Latest News Editor's Choice

News / National

Timba 'wins' Tolrose dispute

by Staff reporter
30 Jun 2017 at 07:25hrs | Views
The High Court has put to rest Tolrose mine's seven year shareholding dispute and battle involving businessman Patterson Timba and his erstwhile partner Jameson Rushwaya.

In his recent ruling, Justice Owen Tagu emphasized that the Harare businessman, holds 6 150 shares or 61.5 percent of the shares in the goldrich mine.

The tussle for the ownership of the mine between Jameson Rushwaya and Patterson Timba  left a trail of destruction, suffering, death and social decadence some 10km outside Kadoma.

Tolrose has almost collapsed after it was taken over by First Lady Grace Mugabe's son Russell Goreraza who claims to have bought shares of the mine from Timba, the suave former FML chief executive officer resulting in the knockout of Rushwaya from equation.

Rushwaya seems to have no answers to the all-powerful Goreraza who is the First Lady Grace's first born son from a previous marriage.

The 2013 takeover of the mine at one time turned violent after workers and labour leaders were assaulted by suspected State security agents, the First Lady's brother Sam Marufu and some suspected overzealous Zanu PF-aligned youths.

A report on the assault of National Mine Workers Union of Zimbabwe (NMWUZ) president Tinashe Mugwira was made at Effiel Flats police station ref OB 4620/13 before he was referred to hospital for medical examination.

Source - dailynews