In a Shocking development, Gambakwe Media sources have revealed how politically connected individuals have effectively grabbed 20 stores from South Africa ‘s Pepkor.
A group led by General Manager, Fanuel Mahachi has reportedly hatched a plan to deny that Pepkor ever owned Power Sales.
If everything goes as planned, this politically connected group is set to flight an advertisement in tomorrow’s Chronicle laying out these claims.
Although Power sales is not doing well, it has a powerful brand and has assets that can still be sold, including stock.
Buyers have been lining up to acquire these residual assets but have been met by hostile staff at Head Office.
This development is set to alarm foreign investors in Zimbabwe and throw ED Mnangagwa ‘s’ Zimbabwe is open for business’ plans off course.