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politics<br />

No vacancy for<br />

president, Mujuru<br />

told/ Page 2<br />

business<br />

Tetrad shelves<br />

commercial<br />

bank plans/ A1<br />

<strong>Zimbabwe</strong><br />

<strong>independent</strong><br />

the leading business weekly<br />

xtra<br />

RiRi gets naughty<br />

at fashion<br />

awards/ X1<br />

US<br />

$2<br />

june 6 to 12, <strong>2014</strong> Botswana P15 /south africa r20 /uK £1.50 /eu €1.55 www.the<strong>independent</strong>.co.zw<br />

Fireworks<br />

erupt in<br />

politburo<br />

Faith Zaba/Elias MaMbo<br />

FRESH cracks have emerged in Zanu PF<br />

over the use of state media to sow divisions,<br />

the poorly articulated indigenisation<br />

programme blamed for scaring away investors,<br />

and jockeying for positions ahead<br />

of the party’s much-anticipated congress<br />

in December.<br />

The recent starkly contrasting policy<br />

positions on indigenisation between the<br />

minister of indigenisation Francis Nhema,<br />

and that of Information Jonathan moyo,<br />

which played out in the media, highlight<br />

the problem.<br />

The clashes resulted in fireworks at the<br />

Zanu PF politburo meeting on Wednesday<br />

where the indigenisation policy was clarified<br />

and a livid President Robert mugabe<br />

and members of Vice-President Joice<br />

mujuru’s faction railed against moyo for<br />

abusing the state media, which they said<br />

was causing divisions within the party.<br />

There is a growing feeling in Zanu PF that<br />

the state media, managed by moyo, was<br />

being used to push a factional agenda.<br />

According to politburo insiders, party<br />

heavyweights aligned to mujuru’s faction<br />

attacked moyo, accusing him of fuelling<br />

clashes in the party using the state media.<br />

The discussion exposed the factional<br />

fault-lines, with politburo<br />

Under attack . . . Information minister Jonathan Moyo<br />

members aligned to Justice minister Emmerson<br />

mnangagwa siding with moyo on<br />

the appointment of editors to the state-run<br />

newspaper group, Zimpapers, who used to<br />

work at what mugabe described as “anti-<br />

Zanu PF” media organisations.<br />

mugabe sided with mujuru and her<br />

lieutenants who took advantage of the discussion<br />

to openly attack moyo, whom they<br />

believe is behind media campaigns targeted<br />

at mujuru and her allies.<br />

Speakers from the mujuru faction accused<br />

moyo of leading a group in the party<br />

to discredit mujuru and her allies ahead of<br />

the congress. They blamed the Information<br />

minister for abusing his office by allegedly<br />

using the media to target mujuru, the most<br />

senior party member among those tipped<br />

to succeed mugabe.<br />

to Page 2<br />

NetOne loses millions to fraudsters<br />

owEn GaGarE<br />

AN audit report into the operations of NetOne’s<br />

Bulawayo branch reveals that the<br />

struggling mobile service provider lost<br />

millions of dollars through fraudulent activities<br />

allowed to thrive because of lack of<br />

supervision by, among others, the company’s<br />

Harare head office.<br />

The confidential report compiled by BCA<br />

Forensic Audit Services dated November<br />

12 2012 shows that NetOne suffered financial<br />

prejudice as a result of fraudulent<br />

actions and the negligence of employees<br />

and shop management.<br />

Several employees were fingered in<br />

the fraudulent activities, among them<br />

Wellington Dodzo, a regional sales representative<br />

employed in march 2011. Dodzo<br />

was employed while on bail facing criminal<br />

charges of 30 counts of theft from<br />

Delta Beverages in Bulawayo (ZRP Bulawayo<br />

central CR 285/5/09 and CID Fraud<br />

Bulawayo DR1615/09).<br />

“During his tenure of office he committed<br />

a series of fraudulent activities against<br />

NetOne in Bulawayo . . . The amount outstanding<br />

from his account of stock which<br />

he took arose from US$190 205 on 31<br />

October 2011 to US$852 796 as at 31 July<br />

2012,” reads the report.<br />

“Our investigation revealed that he was<br />

in the practice of collecting cash from<br />

dealers and vendors without issuing receipts,<br />

and would not remit some of the<br />

cash to the NetOne office.”<br />

According to the report, unaccountedfor<br />

airtime recharge cards taken by Dodzo<br />

from the Jason moyo Shop in Bulawayo<br />

as consignment stock for distribution to<br />

dealers and vendors stood at US$465 148.<br />

“mr Dodzo cannot account for the stock.<br />

He created fraudulent documents to try<br />

and camouflage the stock shortages,”<br />

reads the audit report.<br />

It highlighted that the company’s policies<br />

and procedures were not being<br />

followed. The regional account manager<br />

was well aware that his subordinates were<br />

flouting policies and procedures, but allowed<br />

the practice to continue by not<br />

taking corrective action.<br />

“In this regard they allowed vendors to<br />

access products at 15% commission on<br />

credit or consignment, whereas their conditions<br />

provide that vendors buy on cash<br />

basis and they are entitled to 10% commission.<br />

This practice resulted in NetOne<br />

suffering financial prejudice amounting to<br />

to Page 2<br />

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2<br />

<strong>Zimbabwe</strong> <strong>independent</strong> june 6 to 12, <strong>2014</strong><br />

