Metro Peech & Browne is one of the country’s biggest wholesalers, it has just built a large new store in Harare, and it is backed by a European private equity fund. So, why has the business failed? The company has been placed under business rescue because it is insolvent. A new report by the appointed
HARARE – Metro Peech & Browne, one of the biggest wholesale companies in the country has been placed under corporate rescue due to debts that have resulted in manufacturers refusing to supply it with goods. The rescue plan is with effect from August 31, 2023, and it is in terms of the Insolvency Act Chapter…
Finance and Investment Promotion Minister, Professor Mthuli Ncube, has reiterated that his ministry will continue to strive for price and exchange rate stability in the economy following his re-appointment to head Treasury once again. Mthuli, who now has the additional mandate of promoting investment into the country, said he will continue to pursue tight fiscal…
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