile takeover saga

HARARE, May 13 (NewsDayLive) -The Supreme Court has dismissed an appeal by Kwekwe businessman Shephard Tundiya’s Avim Investments seeking to challenge an interdict barring lawyer Wilson Manase from acting as corporate rescue practitioner for ferrochrome producer Zimasco  (Pvt) Ltd.

Three judges of appeal heard the matter and struck it off the roll with costs.

The appeal had been filed by Avim Investments fronted by Kwekwe businessman Shephard Tundiya who is angling to grab the ferrochrome producer.

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