Business / Local
Geozing Pawnbrokers back in business
23 Mar 2015 at 03:33hrs | Views
CONTROVESIAL Geozing Pawnbrokers Private Limited that allegedly duped thousands of its clients of millions of dollars is back in business.
Its owner George Zingani and his wife Duduzile Ndlovu have opened a pawn broking shop in Bulawayo.
The firm's provisional judiciary manager, Thabani Siziba said the aim of the shop is to raise capital.
"Creditors are being advised that Geozing Pawn Brokers Ltd core business of pawn broking is now fully licenced and operational.
"A Geozing Pawn broking shop under judiciary management has been opened within the city centre of Bulawayo and is expected to go a long way in the repayment of its creditors," said Siziba.
Geozing Pvt Ltd was taking deposits from members of the public offering interest rates of up to 30 percent and Zingani and his wife would allegedly buy assets in their personal names.
Its owner George Zingani and his wife Duduzile Ndlovu have opened a pawn broking shop in Bulawayo.
The firm's provisional judiciary manager, Thabani Siziba said the aim of the shop is to raise capital.
"Creditors are being advised that Geozing Pawn Brokers Ltd core business of pawn broking is now fully licenced and operational.
"A Geozing Pawn broking shop under judiciary management has been opened within the city centre of Bulawayo and is expected to go a long way in the repayment of its creditors," said Siziba.
Geozing Pvt Ltd was taking deposits from members of the public offering interest rates of up to 30 percent and Zingani and his wife would allegedly buy assets in their personal names.
Source - Byo24News