local news<br />

No vacancy for president, Mujuru told<br />

elias MaMbo/Herbert Moyo<br />

A PEEVED President Robert Mugabe sent a<br />

senior politburo member to “advise” Vice-<br />

President Joice Mujuru that there is no vacancy<br />

for the Zanu PF presidency as the<br />

succession race intensifies ahead of Zanu<br />

PF’s December congress, the <strong>Zimbabwe</strong> Independent<br />

can reveal.<br />

Highly-placed Zanu PF officials said<br />

Mugabe took the pre-emptive action because<br />

he was exasperated by Mujuru who<br />

is said to be eyeing the top post in the event<br />

that Mugabe resigns or is incapacitated.<br />

“The President (Mugabe) sent a confidant<br />

to tell Mujuru that he is still in charge and<br />

she should not campaign for the presidency<br />

because he (Mugabe) has no intention of<br />

relinquishing the presidency at congress,”<br />

said one party official, adding: “She was<br />

FaitH Zaba<br />

THE generation with which<br />

President Robert Mugabe lived<br />

and worked during the liberation<br />

struggle leading to Independence<br />

is almost gone with the death of<br />

Zanu PF politburo member Nathan<br />

Shamuyarira on Wednesday.<br />

Shamuyarira died from problems<br />

related to a chest infection at<br />

Harare’s West End hospital where<br />

he was on life-support in the intensive<br />

care unit. He was 85.<br />

Shamuyarira is likely to be declared<br />

a national hero after his<br />

home province, Mashonaland<br />

West, met yesterday and recommended<br />

to the party leadership<br />

that he be buried at the National<br />

Heroes Acre.<br />

Besides Mugabe (90) the only<br />

surviving members of the Chimoio<br />

special congress which elevated<br />

Mugabe to the presidency<br />

of the party in 1977 are Vice-<br />

President Joice Mujuru, Zanu PF<br />

spokesperson Rugare Gumbo,<br />

Defence minister Sydney Sekeramayi<br />

and Justice minister Emmerson<br />

Mnangagwa.<br />

Out of the inaugural 20-member<br />

cabinet at Independence in<br />

From Page 1<br />

US$416 520,70,” says the report.<br />

“We also note that the Bulawayo<br />

shops were submitting a<br />

list of dealers to the Sales Office<br />

at Head Office on a monthly basis.<br />

The list of dealers referred to<br />

included names of vendors but<br />

head office did not query why the<br />

vendors were included on the list<br />

of dealers.”<br />

The auditors also noted that the<br />

identification of dealers and their<br />

registration was not done according<br />

to the company policy in<br />

some instances.<br />

An example was given of an<br />

unregistered company called Nature<br />

Peak that was allowed to do<br />

business with NetOne.<br />

This was despite NetOne having<br />

a credit control unit in Bulawayo<br />

whose core business was to assess<br />

business risk before entering into<br />

a transaction with consignees.<br />

“The unit is treated like a debt<br />

collection team. The result is<br />

that stock valued at US$1 602<br />

718 was alleged to be due from<br />

consignees.”<br />

As a result dealers and vendors<br />

exploited a weakness in the<br />

manner management of NetOne<br />

Bulawayo office was conducting<br />

business and converted consignment<br />

stock into credit stock. Instead<br />

of remitting cash to NetOne,<br />

they took the cash and turned it<br />

advised that there is no vacancy for the top<br />

post and therefore she should campaign for<br />

the vice-presidency or any other post.”<br />

The sources further claimed that although<br />

Mujuru appeared to heed the message,<br />

she went on to tell members of her<br />

faction to go ahead with their campaign<br />

plans.<br />

The succession debate is threatening to<br />

rip Zanu PF apart with Mujuru and Justice<br />

minister Emmerson Mnangagwa said to be<br />

leading factions angling to succeed Mugabe,<br />

who, at 90, is battling eye and knee problems,<br />

and other undisclosed ailments.<br />

Mnangagwa and Mujuru have strenuously<br />

denied harbouring presidential ambitions<br />

or leading factions, insisting they are loyal<br />

to Mugabe.<br />

Recently, Mugabe said the people would<br />

decide his successor when the time comes.<br />

While addressing members of the Gushungo<br />

clan at Murombedzi Growth point in<br />

Zvimba, Mugabe said: “Izvi tirikutaura nekuti<br />

kumaprovince akawanda kwanga kune nyaya<br />

iyoyo yekudhivhaidhana kuti vamwe varikunzi<br />

ndevaMai Mujuru pane zvesuccession, vamwe<br />

ndevaminister Mnangagwa vachinzi ndovaviri<br />

varikuda kuzotora chigaro chaPresident kana varitaya<br />

(Mnangagwa and Mujuru are not the<br />

only candidates to succeed me; in many<br />

provinces we hear of divisions along factional<br />

lines under these two).<br />

“Vanhu vanosarudza vavanoda. Handi vaviri<br />

ivava chete. (People are free to choose any<br />

other person they think is the best candidate<br />

besides these two).”<br />

The sources said the subsequent endorsement<br />

of Mugabe by his home district<br />

of Zvimba was also part of the strategy to<br />

pre-empt any subsequent attempts to<br />

Mugabe’s generation almost gone<br />

1980 (with 13 deputies) which<br />

included Shamuyarira, only four<br />

are still alive in Dzingai Mutumbuka,<br />

Mnangagwa, Mujuru and<br />

Sekeramayi.<br />

Mugabe has publicly lamented<br />

the loss of his colleagues stating<br />

that he now feels lonely as<br />

he is now surrounded by “small<br />

people” he cannot relate to on<br />

an equal footing because of age<br />

differences.<br />

Mugabe said the only person<br />

who came close to him on maturity<br />

and age was the Zanu PF secretary<br />

for administration Didymus<br />

Mutasa, who was the first<br />

speaker of the House of Assembly<br />

at Independence.<br />

Mutasa, born in 1935, is 11 years<br />

Mugabe’s junior.<br />

“. . . They are gone (his agemates)<br />

and those who remain,<br />

you look down upon them because<br />

they are young. And so you<br />

can’t discuss with them things<br />

that happened in the 1930s or<br />

even 1950s. They will not know.<br />

There is that limitation,” Mugabe<br />

NetOne swindled of<br />

millions of dollars<br />

into working capital for their<br />

businesses.<br />

One of the people implicated<br />

in mismanagement was Arthur<br />

Madziro, appointed regional account<br />

manager on December 1,<br />

2011.<br />

“When Madziro was appointed<br />

regional account manager, the<br />

balance in respect of consignment<br />

stock was US$743 636,25<br />

and this balance increased to<br />

US$1 602 718 during his tenure of<br />

office.<br />

“He was grossly negligent in<br />

the execution of his duties, resulting<br />

in Dodzo being allowed<br />

to take consignment stock worth<br />

US$852 796,50, of this amount,<br />

US$465 146 is disputed by dealers<br />

and vendors,” reads the report.<br />

“Chances of recovering the<br />

money from the dealers and vendors<br />

are slim because Madziro allowed<br />

Dodzo to issue stocks without<br />

issuing delivery notes hence<br />

there is no proof of deliveries.”<br />

Numerous fraudulent activities<br />

involving sums ranging between<br />

US$300 and US$20 000 were also<br />

detected during the audit.<br />

NetOne regional manager<br />

Douglas Mafunda was also implicated<br />

in fraudulent activities,<br />

including cancelling company<br />

debts, demanding bribes and destroying<br />

company records, but<br />

denied the allegations.<br />

The late Nathan Shamuyarira<br />

said in an interview with ZBC to<br />

mark his 89th birthday.<br />

“You take my cabinet as it is,<br />

there is no one I can talk to about<br />

how we used to approach girls<br />

or we would go to this and that<br />

place, riding bicycles. There is no<br />

one. There are others like Mutasa.<br />

He comes close, but others are<br />

just children.”<br />

A journalist by profession after<br />

working as a cub reporter with<br />

From Page 1<br />

A top Zanu PF politburo member<br />

said: “Jonathan Moyo came<br />

under attack for the Zimpapers<br />

appointments. Members questioned<br />

why people from newspapers<br />

and organisations that<br />

were anti-Zanu PF were being<br />

appointed editors.”<br />

Another politburo member<br />

said: “The president led the discussion.<br />

He started off by citing<br />

a report on people from the private<br />

media being appointed to<br />

top positions at Zimpapers where<br />

they are not reflecting the party’s<br />

thrust.<br />

“The president said instead<br />

there is a lot of acrimony and divisions<br />

being caused by the state<br />

media. He was very angry — I<br />

have rarely seen him that angry.”<br />

A report on the state media,<br />

believed to have been prepared<br />

by the Mujuru faction, was circulated<br />

ahead of the politburo<br />

meeting.<br />

The politburo member said:<br />

“The discussion was very frank<br />

and people were able to express<br />

what they have been whispering<br />

in the corridors. People even<br />

spoke on the statements made<br />

by Moyo after he was fired from<br />

Zanu PF in 2004 that the best way<br />

to destroy Zanu PF is to do it from<br />

within. They wanted to know if<br />

this was part of that strategy.<br />

“Mai Mujuru also spoke strongly<br />

against what she described as a<br />

campaign to tarnish her image.”<br />

In his defence, Moyo said the<br />

African Newspapers Ltd in 1953,<br />

Shamuyarira rose steadily at the<br />

company, becoming the first editor<br />

of the African Daily News in 1956.<br />

From July 1959 until September<br />

1962, he was Editor-in-Chief of<br />

African Newspapers, a post from<br />

which he resigned over various<br />

policy issues.<br />

During the liberation struggle,<br />

Shamuyarira fought at different<br />

times under and helped lead Frolizi,<br />

Zanu and Zapu.<br />

At Independence, Shamuyarira<br />

was appointed minister of information<br />

and tourism and the other<br />

portfolio he held in government<br />

was minister of foreign affairs.<br />

He retired from active politics in<br />

2010 due to deteriorating health.<br />

He is the only minister to voluntarily<br />

retire from office, in 2000,<br />

saying he wanted to concentrate<br />

on his work in Zanu PF as secretary<br />

of information.<br />

In October 2006, Shamuyarira,<br />

making reference to the Gukurahundi<br />

massacres of the 1980s,<br />

sparked outrage when he declared<br />

challenge his position.<br />

Last month, Zanu PF’s Zvimba district<br />

comprising legislators Ignatius Chombo,<br />

Walter Chidhakwa, Ziyambi Ziyambi as<br />

well as chiefs endorsed Mugabe in a move<br />

meant to set the tone for other districts and<br />

provinces to follow suit.<br />

“The thunderous victory in last year’s<br />

harmonised elections was testimony that<br />

the people enjoyed President Mugabe’s<br />

leadership on a variety of issues,” Chombo<br />

is reported to have said at the Zvimba<br />

meeting.<br />

“He deserves to rule the country for<br />

more years. Since he was elected President<br />

of <strong>Zimbabwe</strong>, we cannot have another person<br />

to lead Zanu PF.<br />

“Mugabe must continue to head both the<br />

party and government.”<br />

that Mugabe and the late cabinet<br />

minister Edison Zvobgo were<br />

wrong to apologise for the North<br />

Korea-trained 5 Brigade massacres<br />

in Matabeleland and parts of<br />

Midlands.<br />

Asked if he ever regretted the<br />

atrocities, Shamuyarira, who<br />

served as information minister<br />

during the 5 Brigade operation,<br />

is reported to have told a conference<br />

on national reconciliation<br />

in Vumba: “No, I don’t regret (it).<br />

They (5 Brigade) were doing a job<br />

to protect the people.”<br />

Meanwhile, the <strong>Zimbabwe</strong> National<br />

Editors Forum (Zinef) has<br />

expressed “profound sadness and<br />

heartfelt condolences to the Shamuyarira<br />

family and nation over<br />

the passing on of a prominent<br />

nationalist and former government<br />

minister Dr Nathan Shamuyarira,<br />

who was also a politburo<br />

member.”<br />

Zinef said: “Shamuyarira’s<br />

contribution to <strong>Zimbabwe</strong>’s liberation<br />

and development are a<br />

matter of public record. However,<br />

he made a special contribution<br />

and an indelible mark in our<br />

area of interest which is the media<br />

and journalism.”<br />

Fireworks erupt in politburo meeting<br />

appointments were made to<br />

build a strong team in preparation<br />

for the 2018 elections.<br />

“What angered the president<br />

was that Moyo was doing it without<br />

consulting the President’s<br />

Office and security,” said the politburo<br />

member.<br />

The Mujuru faction has always<br />

maintained that the salary<br />

scandal which involves senior<br />

executives in parastatals and<br />

quasi-state enterprises had assumed<br />

a factional and succession<br />

dimension.<br />

The faction’s members claimed<br />

the salary scandal disclosures<br />

were being used to target their<br />

camp while sparing those linked<br />

to the faction led by Mnangagwa.<br />

Women’s League boss Oppah<br />

Muchinguri defended Moyo arguing<br />

that the politburo should<br />

not rush to criticise him for<br />

poaching from the private media<br />

when there are senior party officials<br />

who have done worse by<br />

leaking information to the Americans<br />

as was revealed through<br />

WikiLeaks.<br />

She also asked why people<br />

were making noise about the<br />

journalists when the department<br />

of information employed Psychology<br />

Mazivisa, who used to<br />

write articles viciously attacking<br />

Zanu PF.<br />

Between 2005 and 2010, Zanu<br />

PF officials, among them Mujuru,<br />

were exposed in the secret<br />

United States cables released by<br />

WikiLeaks as having met US diplomats<br />

to discuss Mugabe’s succession<br />

issue, health and other<br />

political issues.<br />

Officials who defended Moyo<br />

included Mnangagwa and Saviour<br />

Kasukuwere.<br />

Questions were raised about<br />

the recently established Information<br />

and Media panel of Inquiry<br />

(Impi) to assess the state<br />

of the information and media industry<br />

in <strong>Zimbabwe</strong>.<br />

Although it was reportedly approved<br />

by cabinet there are some<br />

who are still suspicious about its<br />

mandate.<br />

Zanu PF spokesman Rugare<br />

Gumbo refused to comment on<br />

the attack on Moyo.<br />

Gumbo however said it was<br />

agreed that the shareholding<br />

structure for the mining sector<br />

would be 51% local and 49%<br />

foreign while other sectors like<br />

manufacturing and finance<br />

would be negotiated on case-bycase<br />

basis.<br />

Indigenisation minister Francis<br />

Nhema was directed to come<br />

up with a legal framework that<br />

clearly stated this position,<br />

which Mugabe has been publicly<br />

advocating.<br />

Asked if the politburo had discussed<br />

the two empowerment<br />

models announced by Moyo a<br />

fortnight ago, Gumbo said: “They<br />

were not up for discussion. The<br />

president said we have to be very<br />

clear regarding natural resources<br />

but for other sectors, we will<br />

negotiate.”


