Financial Times FT.com

Fears grow for future of Kingdom Meikles

By Richard Lapper in Johannesburg

Published: October 6 2009 02:49 | Last updated: October 6 2009 02:49

If Zimbabwe’s coalition government is as keen as it says it is to attract foreign investment then its actions against Kingdom Meikles, the country’s biggest listed company, looks like something of an own goal.

Early last month the hotel, banking and retail group was accused of violating exchange controls and “specified”, meaning its assets and shares were suspended and two government agents appointed to run its affairs.

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