HomeNewsTN Holdings seals $845k Rufaro Marketing deal

TN Holdings seals $845k Rufaro Marketing deal

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TN Holdings and Rufaro Marketing have sealed an $845 900 deal for leasing Rufaro Marketing beer halls for the next 12 years, a company official has said.

Rufaro Marketing finance director Daniel Mutiwadirwa said TN holdings had revised downwards the number of outlets to be leased from 25 outlets to 14.

TN Holdings have already paid Rufaro Marketing $705 900 in advance for the first six months for the 14 beer halls, said Mutiwadirwa.

He said the remaining balance was $140 000 for the full-year rentals.

He, however, said TN holdings had not begun operations as there were outstanding technical aspects to deal with, since they were changing the plan altogether.

Rufaro Marketing chairperson Philip Mataranyika said the TN deal for the leasing of 14 outlets had been finalised and some of the outlets were in Dzivarasekwa, Tangai Bar in Wedza, Nenyere in Mbare, Spaceman Bar in Glen Norah and Harare Gardens.

We have already finalised and we are receiving our monthly rentals as agreed, said Mataranyika.
He said what Rufaro Marketing wanted was to lease the property as agreed and the rest was up to TN Holdings on what they wanted to do with the leased property.

Mataranyika, however, said the company was to lease the remaining property as soon as they found takers.

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