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Sinosteel dumps Zimasco?

HARARE – Zimasco (Private) Limited (Zimasco)’s revival prospects have continued to dim as the company has reportedly failed to secure a $7 million bailout from its major shareholder Sinosteel Africa Corporation (Sinosteel) to finance short-term operations. This also comes as the Midlands-based company’s judicial management process has been mired in fresh controversy amid revelations that it…

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