The National Social Security Authority (NSSA) was reportedly threatened off from taking over the Longchen Mall by Zimbabwe Defence Forces which own Fernhaven Investments.
NSSA is believed to have made a move to take over the Mall over a US$15.8 million debt default.
The recently released NSSA report suggests that Fernhaven offered the Mall as security to guarantee a loan facility that Africom (Private) Limited had contracted but was failing to repay.
The report suggests that NSSA which had a shareholding of 4.5% only was in 2013 compelled to become a guarantor of a loan facility after other shareholders including Fernhaven which owns a shareholding of 51% had continued to default payment.
When NSSA paid the money, it was entitled to the Mall which had been listed as security.
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