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African Sun confirms sale of Monomotapa Hotel

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AFRICAN Sun Limited (ASL) has confirmed that it has signed transactional agreements for the sale of Monomotapa Hotel to Monomotapa Hospitality (Private) Limited, in which the Public Service Pension Fund has an interest.The transaction, valued at US$18 million plus VAT, includes the hotel’s land, buildings, and adjacent car park, and will be sold as a…

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