ZIMBABWE INDEPENDENT JUNE 6 TO 12, <strong>2014</strong> 3<br />

LOCAL NEWS<br />

EU warms up to progress in Zim<br />

WONGAI ZHANGAZHA<br />

WHILE the European Union (EU) seems to<br />

have warmed up to what it sees as progress<br />

by the Zanu PF government in key areas including<br />

democracy, rule of law and security<br />

of investment, there is concern that government<br />

has not made sufficient progress on<br />

these fronts.<br />

<strong>Zimbabwe</strong> and the EU are currently engaged<br />

in crucial negotiations that could<br />

throw a lifeline to the cash-strapped Zanu<br />

PF government that is now struggling to<br />

pay civil servants on time. This is against the<br />

backdrop of an economic malaise characterised<br />

by a liquidity crunch and company<br />

closures among other worrying signs.<br />

Should the two parties reach an agreement,<br />

the EU will, for the first time in more<br />

than a decade, help finance <strong>Zimbabwe</strong>’s<br />

budget. They are currently involved in cautious<br />

discussions on modalities of implementation<br />

which should be finalised by<br />

November.<br />

The EU stopped direct aid to government<br />

in 2002 after imposing restrictive measures<br />

on President Robert Mugabe and his inner<br />

circle as well as companies linked to them<br />

over accusations of gross human rights violations,<br />

democratic principles and the rule<br />

of law under the Cotonou Agreement.<br />

The shift in prioritisation of funding from<br />

civil society organisations to a Zanu PFcontrolled<br />

government by the European<br />

Union has raised concerns in the NGO sector<br />

on sustainability as many believe human<br />

rights violations and corruption in the public<br />

sector remain rampant.<br />

NGOs who spoke to the <strong>Zimbabwe</strong> Independent<br />

on condition of anonymity had reservations<br />

over government’s commitment to<br />

reform, saying it had not adequately put in<br />

place systems to ensure accountability and<br />

EU ambassador Aldo Dell’Ariccia<br />

transparency in the administration of public<br />

finances, including its procurement and<br />

tendering systems.<br />

They based their reservations on the<br />

Comptroller and Auditor-General’s Office<br />

reports that accuse state-owned companies,<br />

government departments and local government<br />

of corruption and financial abuse. Despite<br />

the annual reports exposing numerous<br />

irregularities, nothing has been done to address<br />

the anomalies.<br />

The NGOs also raised questions as to how<br />

the funds would be administered amid fears<br />

that if the re-engagement exercise was successful,<br />

NGOs — perceived by government<br />

as promoting a regime change agenda —<br />

would be sidelined.<br />

As recently pointed out by Amnesty International,<br />

despite the new constitution<br />

being in effect for a year, government is yet<br />

to amend or repeal all the laws rendered unconstitutional<br />

and continues to use them.<br />

In an interview this week, EU ambassador<br />

Aldo Dell’Ariccia said the EU had not<br />

changed its policies on <strong>Zimbabwe</strong> and reengagement<br />

with the government started<br />

after the establishment of the Global Political<br />

Agreement and the Government of National<br />

Unity.<br />

He said the EU Council of Ministers decided<br />

that in the event there was no serious<br />

violations of human rights, no disruption<br />

of the democratic order and rule of law,<br />

on November 1 <strong>2014</strong> Article 96 would be<br />

“completely lifted and the EU would enter<br />

into normal relations with the government<br />

of <strong>Zimbabwe</strong>”.<br />

Dell’Ariccia said: “This means that there<br />

is a possibility from the first of November of<br />

co-operating directly with government. At<br />

present our co-operation is mainly channelled<br />

through the UN organisations, not<br />

NGOs. The support for NGOs is marginal as<br />

compared to the one that is implemented<br />

through UN agencies.<br />

“It is possible that some of the money will<br />

be channelled through government using<br />

appropriate mechanisms that will permit<br />

that the EU can, at any moment, audit the<br />

use of the funds.<br />

He said co-operation through the NGOs<br />

is likely to continue in areas where the organisations<br />

have a comparative advantage in<br />

terms of their capacity to access directly the<br />

beneficiaries of the development aid.<br />

Dell’Ariccia said last week’s meeting to<br />

discuss the draft National Indicative Programme<br />

(NIP) was frank, open and constructive<br />

adding that it was enough to demonstrate<br />

that the fears of the NGOs were<br />

“unfounded”.<br />

The draft NIP has been agreed between<br />

government, EU and about 150 civil society<br />

organisations from all sectors that include<br />

the private sector and parliamentary<br />

committees.<br />

According to the draft NIP, the EU proposes<br />

to fund €88 million to the health sector,<br />

€88 million to agriculture-based economic<br />

development while governance and institution<br />

building will get €45 million. Civil society<br />

support is set at €6 million while support<br />

to the national authorising officer will<br />

be €3 million; the technical co-operation<br />

facility will get €4 million.<br />

The EU resident representative said the<br />

re-engagement negotiations with Zanu PF<br />

did not mean the EU was saying there are no<br />

human rights violations.<br />

“I am saying there is an improvement.<br />

There are investigations going on for cases<br />

that have been reported. We have seen some<br />

positive judgments by the tribunals and<br />

these are the elements we are considering,”<br />

he said. “We observed recent land invasions<br />

and the invaders were evicted by the authorities.<br />

We have assurances that the Bilateral<br />

Investment Promotion and Protection<br />

Agreements (Bippas) would be respected.<br />

Which means in case there are expropriations,<br />

due compensation would be paid.<br />

“If <strong>Zimbabwe</strong> wants to promote investment<br />

it has to put in place mechanisms that<br />

will permit the interests of the investors to<br />

be protected. In this sense, we have been<br />

hearing good and positive messages coming<br />

from the government at the highest level.<br />

But we are waiting now to see how these<br />

good intentions are translated into properly<br />

gazetted cabinet decisions that will ensure<br />

transparency, accountability and equal<br />

treatment of all stakeholders.”<br />

The lifting of the economic measures will<br />

enable <strong>Zimbabwe</strong> to benefit from the 11th<br />

European Development Fund which supports<br />

development programmes in Africa,<br />

Caribbean and Pacific countries and runs<br />

from <strong>2014</strong> to 2020.


4<br />

<strong>Zimbabwe</strong> <strong>independent</strong> june 6 to 12, <strong>2014</strong><br />

