John van Gend, Nampak Zimbabwe chief executive, said the government two weeks ago approved the company’s plan to comply with Zimbabwe’s black economic empowerment laws that require foreign firms to sell at least 51 percent shares to blacks.
Nampak Zimbabwe will list in Hunyani’s place on the Zimbabwe Stock Exchange on September 1.
“We are looking at (investing) $10m in the next 12 months for projects that we want to be involved in,” Van Gend told Reuters after a shareholders meeting. — Fin24.com