Various vehicles, machinery and various equipment at former Presidnet Robert Mugabe’s Gushungo Holdings will this saturday go under hammer amid indications that the dairy concern was struggling.
Saddled with debts and a low market share, Gushungo Holdings, a company that was epitome of black investments during the Mugabe era, on saturday wil have to sale its vehicles and other accessories.
According to a notice from Ruby Auctions that the farm equipment and the vehicles wil be sold on site at their factory in Mazowe.
“Duly instructed by our most valued client we shall by public auction the following vehicles and farm equipment at Gushungo farm on Saturday 11 May 2019 at 10:00 hours,” read the notice.
Among the vehicles to be auctioned include, Toyota Hilux D4D accident damaged, scania Horse, motor cycles, tractors and other accessories.
Since the departure of Mugabe in 2017 through a military coup, Gushungo Holdings has been struggling with its uptake declining