loCal news<br />

Zanu PF readies<br />

‘Dokora must consult’<br />

for 2018 elections<br />

Herbert Moyo<br />

LESS than a year into its fiveyear<br />

mandate, the ruling Zanu<br />

PF party has already started<br />

preparations for the next polls<br />

due in 2018 by importing vehicles,<br />

clothing and other regalia<br />

to be distributed during<br />

campaigns.<br />

The development, which<br />

comes after the party controversially<br />

secured a fresh mandate<br />

to govern the country in<br />

the July 2013 elections last year<br />

was confirmed by party sources<br />

over last weekend.<br />

This comes as the party is yet<br />

to deliver on its poll promises<br />

which include creating 2,265<br />

million jobs, as the economy<br />

shows renewed signs of stress<br />

characterised by company closures<br />

and job losses.<br />

A consignment of T-shirts,<br />

head and waist gear has already<br />

been imported from China and<br />

await printing ahead of distribution<br />

to party supporters.<br />

The sources told the <strong>Zimbabwe</strong><br />

Independent Zanu PF is not resting<br />

on its laurels as it seeks to<br />

consolidate its stranglehold on<br />

power secured after an overwhelming<br />

poll triumph marred<br />

by allegations of rigging and<br />

A Zanu PF campaign vehicle. Pic: Elias Mambo<br />

systematic disenfranchisement.<br />

Party officials said the printing<br />

would be done once there is clarity<br />

over the party’s presidential<br />

candidate.<br />

Party regalia has always been<br />

emblazoned with portraits of<br />

the party president and respective<br />

candidates. Although current<br />

leader President Robert<br />

Mugabe is seeking re-election at<br />

the party’s congress scheduled<br />

for December, it remains unclear<br />

whether he will represent<br />

the party in 2018 amid concerns<br />

about his age and health. He will<br />

be 94 when the polls are due.<br />

Some of the cars are already on<br />

the roads and some were spotted<br />

over the weekend with the<br />

branding: “Team Zanu PF 2018”.<br />

“We did very well in 2013 because<br />

we started the preparations<br />

early while our MDC colleagues<br />

were enjoying the trappings of<br />

their new-found power in the<br />

inclusive government (2009-<br />

2013). We will use the same formula,”<br />

said a senior party official<br />

who spoke on condition of<br />

anonymity.<br />

“We learnt from the 2008 experience<br />

where we narrowly lost<br />

the parliamentary elections and<br />

the first round of the presidential<br />

contest to the MDC-T.”<br />

elias MaMbo<br />

PLANS by Primary and Secondary<br />

Education minister Lazarus<br />

Dokora to revamp the education<br />

curriculum have set tongues<br />

wagging as stakeholders and educationists<br />

insist there is need for<br />

serious consultations before any<br />

policy is changed.<br />

Although stakeholders agree<br />

that a review of the education<br />

system is long overdue, they insist<br />

Dokora should engage stakeholders<br />

and educationists to get<br />

advice on what direction the<br />

education system should take,<br />

instead of unilaterally making<br />

decisions.<br />

Since his appointment Dokora<br />

has introduced a cocktail of policy<br />

interventions which include,<br />

among others, the banning of extra<br />

lessons at public institutions<br />

and fund-raising initiatives by<br />

Students Development Associations,<br />

cancellation of incentives<br />

for teachers and Form One entrance<br />

tests, suspension of development<br />

projects and recently<br />

the introduction of hot sitting in<br />

schools.<br />

He is also changing the syllabus<br />

of all primary and secondary<br />

schools.While some educationists<br />

are supportive of curriculum<br />

change, they are worried by the<br />

lack of consultation.<br />

Former Education, Sport, Arts<br />

and Culture minister David Coltart<br />

said the curriculum needs<br />

to be revamped but in a proper<br />

manner.<br />

“The curriculum is in dire need<br />

of revamping as it was last done<br />

in 1986. However it needs to be<br />

done in an apolitical way by educationists<br />

not politicians,” Coltart<br />

said.<br />

“I do not know what the current<br />

government wants to introduce<br />

but under my tenure I<br />

wanted educationists to review<br />

and reform the curriculum to<br />

ensure that it was brought up to<br />

date.”<br />

However Progressive Teachers<br />

Union of <strong>Zimbabwe</strong> secretarygeneral,<br />

Raymond Majongwe,<br />

said the Education minister<br />

needs to be properly advised before<br />

the education system collapses<br />

again.<br />

“He (Dokora) needs to consult<br />

stakeholders including parents<br />

on where he wants to take<br />

our education system. He must<br />

not politicise our education system<br />

so that it serves purposes of<br />

the (economic blueprint <strong>Zimbabwe</strong><br />

Agenda for Sustainable Socio-Economic<br />

Transformation)<br />

ZimAsset.<br />

“Parents are furious over a<br />

number of interventions by<br />

Dokora with the latest being that<br />

the Cambridge examinations will<br />

be banned.”<br />

Government also banned payment<br />

of incentives to teachers by<br />

parents and guardians claiming<br />

to “restore sanity and equality in<br />

the education sector”.<br />

In an interview with this paper<br />

<strong>Zimbabwe</strong> Teachers’ Association<br />

chief executive officer Sifiso<br />

Ndlovu said his association is<br />

looking forward to the curriculum<br />

review but said the minister<br />

has to investigate what needs to<br />

be done.<br />

“Our curriculum is not aligned<br />

to the needs of the economy so<br />

as an association we are looking<br />

forward to this process,” Ndlovu<br />

said.<br />

“It must be noted that the<br />

whole process should be done<br />

properly with all stakeholders<br />

including parents and industry<br />

being involved in the consultations,”<br />

he said.<br />

INVITATION TO FORMAL TENDERS<br />

Tongaat, workers<br />

in salary wrangle<br />

Tenders must be enclosed in sealed envelopes and endorsed on the outside with the<br />

advertisement tender Number, the description and closing date. Tenders must be<br />

posted in time to be sorted into Post Office Box CY408, Causeway and received at<br />

State Procurement Board before the closing date or delivered by hand to the The<br />

th<br />

Principal Officer, State Procurement Board, 5 Floor, Old Reserve Bank Building,<br />

76 Samora Machel Avenue, Harare <strong>Zimbabwe</strong> before 1000 hours on the closing<br />

date<br />

TENDER NO. DESCRIPTION CLOSING DATE SITE VISIT<br />

DATE<br />

ZPC/HO12/<strong>2014</strong> Request For Proposal For Mutare<br />

Peaking/Emergency Power Plant Project<br />

29 July <strong>2014</strong><br />

@10:00 Hours<br />

27 <strong>June</strong> <strong>2014</strong><br />

@10:00 Hours<br />

Interested bidders are required to obtain the Tender document that consists the<br />

instructions and Scope of work from The Procurement Manager, <strong>Zimbabwe</strong> Power<br />

th<br />

Company Head Office, 11 Floor Megawatt House, 44 Samora Machel Avenue,<br />

Harare upon payment of a non-refundable fee of US$10.00 per tender.<br />

Your submission should reach The State Procurement Board not later than the<br />

closing dates as indicated.<br />

Late submissions will not be accepted.<br />

NOTE:<br />

Meeting Venue Holiday Inn Mutare Conference Room<br />

Site visit for the tender, as indicated is compulsory, failure to attend the<br />

compulsory site<br />

Visit meeting will lead to automatic disqualification.<br />

elias MaMbo/tatenda CHitagu<br />

JOHANNESBURG Stock Exchange-listed<br />

Tongaat Hulett’s<br />

<strong>Zimbabwe</strong> operation Triangle<br />

(Pvt) Ltd is embroiled in a row<br />

with its sugar cane cutters in the<br />

sugar growing Lowveld region,<br />

to whom it is allegedly offering<br />

“slave wages” at a time the<br />

company has posted profits.<br />

The sugar cane cutters earn<br />

US$6,50 a day which translates<br />

to US$160 a month. An employee<br />

who requested anonymity<br />

said the company has been<br />

exploiting employees for a long<br />

time.<br />

“We have never had a salary<br />

increase and the US$6,50 we<br />

get a day is not commensurate<br />

with the work we do for eight<br />

hours,” he said.<br />

“We are supposed to cut about<br />

two stakes of sugar cane which<br />

measure five metres by two and<br />

it is a very hard job for a day,”<br />

said the employee.<br />

“This is oppression. It is modern<br />

day slavery. Imagine this is<br />

all we get after all this hard labour.<br />

It is too little,” the worker<br />

said, wiping off sweat with the<br />

brow of his hand in the sweltering<br />

Chiredzi heat.<br />

“Our unions also deduct<br />

earnings from the little we earn<br />

but do nothing to improve our<br />

welfare,” said another worker.<br />

<strong>Zimbabwe</strong> sugar milling industry<br />

workers union secretary-general<br />

Admore Hwarare<br />

said his association has tried to<br />

represent the workers, but was<br />

meeting stiff resistance from<br />

government.<br />

“We are being hit hard by<br />

government legislation which<br />

stipulates that all those under<br />

agriculture should have a<br />

minimum wage of US$80 per<br />

month,” Hwarare said.<br />

“I have fought hard to represent<br />

all the sugar cane cutters so<br />

they can get twice the minimum<br />

wage, with free accommodation,<br />

free transport and medical<br />

cover,” he said.<br />

Repeated efforts to contact<br />

Tongaat Hulett’s public relations<br />

manager Adelaide Chikunguru<br />

failed as her cellphone<br />

kept ringing without being answered<br />

throughout the week,<br />

while an SMS message was not<br />

responded to. Chikunguru only<br />

responded to an email sent to<br />

her by acknowledging receipt of<br />

questions.<br />

“Your questions have been<br />

received, we will revert,” she<br />

wrote.<br />

Tongaat Hulett last week reported<br />

a 4% rise in earnings to<br />

R1,11 billion for its year ended<br />

March, with the company’s<br />

chief executive officer Peter<br />

Staude saying earnings were<br />

expected to increase in the full<br />

year ahead.


4<br />

<strong>Zimbabwe</strong> <strong>independent</strong> june 6 to 12, <strong>2014</strong><br />

