Business / Companies
Zanu-PF, Zimplats empowerment fraud exposed
27 Sep 2011 at 05:59hrs | Views
Three (3) top Zanu PF officials have been accused of setting up a community trust to benefit from the indigenisation of the country's biggest platinum miner, Zimplats, without involving the local chief.
The trust, to be officially launched by President Mugabe soon, is set to get 10% shares in Zimplats worth $120 million under the indigenisation programme.
The development has set Local Government, Public Works and Urban Development minister Ignatious Chombo, Youth Development, Indigenisation and Empowerment minister Saviour Kasukuwere and area MP Bright Matonga on a collision course with paramount Chief Nyika.
Zimplats Mine in the Mhondoro-Ngezi constituency is mining in an area under Chief Nyika's jurisdiction. Chief Nyika said he won't recognise the "community trust" because his people had formed their own Mhondoro-Ngezi Community Development Foundation, which the 3 politicians have allegedly sidelined.
Chombo, Kasukuwere and Matonga on Thursday informed traditional leaders of the formation of the trust at Chief Murambwa's homestead in Mhondoro-Ngezi.
Chief Nyika alleged that he had not received an official invitation to the meeting and was not briefed about the purpose of the trust being spearheaded by the ministers. He claimed that Zimplats had bought a named minister a car as part of an inducement plan, accusations that were dismissed by the platinum miner.
The trust, to be officially launched by President Mugabe soon, is set to get 10% shares in Zimplats worth $120 million under the indigenisation programme.
The development has set Local Government, Public Works and Urban Development minister Ignatious Chombo, Youth Development, Indigenisation and Empowerment minister Saviour Kasukuwere and area MP Bright Matonga on a collision course with paramount Chief Nyika.
Zimplats Mine in the Mhondoro-Ngezi constituency is mining in an area under Chief Nyika's jurisdiction. Chief Nyika said he won't recognise the "community trust" because his people had formed their own Mhondoro-Ngezi Community Development Foundation, which the 3 politicians have allegedly sidelined.
Chombo, Kasukuwere and Matonga on Thursday informed traditional leaders of the formation of the trust at Chief Murambwa's homestead in Mhondoro-Ngezi.
Chief Nyika alleged that he had not received an official invitation to the meeting and was not briefed about the purpose of the trust being spearheaded by the ministers. He claimed that Zimplats had bought a named minister a car as part of an inducement plan, accusations that were dismissed by the platinum miner.
Source - Standard
