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judicial management

Merlin secures 306t dyeing contract

Textile giant Merlin, which is under resuscitation, has secured a contract to dye 306 tonnes of yarn from a local company.The Bulawayo-based firm, which was placed under judicial management in 2012, is re-opening after one of its creditors…
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Debt ridden Air Zimbabwe faces liquidation

HARARE- State owned Air Zimbabwe has been placed under judicial management after its debt rose to $140 million leaving it facing possible liquidation. On Friday, the High Court appointed a judicial manager and barred the Air Zimbabwe board…
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