loCal news<br />

Zanu PF readies<br />

‘Dokora must consult’<br />

for 2018 elections<br />

Herbert Moyo<br />

LESS than a year into its fiveyear<br />

mandate, the ruling Zanu<br />

PF party has already started<br />

preparations for the next polls<br />

due in 2018 by importing vehicles,<br />

clothing and other regalia<br />

to be distributed during<br />

campaigns.<br />

The development, which<br />

comes after the party controversially<br />

secured a fresh mandate<br />

to govern the country in<br />

the July 2013 elections last year<br />

was confirmed by party sources<br />

over last weekend.<br />

This comes as the party is yet<br />

to deliver on its poll promises<br />

which include creating 2,265<br />

million jobs, as the economy<br />

shows renewed signs of stress<br />

characterised by company closures<br />

and job losses.<br />

A consignment of T-shirts,<br />

head and waist gear has already<br />

been imported from China and<br />

await printing ahead of distribution<br />

to party supporters.<br />

The sources told the <strong>Zimbabwe</strong><br />

Independent Zanu PF is not resting<br />

on its laurels as it seeks to<br />

consolidate its stranglehold on<br />

power secured after an overwhelming<br />

poll triumph marred<br />

by allegations of rigging and<br />

A Zanu PF campaign vehicle. Pic: Elias Mambo<br />

systematic disenfranchisement.<br />

Party officials said the printing<br />

would be done once there is clarity<br />

over the party’s presidential<br />

candidate.<br />

Party regalia has always been<br />

emblazoned with portraits of<br />

the party president and respective<br />

candidates. Although current<br />

leader President Robert<br />

Mugabe is seeking re-election at<br />

the party’s congress scheduled<br />

for December, it remains unclear<br />

whether he will represent<br />

the party in 2018 amid concerns<br />

about his age and health. He will<br />

be 94 when the polls are due.<br />

Some of the cars are already on<br />

ABANDON THE SEARCH<br />

the roads and some were spotted<br />

over the weekend with the<br />

branding: “Team Zanu PF 2018”.<br />

“We did very well in 2013 because<br />

we started the preparations<br />

early while our MDC colleagues<br />

were enjoying the trappings of<br />

their new-found power in the<br />

inclusive government (2009-<br />

2013). We will use the same formula,”<br />

said a senior party official<br />

who spoke on condition of<br />

anonymity.<br />

“We learnt from the 2008 experience<br />

where we narrowly lost<br />

the parliamentary elections and<br />

the first round of the presidential<br />

contest to the MDC-T.”<br />

elias MaMbo<br />

PLANS by Primary and Secondary<br />

Education minister Lazarus<br />

Dokora to revamp the education<br />

curriculum have set tongues<br />

wagging as stakeholders and educationists<br />

insist there is need for<br />

serious consultations before any<br />

policy is changed.<br />

Although stakeholders agree<br />

that a review of the education<br />

system is long overdue, they insist<br />

Dokora should engage stakeholders<br />

and educationists to get<br />

advice on what direction the<br />

education system should take,<br />

instead of unilaterally making<br />

decisions.<br />

Since his appointment Dokora<br />

has introduced a cocktail of policy<br />

interventions which include,<br />

among others, the banning of extra<br />

lessons at public institutions<br />

and fund-raising initiatives by<br />

Students Development Associations,<br />

cancellation of incentives<br />

for teachers and Form One entrance<br />

tests, suspension of development<br />

projects and recently<br />

the introduction of hot sitting in<br />

schools.<br />

He is also changing the syllabus<br />

of all primary and secondary<br />

schools.While some educationists<br />

are supportive of curriculum<br />

change, they are worried by the<br />

lack of consultation.<br />

Former Education, Sport, Arts<br />

and Culture minister David Coltart<br />

said the curriculum needs<br />

to be revamped but in a proper<br />

manner.<br />

“The curriculum is in dire need<br />

of revamping as it was last done<br />

in 1986. However it needs to be<br />

done in an apolitical way by educationists<br />

not politicians,” Coltart<br />

said.<br />

“I do not know what the current<br />

government wants to introduce<br />

but under my tenure I<br />

wanted educationists to review<br />

and reform the curriculum to<br />

ensure that it was brought up to<br />

date.”<br />

However Progressive Teachers<br />

Union of <strong>Zimbabwe</strong> secretarygeneral,<br />

Raymond Majongwe,<br />

said the Education minister<br />

needs to be properly advised before<br />

the education system collapses<br />

again.<br />

“He (Dokora) needs to consult<br />

stakeholders including parents<br />

on where he wants to take<br />

our education system. He must<br />

not politicise our education system<br />

so that it serves purposes of<br />

the (economic blueprint <strong>Zimbabwe</strong><br />

Agenda for Sustainable Socio-Economic<br />

Transformation)<br />

ZimAsset.<br />

“Parents are furious over a<br />

number of interventions by<br />

Dokora with the latest being that<br />

the Cambridge examinations will<br />

be banned.”<br />

Government also banned payment<br />

of incentives to teachers by<br />

parents and guardians claiming<br />

to “restore sanity and equality in<br />

the education sector”.<br />

In an interview with this paper<br />

<strong>Zimbabwe</strong> Teachers’ Association<br />

chief executive officer Sifiso<br />

Ndlovu said his association is<br />

looking forward to the curriculum<br />

review but said the minister<br />

has to investigate what needs to<br />

be done.<br />

“Our curriculum is not aligned<br />

to the needs of the economy so<br />

as an association we are looking<br />

forward to this process,” Ndlovu<br />

said.<br />

“It must be noted that the<br />

whole process should be done<br />

properly with all stakeholders<br />

including parents and industry<br />

being involved in the consultations,”<br />

he said.<br />

Tongaat, workers<br />

in salary wrangle<br />

797963; 708566;<br />

708564/7; 795132<br />

E-mail: gabriel@mweb.co.zw<br />

GLEN LORNE - $210,000.00<br />

(Olde Worlde – renovator’s Dream)<br />

Sole Selling Agents<br />

3 bed (mes) + guest bath large lounge,<br />

dining room, big kitchen, laundry/scullery<br />

room. 5000ltr tank, has great potential via<br />

renovation, walled and gated, needs TLC<br />

Viewing strictly by appointment<br />

Contact<br />

LASTRON BAUDI 0772 285 020<br />

elias MaMbo/tatenda CHitagu<br />

JOHANNESBURG Stock Exchange-listed<br />

Tongaat Hulett’s<br />

<strong>Zimbabwe</strong> operation Triangle<br />

(Pvt) Ltd is embroiled in a row<br />

with its sugar cane cutters in the<br />

sugar growing Lowveld region,<br />

to whom it is allegedly offering<br />

“slave wages” at a time the<br />

company has posted profits.<br />

The sugar cane cutters earn<br />

US$6,50 a day which translates<br />

to US$160 a month. An employee<br />

who requested anonymity<br />

said the company has been<br />

exploiting employees for a long<br />

time.<br />

“We have never had a salary<br />

increase and the US$6,50 we<br />

get a day is not commensurate<br />

with the work we do for eight<br />

hours,” he said.<br />

“We are supposed to cut about<br />

two stakes of sugar cane which<br />

measure five metres by two and<br />

it is a very hard job for a day,”<br />

said the employee.<br />

“This is oppression. It is modern<br />

day slavery. Imagine this is<br />

all we get after all this hard labour.<br />

It is too little,” the worker<br />

said, wiping off sweat with the<br />

brow of his hand in the sweltering<br />

Chiredzi heat.<br />

“Our unions also deduct<br />

earnings from the little we earn<br />

but do nothing to improve our<br />

welfare,” said another worker.<br />

<strong>Zimbabwe</strong> sugar milling industry<br />

workers union secretary-general<br />

Admore Hwarare<br />

said his association has tried to<br />

represent the workers, but was<br />

meeting stiff resistance from<br />

government.<br />

“We are being hit hard by<br />

government legislation which<br />

stipulates that all those under<br />

agriculture should have a<br />

minimum wage of US$80 per<br />

month,” Hwarare said.<br />

“I have fought hard to represent<br />

all the sugar cane cutters so<br />

they can get twice the minimum<br />

wage, with free accommodation,<br />

free transport and medical<br />

cover,” he said.<br />

Repeated efforts to contact<br />

Tongaat Hulett’s public relations<br />

manager Adelaide Chikunguru<br />

failed as her cellphone<br />

kept ringing without being answered<br />

throughout the week,<br />

while an SMS message was not<br />

responded to. Chikunguru only<br />

responded to an email sent to<br />

her by acknowledging receipt of<br />

questions.<br />

“Your questions have been<br />

received, we will revert,” she<br />

wrote.<br />

Tongaat Hulett last week reported<br />

a 4% rise in earnings to<br />

R1,11 billion for its year ended<br />

March, with the company’s<br />

chief executive officer Peter<br />

Staude saying earnings were<br />

expected to increase in the full<br />

year ahead.


ZIMBABWE INDEPENDENT JUNE 6 TO 12, <strong>2014</strong> 5<br />

LOCAL NEWS<br />

Youth league new Zanu PF battleground<br />

FAITH ZABA/CLAYTON MASEKESA<br />

THE new battleground for Zanu PF factions<br />

tussling for control of strategic party<br />

structures is now being fought at the youth<br />

league level, as party heavyweights use a<br />

variety of tactics including intimidation<br />

and threats to influence its selection.<br />

Factions and individuals within the party<br />

have started positioning themselves for the<br />

December party congress amid indications<br />

the battle for central committee positions,<br />

youth and women’s leagues will be dirty<br />

and acrimonious.<br />

Youth league inter-district conferences<br />

have been lined up under the guise of discussing<br />

ZimAsset by senior party officials<br />

aligned to Vice-President Joice Mujuru’s<br />

faction. The meetings held in Mashonaland<br />

East and Manicaland provinces at the<br />

weekend were used as platforms to attack<br />

the faction led by Justice minister Emmerson<br />

Mnangagwa and also to threaten youths<br />

aligned to it with disciplinary action.<br />

The national youth league congress is<br />

scheduled for August.<br />

According to party insiders in the youth<br />

league who attended a meeting in Marondera,<br />

addressed by secretary for administration<br />

Didymus Mutasa and Mashonaland<br />

East chairperson Ray Kaukonde, threats<br />

were made against youths not backing<br />

Mujuru.<br />

“The secretary for administration Didymus<br />

Mutasa, who was the guest of honour<br />

at youth provincial inter-district conference<br />

in Marondera, lambasted Mnangagwa<br />

as head of the only faction in Zanu PF,<br />

while he blatantly denied Mai Mujuru leads<br />

the other major faction arguing that she is<br />

a national leader and vice president of the<br />

country,” said a Zanu PF youth executive<br />

member.<br />

“But what surprised us was why Mutasa,<br />

using a meeting with youths meant<br />

to discuss ZimAsset (the country’s latest<br />

economic blueprint), would want to blast a<br />

colleague in the politburo. To the surprise<br />

of many he did not speak much on the conference<br />

theme which was ‘ZimAsset Growing<br />

the Economy for Youth Empowerment<br />

MDC-T team<br />

sets up structures<br />

and Employment Creation’.”<br />

Another youth league member said:<br />

“He chose to speak about factionalism and<br />

corruption.”<br />

While Mutasa’s threats were thinly<br />

veiled, Kaukonde warned that youths dabbling<br />

in factionalism would soon suffer<br />

the consequences as their lives would be<br />

plunged into poverty.<br />

“Cde Kaukonde attacked youth leaders<br />

saying vari kushandiswa, uye vari kumhanya<br />

(they are being used and they are rash),”<br />

said the youth.<br />

“He went on to say vanoparara kusara<br />

vasina chinhu chekufambisa, vasina kana mapata<br />

pata (They will be impoverished to the extent<br />

that they will not even have slippers to<br />

wear. He added that rwendo rwepolitics runoda<br />

kufamba pamwechete (in politics, we need<br />

to work together).”<br />

Meanwhile addressing a provincial youth<br />

inter-district conference at Biriri business<br />

centre in Chimanimani, politburo member<br />

and Chimanimani MP Munacho Mutezo<br />

threatened those backing Mnangagwa with<br />

suspension. Mutezo is Energy and Power<br />

Development deputy minister and a close<br />

Mujuru ally.<br />

“I do not know why people are talking<br />

about factions. There are no factions at all<br />

in Zanu PF. It is very clear that the leader<br />

of the party is President Mugabe followed<br />

by Mai Mujuru. After that we have the party<br />

chairman Cde (Simon Khaya) Moyo and<br />

Cde (Didymus) Mutasa then follows,” he<br />

said.<br />

“These are the people leading Zanu PF.<br />

We do not want to hear other names besides<br />

the ones that I have mentioned. Those<br />

aligned to other names will be suspended<br />

because they would be against the party<br />

constitution.”<br />

He added: “The (Zanu PF) constitution is<br />

very clear on succession. If there are to be<br />

any changes (in leadership) they should be<br />

done at our forthcoming congress.”<br />

GETTING INTERNATIONAL RECOGNITION<br />

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THE MDC-T renewal team is now setting<br />

