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Starafrica struggles to offload subsidiaries

HARARE – Hard-pressed Starafrica Corporation (Starafrica) is struggling to find buyers for its Tongaat Hulett Botswana (Tongaat) stake and transport subsidiary Bluestar Logistics. The group was ordered by the High Court in August last year, under a scheme of arrangement, to dispose the investments within six months. Proceeds from the sale were to be channelled…

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