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Innscor challenges $2,5m CTC penalty

HARARE – Listed diversified group Innscor Africa Limited (Innscor) is challenging the Competition and Tariff Commission (CTC)’s decision to fine it over $2, 5 million for unproceduraly increasing its stake in National Foods (NatFoods). Addington Chinake, Innscor chairman, said while the matter was still pending conclusion, the group had received legal advice that the penalty…

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