up structures countrywide as it continues<br />

to push for a grand coalition with other<br />

parties.<br />

Th e <strong>Zimbabwe</strong> Independent witnessed<br />

MDC-T renewal team activists engaging<br />

youths in Warren Park as it prepares to set<br />

up structures.<br />

Despite the move, spokesperson for the<br />

team Joseph Mafume maintained they<br />

were still part of the MDC-T.<br />

“We have been moving from district to<br />

district auditing the structures so that we<br />

know who is moving with us and who is<br />

not with us,” he said.<br />

“We want to be clear as we prepare for an<br />

all-structures meeting in about two weeks.<br />

The all-structures meeting will be held before<br />

the convention with other parties.”<br />

Mafume said similar meetings had been<br />

held in all provinces other than Mashonaland<br />

Central, where MDC-T has been traditionally<br />

weak.<br />

Asked if the renewal team’s move was<br />

not akin to coming up with parallel structures,<br />

Mafume said they were merely ensuring<br />

there was renewal while also consolidating<br />

their position.<br />

“We are rebranding and renewing the<br />

party. The party is an organic organisation.<br />

It’s just like in the animal kingdom; if<br />

a snake sheds its skin and gets a new one<br />

it doesn’t mean it’s a new snake,” he said.<br />

Mafume said talks on the formation of a<br />

grand coalition had reached a formal stage<br />

as the parties involved were now discussing<br />

at a technical level how the coalition<br />

would work.<br />

He said a coalition, and not individualism,<br />

was important in defeating Zanu PF<br />

“which itself is also a coalition of Zanu<br />

PF, Zapu, Zipra and Zanla forces”. — Staff<br />

Writer.<br />

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6<br />

<strong>Zimbabwe</strong> <strong>independent</strong> june 6 to 12, <strong>2014</strong>


