The much hyped 371 km Mutanda – Kaoma via Kasempa road construction Public Private Partnership – PPP project from gravel to international bituminous standard has suffered a major set back as one of the tapped equity partners and possible funders with deep pockets – Remgro has pulled out. Remgro – a firm linked to South Africa’s billionaire Johann Rupert with an investment portfolio that includes investee companies across health care (such as mediclinic), Consumer goods, Infrastructure, f inancial services among others and is listed on the Johannesburg Securities Exchange (JSE) has allegedly pulled out siting concerns over traffic flow guarantees...
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