Nambawan Super Limited (NSL) confirms that it has received K52 million from the State as partial payment for its K160 million in rental arrears.
NSL is now working to finalise a suitable payment schedule to have the remaining K108 million paid before the end of the year.
NSL is hoping to finalise the agreement soon with a Memorandum of Agreement (MOA) signing with the Departments of Finance and Treasury.
As such, NSL has put on hold its lockout activity in the interest of finding an amicable and mutually satisfying solution to this issue.
However, NSL remains committed to collecting the outstanding balance of K108m in full before the end of this year and will not hesitate to lock out State tenancies if it is unable to do so.
More information will be released to the media once details of the agreement are finalised.