ZiMbabwe inDepenDenT june 6 To 12, <strong>2014</strong> 7<br />

obituary<br />

Dzinashe Machingura deserved better<br />

Chrispen T<br />

Mataire<br />

Senior war veteran<br />

MORE than a week has passed since the<br />

burial at Glen Forest Cemetery in Harare of<br />

Wilfred Mhanda, better known as Dzinashe<br />

Machingura or Dzino. A morsel hotchpotch<br />

of attendees contrasted sharply with the<br />

multitudes of cadres that fell under his command<br />

during the liberation struggle. It was<br />

indeed a sad moment, seeing my fellow<br />

comrade lying lifeless in typical resignation<br />

to the cruel fate that characterised the larger<br />

part of his life.<br />

As someone who knew Dzino and witnessed<br />

his transformation during and after<br />

the liberation struggle, I felt duty-bound to<br />

add my voice to his tributes. It is extremely<br />

hard for me to compartmentalise Dzino’s<br />

life without also retracing my own footprints<br />

during the war as our lives became intertwined<br />

mainly because of our obstinate beliefs<br />

and philosophy of how the war should<br />

be prosecuted.<br />

In <strong>June</strong> 1970, I crossed the floor from the<br />

<strong>Zimbabwe</strong> People’s Revolutionary Army<br />

(Zipra, military wing of PF Zapu) to the <strong>Zimbabwe</strong><br />

National Liberation Army (Zanla,<br />

military wing of Zanu PF) and as a rule I was<br />

retrained at Itumbi Camp under Zanla in the<br />

same year. Upon completion of my training,<br />

I was sent with others to Kongwa Holding<br />

camp in Tanzania.<br />

In December 1972, I was deployed to the<br />

front in Mozambique and fought against the<br />

Portuguese with Frelimo fighters in what<br />

they called a “baptism of fire” before being<br />

sent to fight on the front of the then Rhodesia<br />

(now <strong>Zimbabwe</strong>).<br />

I carried war materials across the crocodile-infested<br />

Zambezi River. I was part of the<br />

famous group of 45 combatants who crossed<br />

into <strong>Zimbabwe</strong> and tentatively started operating<br />

in 1972. I got wounded from enemy fire<br />

on February 5 1972 in the Mt Darwin area.<br />

Commander Josiah Tongogara requested<br />

that I return to Lusaka to recuperate, a request<br />

I flatly refused as I felt I was getting<br />

better and itching to go back to the front because<br />

my injury did not involve bone structure.<br />

My request to return to the front was<br />

granted.<br />

In December 1973 I was recalled again<br />

by Tongogara to Mgagao to join the training<br />

team and share my experiences with instructors<br />

and trainers.<br />

It was during my stint at Mgagao that l<br />

first met Dzino. He was at the time political<br />

commissar at the camp, second in charge to<br />

camp commander John Gwitira.<br />

Unfortunately, Dzino and Gwitira felt I<br />

was best suited to be in charge of the camp<br />

clinic given my earlier training as a medic<br />

while in Zipra. My interaction with the instructors<br />

and trainers was thus casual and<br />

informal.<br />

It was not long before Dzino and I realised<br />

we shared similar philosophies and ideologies.<br />

We were both well read in Marxism-<br />

Leninism. Dzino had joined several teams<br />

that made visits to China and was well<br />

acquainted with the Chinese liberation<br />

against Japanese imperialism. I could also<br />

tell that Dzino had read widely on various<br />

revolutions.<br />

Like Dzino, I naturally sided with the Soviets<br />

because of my training in political science<br />

in the then Soviet Union in 1967. Very<br />

few cadres understood the socialist ideology<br />

or any ideology for that matter.<br />

The political discussions drew us closer,<br />

creating a better appreciation of our standpoints<br />

with regards to the essence of our<br />

fight against colonialism. By default or design,<br />

Dzino and I were selected to represent<br />

the Mgagao Camp at the funeral of Herbert<br />

Chitepo who died on March 18 1975. Both of<br />

us were subsequently arrested by the Zambian<br />

police and only released on <strong>June</strong> 6 1975.<br />

After our release we were sent to Mboroma<br />

Camp where all forces were gathered<br />

after being rounded up from all the camps in<br />

Zambia. I was immediately appointed commander<br />

of the camp and at the end of July<br />

of the same year, the commanders at Mgagao<br />

pleaded with the Organisation of African<br />

Unity Liberation Committee to allow<br />

Wilfred Mhanda whose Chimurenga name was Dzinashe Machingura aka Cde Dzino<br />

Zanla to rekindle the armed struggle on the<br />

grounds that détente had failed.<br />

Peaceful negotiations with Rhodesia’s Ian<br />

Smith regime were simply a decoy by the<br />

regime to gain time and restrategise.<br />

The OAU conceded on condition that the<br />

political leadership should step aside and<br />

let the fighters lead the resumption of the<br />

armed struggle and that Zanla and Zipra<br />

forces should unite to form one army, the<br />

<strong>Zimbabwe</strong> People’s Army (Zipa).<br />

In my view, the decision by the OAU to<br />

exclude the political leadership from the<br />

war sowed seeds of discord and internal<br />

contradictions that led to our incarceration<br />

in Mozambique.<br />

A request was made to release Dzino from<br />

Mboroma as junior commanders could not<br />

conclude such an arrangement without the<br />

involvement of their superiors. Thus the<br />

Joint Military Command was comprised<br />

of nine commanders from both Zanla and<br />

Zipra.<br />

The late army commander General Solomon<br />

Mujuru (Rex Nhongo) was appointed<br />

the commander of Zipa and was deputised<br />

by someone from Zipra. Nikita Mangena<br />

from Zipra was appointed political commissar,<br />

deputised by Dzino. These were the four<br />

critical positions in Zipa.<br />

In September 1975, Zanla fighters from<br />

Mboroma were released and taken by air<br />

to Mozambique and I was appointed commander<br />

of the Chibavava-Toronga Camp.<br />

My deputy was the late former Governor for<br />

Matabeleland South Mark Dube and third in<br />

command was) Joice Mujuru.<br />

The other members of Zipa from Zanla<br />

included Saw Sadza (logistics and supplies)<br />

and Tendai Pfepferere (medical assistant). I<br />

don’t know how I was left out when almost<br />

all the members were my juniors.<br />

I, however, knew Dzino had something to<br />

do with this exclusion and he probably had<br />

good reasons.<br />

When Dzino visited Chibavava Camp<br />

where I was commander, I took the opportunity<br />

to brief him on the need to set up<br />

an ideological college in the same mould as<br />

the one that had been established in China<br />

where political instructors founded the<br />

Wampoa College in 1922.<br />

Dzino readily accepted my idea and in<br />

March 1975 I founded the Wampoa Ideological<br />

College at Chimoio Camp.<br />

Meanwhile, President Samora Machel had<br />

relocated Robert Mugabe and Edgar Tekere<br />

to Quelimane Island in Mozambique after<br />

their arrival at Zhuuta Camp. The two senior<br />

Zanu leaders were virtually unknown<br />

to fighters and recruits when they arrived.<br />

Due to the laxity of security at Quelimane,<br />

Mugabe and Tekere occasionally sneaked<br />

out of seclusion to visit some camps.<br />

Dzino, who seemed to be more familiar<br />

with Zanu’s organogram initiated these unsanctioned<br />

visits, introducing the two leaders<br />

to both fighters and recruits.<br />

It was Dzino who regularly told cadres<br />

that in accordance with the Zanu structure,<br />

It was very ironic and one of the tragic contradictions of the struggle<br />

that Mugabe was widely viewed as having aligned or influenced<br />

Machel to get rid of Dzino and anyone of the same ilk from the command<br />

of the Zanu military structure when the same Zipa was the one<br />

which had pressured Machel not to quarantine him in Quelimane.<br />

Mugabe was automatically the new leader<br />

following the death of Leopold Takawira in<br />

prison in 1970.<br />

Contrary to distorted public perception,<br />

the endorsement of Mugabe as the new<br />

leader of Zanu was reflected in the Mgagao<br />

document. It was very ironic and one<br />

of the tragic contradictions of the struggle<br />

that Mugabe was widely viewed as having<br />

aligned or influenced Machel to get rid of<br />

Dzino and anyone of the same ilk from the<br />

command of the Zanu military structure<br />

when the same Zipa was the one which had<br />

pressured Machel not to quarantine him in<br />

Quelimane.<br />

I was appointed into the Zipa High Command<br />

responsible for logistics and supplies<br />

in 1976 following the death of Saw Sadza<br />

after a Rhodesian raid that left more than<br />

2 000 refugees dead.<br />

It was after my appointment to the High<br />

Command that I formed a formidable team<br />

with Dzino who always consulted me before<br />

making any decisions.<br />

One other point that needs historical correction<br />

is the fallacy that it was the Zanu<br />

leadership and its central committee that<br />

instigated the arrest of Zipa commanders.<br />

Far from it; the real instigator and initiator<br />

was Machel.<br />

However, due to the material and human<br />

losses that the new Mozambican government<br />

incurred due to the constant raids by<br />

Rhodesian forces, Machel could not continue<br />

placating Zipa, obstinate in continuing<br />

the war and dismissing the Geneva Conference<br />

as a façade. He accepted without<br />

critical analysis Henry Kissinger’s strategy<br />

code-named “Tar Baby”, meant to bring an<br />

immediate peaceful settlement of the Rhodesian<br />

problem.<br />

The whole of the Zipa leadership were<br />

united in their rejection of the Geneva conference<br />

as a waste of time. However, after<br />

about two weeks upon the resumption of<br />

the Geneva conference, Zanu sent the late<br />

Kumbirai Kangai to plead with Zipa commanders<br />

to be part of the conference, but<br />

they would not budge.<br />

The Zipa commanders advised Tongogara<br />

to return and try their best to negotiate with<br />

the Americans, while they intensified the<br />

war.<br />

Hardly three days after Tongogara’s departure,<br />

Machel summoned the Zipa leadership<br />

for a meeting where he impressed upon<br />

it to appreciate the need for negotiations in<br />

the war situation.<br />

He strongly expressed his disdain for our<br />

refusal to attend the Geneva conference and<br />

in turn accused me personally of being a<br />

KGB agent and used some of the most unsavoury<br />

words to describe our group. It was<br />

clear that we were no longer his “darlings”.<br />

He ordered us to send a delegation to Geneva<br />

and we had no option, but to give in<br />

to his demands in return for his country’s<br />

hospitality.<br />

True to our prediction, the Geneva conference<br />

failed to yield anything, but when<br />

the Zanu delegation returned, Machel subsequently<br />

accused the Zipa commanders of<br />

serious insubordination and then hatched a<br />

plan to rid them from the front.<br />

A meeting was then called in Beira which<br />

had Mugabe and Machel in attendance. We<br />

were given our chance to express our views<br />

and why we had misgivings about the whole<br />

negotiation process. At the end of the meeting,<br />

some were told to exit through different<br />

points and we found ourselves under military<br />

captivity. Surprisingly, Mujuru was not<br />

part of those arrested even though he was<br />

part of Zipa and had also inputted his views<br />

on the Mgagao document.<br />

After our arrest, Dzino was immediately<br />

released and it was out of the benevolence<br />

of the leadership that he was spared jail and<br />

to the surprise of his captors, he opted to go<br />

and join his colleagues in captivity unless<br />

the same benevolence was extended to his<br />

colleagues. Dzino thus re-joined us out of<br />

his own volition at Cabo Delgado, the typical<br />

Robben Island of Mozambique where we<br />

were to spend three years before being released<br />

after <strong>Zimbabwe</strong>’s Independence.<br />

A question can be asked: Who arrested<br />

the Zipa commanders? Was it Mugabe or<br />

Machel? Since we were in Mozambique, we<br />

can safely conclude that it was the host who<br />

arrested us, but we cannot absolve our leader’s<br />

involvement.<br />

If Mugabe was able to reconcile with white<br />

Rhodesians at Independence, why is it so<br />

difficult for our leader and some of our colleagues<br />

to reconcile with Zipa commanders,<br />

even assuming that they erred. Contradictions<br />

were apparent in the struggle and it<br />

would not be good for a person to be permanently<br />

maligned because of those contradictions.<br />

There must be a realisation that no one<br />

should be condemned as a perpetual sinner.<br />

In summary, Dzino’s selfless dedication<br />

to the liberation of our country can never be<br />

doubted. He had the tenacity and vision of a<br />

true revolutionary.<br />

While it is highly regrettable that out of<br />

frustration Dzino turned his back on the<br />

revolution and aligned or sympathised with<br />

reactionary forces in the mould of the MDC<br />

and George Soros, I still feel that he deserved<br />

a dignified send-off that typified the role he<br />

played in the birth of <strong>independent</strong> <strong>Zimbabwe</strong>.<br />

I pray that his soul finds eternal peace.<br />

Mataire is a senior veteran of the struggle whose<br />

Chimurenga name was David Todhlana. He was<br />

arrested at the height of internal contradictions<br />

within Zanu together with Dzino and later Rugare<br />

Gumbo, and others.


8<br />

ZIMBABWE INDEPENDENT JUNE 6 TO 12, <strong>2014</strong><br />

EDITORIAL & OPINION<br />

ZIMBABWE<br />

INDEPENDENT<br />

HARARE, JUNE 6 TO 12, <strong>2014</strong><br />

Govt its own<br />

worst enemy<br />

THE past few months have seen a strident debate over<br />

how best to attract foreign direct investment (FDI) to the<br />

country so the people as a whole can benefit. As it stands,<br />

<strong>Zimbabwe</strong> is suffering an investment drought that is not<br />

shared by its neighbours.<br />

That would indicate we are doing something wrong and they are<br />

getting it right.<br />

Part of the debate is taking place within Zanu PF where there is<br />

a growing difference of opinion over qualifications for investors and<br />

percentages of businesses to be held. Another dimension to this debate<br />

was manifest in recent weeks where Zanu PF has been inviting<br />

its followers to grab land in the Save Conservancy, one of the most<br />

precious resources in the country. The land-grabs have affected operations<br />

of huge companies such as Hulett Tongaat cultivating vast<br />

sugarcane estates in the Lowveld. Other land invaders have engaged<br />

in systematic poaching that will not only damage foreign investment<br />

in <strong>Zimbabwe</strong>, but also our reputation for professional wildlife<br />

management.<br />

Rhinos, for instance, were relocated to the Lowveld to protect them<br />

from poaching by Zambia-based poachers in the Zambezi Valley. The<br />

exercise worked until Zanu PF needed an election victory last year.<br />

Other victims have been foreigners investing in the country under<br />

Bilateral Investment Promotion and Protection Agreements (Bippas).<br />

Since the chaotic land reform programme, which has severely<br />

dented the country’s image, there has been no new investment in the<br />

Lowveld or indeed the country as a whole, save for the troubled Essar<br />

deal.<br />

Foreigners feel they have been a victim of theft and quickly learn<br />

that what they put in gets taken out by partisan predators. Investors<br />

from Europe, like Germans, have been dispossessed of their property<br />

by a regime that doesn’t care about the consequences. They are then<br />

surprised when the EU or US find better places to put their money.<br />

Mauritius, whose nationals have been victims of seizure on the sugarcane<br />

estates in the Lowveld, has laid down a red carpet for those<br />

who wish to transfer their assets back home.<br />

Here is a good example of why <strong>Zimbabwe</strong> is shunned. Patrick Chinamasa’s<br />

recent statement in parliament that Bippas will not get in<br />

the way of Zanu PF’s land seizures is the last thing well-wishers want<br />

to hear. Much of the ruling party’s injuries are self-inflicted. Ostrich<br />

breeding is one example of where ambitious plans have been<br />

hijacked — in that case by Indonesians. Some years ago, Malaysian<br />

investors also saw their plans go up in smoke.<br />

All in all, there does not seem to be the sea change the government<br />

needs to distance it from the ancien regime. Instead there has been an<br />

intensification of the bad behaviour that led to <strong>Zimbabwe</strong>’s isolation<br />

