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'Welshman Ncube's MDC bankrupt'

by Staff reporter
23 Jan 2014 at 08:28hrs | Views
The sun is setting on Welshman Ncube's political life and his MDC party is collapsing due to bankruptcy.

A senior party member based in Bulawayo said all was not well in the party.

The MDC has reportedly hit the financial rock bottom, forcing it to cut back on some of its programmes.

The party which is hamstrung by insolvency, closed provincial offices in Bulawayo, Matabeleland North, Midlands North, midlands South, Masvingo, Mashonaland West and Manicaland.

Party insiders said production of election campaign ahead of the July 31 general elections depleted the party's coffers, leaving it surviving from hand to mouth.

The MDC failed to win a single contested parliamentary seat in the just-ended polls.

However, MDC spokesperson Nhlanhla Dube and treasurer-general Paul Themba Nyathi dismissed the bankruptcy allegations as "a hoax", saying their party had adopted a different strategy of operating in secrecy.

"The MDC is funded entirely by its members and some local well-wishers and this has not changed," Dube said.

Dube said MDC members were busy holding closed-door meetings at their homes instead of public gatherings to secretly strategise the party’s comeback following its electoral defeat.

Nyathi said the MDC treasury department was only funding meetings deemed necessary.

Source - dailynews