News / National
Sanity and normalcy should prevail at Shabanie Mashaba Mines
21 Nov 2011 at 14:33hrs | Views
Lovemore Moyo, the MDC-T National Chairperson addressed a rally in Zvishavane-Ngezi on Sunday at Mandava Stadium where he said the MDC-T sympathised with workers who had to bear the brunt of investment flaws in the country.
He told the crowd that MDC-T, as a labour-backed party, sympathizes with the workers of the Shabani Mashaba Mines – which has been caught up in legal battles over ownership of the mine. The party wants sanity and normalcy at the troubled mining giant.
Moyo said the Parliament is already trying hard to make sure that serious production starts and that the workers receive unpaid salaries and bonuses.
SMMHZ was seized from businessman Mutumwa Mawere via the Reconstruction of State Indebted and Insolvent Companies Act (Reconstruction Laws and Regulations) which deemed his companies indebted to the state by owing parastatals. SMMH was deemed to be indebted to the State by virtue of owing money to the central bank (Z$30 billion), a Z$252 million debt to the National Social Security Authority, Minerals Marketing Corporation of Zimbabwe (Z$396 million), Zimbank (Z$20 billion), Zesa (Z$8,2 billion) and owing the tax collector, Zimbabwe Revenue Authority of Z$49 billion.
In a letter dated November 9 2011, Mawere's lawyers, Kyle Attorneys, wants Mpofu to disclose the identity of the said institution "who you allege has taken up ownership of, or became the registered shareholder of SMMHZ and advise on what basis of law or circumstance, the said institution became the lawful owner of or registered shareholder of SMMHZ".
He told the crowd that MDC-T, as a labour-backed party, sympathizes with the workers of the Shabani Mashaba Mines – which has been caught up in legal battles over ownership of the mine. The party wants sanity and normalcy at the troubled mining giant.
Moyo said the Parliament is already trying hard to make sure that serious production starts and that the workers receive unpaid salaries and bonuses.
SMMHZ was seized from businessman Mutumwa Mawere via the Reconstruction of State Indebted and Insolvent Companies Act (Reconstruction Laws and Regulations) which deemed his companies indebted to the state by owing parastatals. SMMH was deemed to be indebted to the State by virtue of owing money to the central bank (Z$30 billion), a Z$252 million debt to the National Social Security Authority, Minerals Marketing Corporation of Zimbabwe (Z$396 million), Zimbank (Z$20 billion), Zesa (Z$8,2 billion) and owing the tax collector, Zimbabwe Revenue Authority of Z$49 billion.
In a letter dated November 9 2011, Mawere's lawyers, Kyle Attorneys, wants Mpofu to disclose the identity of the said institution "who you allege has taken up ownership of, or became the registered shareholder of SMMHZ and advise on what basis of law or circumstance, the said institution became the lawful owner of or registered shareholder of SMMHZ".
Source - Byo24News
