Essar turns up pressure on Zimbabwe to finalise NewZim sale

May 16, 2012 | 10:55 AM |

Essar Africa has increased the pressure on the Zimbabwean government to finalise the sale of NewZim Steel by halting salary payments to employees of the dormant steel plant. “We have suspended salaries until we have closure on this deal,” Firdhose Coovadia, resident director for Essar in the Middle East and Africa,....

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