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
Tongaat Hulett Liquidation Hearing Set for 16 April as Voermol Rescue Plan Hangs in Balance
Tongaat Hulett Developments Proprietary Limited, which holds property development assets, operates under a separate rescue plan adopted in May 2023 and is expected to continue unaffected by the THL pr
3 hours agoZimbabwe Introduces National Standard Price List: All Payments to Suppliers to Be Made in ZiG
Zimbabwe's Ministry of Finance, Economic Development and Investment Promotion, together with the Procurement Regulatory Authority of Zimbabwe, has announced on the 13th of March 2026 a National Standa
1 day ago
