Arrest Command Agric abusers, VP tells police

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SA Resource Plc’s former Executive Chairman Yat Hoi Ning is believed to be behind Rich Pro Investment’s bid to takeover the company. Early this week, Rich Pro Investments made an offer to acquire the issued share capital of Asa at 2.1p a share, valuing ASA’s share capital at about £35.5 million. RPI owned China’s Zhejiang Hailiang Co Ltd is controlled by Feng Hailiang. – The Herald, 14 July 2017

An internal audit centred on whether CFI Holdings deputy chief executive Shingirayi Chibhanguza, who represents the interest of Nicholas Van Hoogstraten in the group, could have misused US$200 000 in cash after officials of Bellevue Abattoirs and Butcheries, a company he is associated with, collected cash from Farm & City outlets in December and January this year, has come under the spotlight. The disclosures could claim the scalp of Chibhanguza, who landed the post a few years ago after a compromise deal between the major shareholdersHamish and Simon Rudland and Van Hoogstraten that culminated in the sacking of the then chief executive Steve Kuipa and chairman Simplicious Chihambakwe. – Zimbabwe Independent, 14 July 2017

The Zimbabwe Revenue Authority (Zimra) has, in the first half of this year, suspended 21 officials and recovered $120 mln through its anti-corruption drive following tip-offs from members of the public. Zimra board chair Willia Bonyongwe reported yesterday that 21 officials had been suspended during the period, while three had been dismissed for corruption-related conduct. In an update on revenue collection for the six months ending June 30, 2017, Bonyongwe said the tax authority’s anti-corruption hotline had become handy as government intensifies efforts to curb corruption, which has been blamed for frustrating economic growth. – The Herald, 14 July 2017

The Zimbabwe Electricity Transmission and Distribution Company, a unit of Zesa Holdings, has in the first six months of the year, recovered $24 mln owed by customers in power bills through its prepayment system. Mining companies and industry owe ZETDC over $244 mln, while domestic users and farmers debts stand at over $300 mln and $75 mln respectively. Cumulatively, ZETDC customers owed over $1 bln. Zesa spokesperson Fullard Gwasira said prepaid meters and smart meters would help clear the debts, which have been outstanding for years. – The Herald, 14 July 2017

Vice President Emmerson Mnangagwa has urged the police to arrest corrupt elements like middlemen and officials abusing the Command Agriculture programme. VP Mnangagwa said the police should enforce Statutory Instrument 79, which was gazetted recently and arrest opportunists profiteering from Government funded programmes.  “This Statutory Instrument thus makes the abuse of inputs distributed under the Command Agriculture Scheme for domestic crop, livestock and fisheries production a criminal offence,” said VP Mnangagwa. “In view of the lessons learnt from previous programmes, with regards to middlemen and opportunists, who thrive on profiteering from government funded programmes, SI 79 of 2017, therefore, protects produce and Government property acquired under the Command Programme from abuse and misappropriation.” SI 79 provides for inspectors to visit beneficiaries to verify adherence to contractual obligations. – The Herald, 14 July 2017

By |July 14th, 2017|Categories: Headlines|

About the Author:

Kudzanai Sharara
Kudzanai’s background in financial journalism with ZFN, combined with a continuing education in financial management, provide a solid grounding for his work in the research department.