Govt Considers Selling Olivine Industries Shares

Minister of Finance and Economic Development, Mthuli Ncube said Government is considering selling part of its stake in Olivine Industries to an external investor to raise foreign currency towards recapitalising operations.

He said this on Friday during a tour of Surface Wilmar plant. Government has a 35 percent stake with Surface Wilmar being the main investor in Olivine. Said Ncube:

Government is considering selling part of its stake in Olivine Industries to an external investor to raise foreign currency towards recapitalising operations. We are just looking at the possibilities of selling the shares to maximise production.

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