Pan African considers buying some of ASA's assets
By Respect Gwenzi, Jan 30, 2018
miningweekly– JSE- and Aim-listed Pan African Resources has entered into exclusive negotiations with the joint administrators of ASA Resource Group with a view to acquiring some of its assets and liabilities.
Pan African noted in a statement on Monday that there could be no certainty that an acquisition would be concluded.
ASA reported in July 2017 that it was facing cash constraints as a result of currency restrictions imposed by the Reserve Bank of Zimbabwe, which resulted in ASA not receiving adequate cash from its operating subsidiaries to meet its liabilities.

Top Stories
TSL Retreat from Nampak's $25 Mn Deal: An Immature Romance Doomed by Shareholder Scepticism
TSL Limited, a Zimbabwean conglomerate with interests in logistics, agrochemicals, and packaging, has terminated its US$25 million bid for a 51.43% stake in Nampak Zimbabwe, the country’s leading pack
1 day agoWeekly Currency Review: Is ZiG’s Stability Fundamentally Driven or Cosmetically Defined?
The local currency, the ZiG, has maintained a stable performance for nearly a year, marking a significant milestone in the country’s economic landscape. On September 16, 2025, the ZiG opened the week
Sep 16, 2025