Reply to thread

Message

[QUOTE="Queen, post: 87629, member: 27"]
A US$30 million property deal just got pushed back to June 2026 because legal nonsense and red tape gummed up the works.

PPC Zimbabwe's Arlington Estate sale
[LIST]
[*]PPC Zimbabwe and Transvaal Africa stretched their closing deadline out.
[*]A housing cooperative's court bid got tossed as frivolous.
[*]That 418-hectare Harare property has been PPC's since 1990.
[*]Zero limestone on site made it a non-core asset.
[/LIST]
Ownership drama on the estate
[LIST]
[*]Forced government seizure hit the land back in 2010.
[*]PPC Zimbabwe clawed back its formal title in late 2024.
[*]Residential, industrial, and commercial zoning covers the property.
[*]Sale proceeds could flow back to PPC Limited in South Africa.
[/LIST]
The cement business is getting a nice tailwind
[LIST]
[*]Sales volumes jumped 22% over a recent four-month stretch.
[*]A 30% surtax on foreign cement kicked in during May 2025.
[*]Statutory Instrument 50A of 2025 laid out that import penalty.
[*]Local manufacturers had lobbied hard for the protection.
[/LIST]
[/QUOTE]

Name