Zimbabwe: South Africa-based PPC’s sale of a property in Arlington, near Harare, has fallen through after the prospective buyer failed to pay $30m by the agreed deadline of 30 June 2026. This frustrates the producer’s plans to divest its non-core assets. PPC was attempting to sell the properly to Transvaal Africa through its 88% subsidiary PPC Zimbabwe.
The deal previously showed ‘signs of strain’ in February 2026, when PPC told shareholders it had agreed with the buyer to push back the deadline to the end of June 2026 as ‘administrative matters had delayed the meeting of certain milestones.’
PPC Zimbabwe regained ownership of the Arlington property in December 2024, following its seizure by the Zimbabwean government in 2010.