Govt bails out Hwange
…Issues US$112m TBs to settle firm’s debts
RYAN CHIGOCHE The government has issued US$112m worth of Treasury Bills to settle debts owed by Hwange Colliery Company (HCCL), Business Times can report. Government is the biggest shareholder in HCCL with a 37% stake followed by British business mogul, Nick van Hoogstraten, who holds 31% through his investment vehicle Messina Investments. The issuance…
