PPC, land buyer sets closing date

The positive outlook comes as PPC Zimbabwe increasingly becomes an important hard-currency generator for the group, with foreign currency sales accounting for 99 percent of total sales up from 84 percent in the prior year.

PPC Zimbabwe and property development firm Transvaal Africa, which intends to acquire the former’s vacant Arlington land, have agreed to consolidate all milestone events necessary for the transaction to be completed by February 2027.The transaction for the approximately 418 hectares of land is valued at US$30 million.“Shareholders are advised that to facilitate the conclusion of…

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