Zimbabwe's Heinz transaction unpacked
On Monday, September 3, it was disclosed that H.J. Heinz Co., a company domiciled in the USA, had sold its 51% in Olivine Industries, a company incorporated under the laws of Zimbabwe in which the government of Zimbabwe holds the remaining 49% shareholding.
The motivation, structure and financing of the transaction raises more questions that answers. The timing of the deal and its motivation clearly raises a number of issues. While the real motivation of the price freeze may never be known, its causal link with the indigenisation and empowerment objectives of the government of Zimbabwe needs to be interrogated.
Read the full article here here
Related
Young Ones One Show launches new creative brief Clash Royale 23 Dec 2024 Heinz faces backlash for racially controversial ads 16 Oct 2024 #Loeries2023: First 3 Grand Prix awarded 6 Oct 2023 #Cannes2023: Slow and steady as SA and the Middle East agencies bring home more Lions 21 Jun 2023 #Cannes2023: UAE Impact BBDO takes Grand Prix, Ogilvy SA wins Gold; Nigeria awarded first Lion 20 Jun 2023