Patrick Bitature and Sudhir Ruparelia

Simba Group Chairman and city businessman Patrick Bitature has spoken out on reports that some tycoons such as Sudhir Ruparelia are target his properties such as Protea Hotel – Naguru (Skyz Hotel), Elizabeth Royal Apartments and Moyo Close Apartments, under his Simba Telecom Limited as well as Simba Properties Investment Company Limited. 

REVEALED: Bitature Opens Up on Why He Failed to Pay Vantage Loan -- and What's Next Moving Forward

“Unforeseen challenges such as the unprecedented delay of the Final Investment Decision (FID) on the oil and gas projects and Vantage’s requirement to us to improve the Hotel’s fire and safety features to internationally benchmarked standards hindered our envisaged projects. We then proactively engaged Vantage and mutually agreed to a further moratorium for two (2) years, thereby mutually agreeing to freeze all payments until December 2019.