— it is amazing, isn’t it? All around us are successful economies<br />

attracting investment. In <strong>Zimbabwe</strong> we are heading in the opposite<br />

direction.<br />

THE Warriors’ extremely disappointing<br />

2-all home draw and<br />

subsequent exit from the Afcon<br />

competition came as a shock to<br />

many, but if the truth be told, it<br />

really shouldn’t have.<br />

Almost 60 000 ardent fans packed the<br />

National Sports Stadium hoping to witness<br />

the most loved sports team in the land dispatch<br />

Tanzania and book what should have<br />

been a routine place in the next round.<br />

Yet the Warriors, even by their poor<br />

standards in recent years, contrived to<br />

disappoint the multitudes by falling before<br />

the proper qualification stages had<br />

commenced.<br />

An inquest has since been launched with<br />

fingers pointing at the usual suspects in<br />

coaches led by Ian Gorowa, the administrators<br />

and players.<br />

Yet the problems afflicting the “beautiful<br />

game” in <strong>Zimbabwe</strong> are also evident in<br />

rugby, cricket and, in fact, just about every<br />

other sport.<br />

The major obstacle to our progress in<br />

sport is the abject lack of seriousness and<br />

preparation. While everyone else was busy<br />

preparing for the second legs by engaging<br />

top opposition in friendly matches, <strong>Zimbabwe</strong><br />

opted to continue with the domestic<br />

league programme.<br />

And last Sunday, Tanzania, who did not<br />

break camp after the first leg which they<br />

won 1-0, played Malawi in a friendly and<br />

reaped the rewards of hard work, focus and<br />

seriousness.<br />

<strong>Zimbabwe</strong> must shape up<br />

LAST week at a crucial<br />

meeting in Maputo, Mozambique,<br />

the International<br />

Monetary Fund<br />

(IMF), finance ministers<br />

and central bank governors<br />

from around the world said Africa<br />

has turned a new leaf and<br />

is getting it together although a<br />

deeper “structural transformation”<br />

is needed so that ordinary<br />

citizens can benefit from the current<br />

boom.<br />

Many African countries, excluding<br />

<strong>Zimbabwe</strong> of course except<br />

during the rebound phase<br />

after 2009, have been experiencing<br />

phenomenal growth trends<br />

despite that the benefits are not<br />

properly cascading down to the<br />

people.<br />

African governments and the<br />

IMF agreed on the urgent need<br />

to harness the continent’s rapid<br />

economic growth to improve<br />

the people’s standards of living<br />

as conflicts and other problems<br />

continue to sweep across some<br />

parts of the continent.<br />

A number of conflicts have<br />

flared on the African continent<br />

in recent decades. While peace<br />

now prevails across swathes of<br />

the continent, instability, caused<br />

by political and religious conflicts<br />

fuelled by poverty, still persists,<br />

for instance, in trouble spots like<br />

Nigeria, Central African Republic,<br />

Somalia, South Sudan and the<br />

Sahel region, among others.<br />

This has had a devastating<br />

impact on affected economies.<br />

While the destabilisng impact of<br />

conflicts has been shattering, it<br />

has not halted Africa’s upward<br />

trajectory.<br />

According to various reports,<br />

including the latest edition of Th e<br />

Economist, sub-Saharan Africa has<br />

made huge leaps in the last decade.<br />

Malaria deaths in some of the<br />

worst-affected countries have<br />

declined by 30% and HIV infections<br />

by up to 74%. Life expectancy<br />

across Africa has increased<br />

by about 10% and child mortality<br />

rates in most African countries<br />

have been falling steeply.<br />

A booming economy has made<br />

a big difference. Real income per<br />

person has increased by more<br />

than 30%, whereas in the previous<br />

20 years, it shrank by nearly<br />

10%.<br />

Africa, which has vast natural<br />

resources, is the world’s fastestgrowing<br />

continent at the moment.<br />

Over the next decade, its<br />

GDP is expected to rise by an<br />

average of 6% a year, not least<br />

thanks to foreign direct investment.<br />

FDI has gone from US$15<br />

billion in 2002 to US$37 billion in<br />

2006 and US$46 billion in 2012.<br />

In the midst of the booms some<br />

countries are crash-landing<br />

largely to due to bad leadership,<br />

poor governance and corruption.<br />

In Southern Africa, upswings<br />

are also evident. <strong>Zimbabwe</strong>’s<br />

immediate neighbours, South<br />

Africa, Zambia, Botswana and<br />

Mozambique are doing relatively<br />

well economically despite domestic<br />

social challenges.<br />

<strong>Zimbabwe</strong>ans are of the mistaken belief<br />

that the country is a football giant and<br />

the Warriors simply need to turn up for a<br />

preliminary round match and march on to<br />

the next stage. Yet the painful reality is that<br />

<strong>Zimbabwe</strong> have only qualified twice for Afcon<br />

finals, and there will be no meaningful<br />

international football for the Warriors until<br />

2016.<br />

What performances or results can be expected<br />

from a nation that appoints a parttime<br />

coach who resides in South Africa<br />

and only comes in as and when a match is<br />

imminent?<br />

Is that not the reason Gorowa invested<br />

faith in a mostly locally-based squad that<br />

did duty at Chan, yet most of the players<br />

have struggled for form since the start of the<br />

new season?<br />

<strong>Zimbabwe</strong> suspiciously chooses to ignore<br />

its European-based players in favour<br />

of locally-based ones in a order to sell them<br />

Mozambique, one of the poorest<br />

countries in the world, is actually<br />

now on a phenomenal recovery<br />

path due to massive coal<br />

and gas discoveries. The jackpot<br />

has turned the country into an<br />

energy hotspot while bringing<br />

an investment bonanza. A construction<br />

boom is thus under<br />

way, concrete proof of the economic<br />

renewal. Growth averages<br />

7%, ensuring sustained recovery<br />

from the ravages of a 15-year civil<br />

war.<br />

Compare this with what is<br />

currently happening in <strong>Zimbabwe</strong><br />

which has an unfriendly<br />

investment climate, courtesy of<br />

the ill-conceived indigenisation<br />

policy and retrogressive politics.<br />

Companies are closing down<br />

and workers losing jobs en masse,<br />

worsening the already high unemployment<br />

and poverty.<br />

Investors are either sitting on<br />

the fence or taking flight due to<br />

the persistent problems of bad<br />

and inconsistent policies, hostile<br />

populist rhetoric and uncertainty.<br />

When President Robert<br />

Mugabe left Maputo for Harare at<br />

the dawn of Independence, the<br />

late Mozambican leader Samora<br />

Machel reportedly told him not<br />

to emulate his failed command<br />

economic policies which had<br />

ruined the country, but it seems<br />

that advice, including from Julius<br />

Nyerere, was ignored. One wonders<br />

what Machel and Nyerere<br />

would be thinking of Mugabe if<br />

they were still alive.<br />

All the same, it’s time <strong>Zimbabwe</strong><br />

shapes up or else it will<br />

remain an island of entrenched<br />

economic regression ruled by<br />

kleptocrats and architects of<br />

poverty at the heart of Sadc.<br />

Lackadaisical approach to tourneys costly<br />

Candid<br />

Comment<br />

KEVIN MAPASURE<br />

Editor’s<br />

Memo<br />

DUMISANI<br />

MULEYA<br />

dmuleya@zimind.co.zw<br />

to the poor quality, but cash-rich South African<br />

league where their talents, unfortunately,<br />

waste away.<br />

If the <strong>Zimbabwe</strong> Rugby Union does not<br />

draw lessons from the Warriors’ failures,<br />

the Sables World Cup dream could go up in<br />

smoke after their first game of the qualifiers<br />

against Madagascar next month.<br />

Rivals Kenya have been thorough in their<br />

preparations, investing close to US$1 million<br />

playing in the Vodacom Cup.<br />

But for the Sables, only a handful of players<br />

have showed up for training so far.<br />

There is a golden chance for the Sables to<br />

qualify for the World Cup in England next<br />

year, yet government has had no role in<br />

such an important undertaking.<br />

As long as government continues to take<br />

sport as a pastime, <strong>Zimbabwe</strong>’s sports fans<br />

will continue to sing the blues. Appointing<br />

a sports minister alone is not enough; there<br />

must also be adequate funding.


ZIMbabwe IndePendent june 6 to 12, <strong>2014</strong> 9<br />

readers’ forum<br />

Heroes Acre now a<br />

symbol of shame<br />

• The heroes Acre in was established<br />

primarily to honour<br />

liberation war heroes who persevered<br />

to see the birth of a new<br />

<strong>Zimbabwe</strong>.<br />

Besides the known ones who<br />

are physically buried at the<br />

acre, there is the tomb of the<br />

unknown soldier to signify the<br />

unsung heroes who again perished<br />

during war.<br />

The criteria is fair in my own<br />

opinion. What hasn’t been fair<br />

is the exclusion of deserving<br />

heroes like James Chikerema,<br />

Welshman Mabhena, Ndabaniningi<br />

Sithole, John Mutasa<br />

and recently Wilfred Mhanda,<br />

whose war name was Dzinashe<br />

Machingura, among others,<br />

while including undeserving<br />

people such as Border Gezi.<br />

equally disturbing is the inclusion<br />

of some whose contribution<br />

to the liberation struggle<br />

was not too significant compared<br />

to everyone else and<br />

therefore not deserving any<br />

special status. All this is usually<br />

done for political expediency.<br />

After this generation of liberation<br />

war heroes is gone,<br />

the future must honour national<br />

heroes through naming<br />

of schools, roads etc and move<br />

away from burying people at<br />

one shrine.<br />

even physically burying people<br />

at the heroes Acre is no<br />

longer a great idea after all. A<br />

liberation war museum should<br />

have been established and<br />

make it easily accessible to the<br />

public, detailing the lives of the<br />

liberation war heroes and a funeral<br />

pass out parade and a state<br />

funeral.<br />

Our problem is that the heroes<br />

Acre is being used to scare<br />

away Zanu PF’s political competitors<br />

and whip them into its<br />

political doctrines.<br />

how else can one justify the<br />

fact that Jairos Jiri was not made<br />

a national hero, yet Chenjerai<br />

hunzvi was declared one?<br />

Jiri was a selfless person who<br />

gave all he had to make the lives<br />

of the disabled people better.<br />

he changed our attitudes towards<br />

the disabled, made us see<br />

the light. hunzvi on the other<br />

hand was a completely selfish<br />

person who facilitated the<br />

looting of state funds by lying<br />

about the extent of disabilities<br />

suffered during the war, in exchange<br />

for bribes. Between the<br />

two of them, who would you<br />

call a hero?<br />

The idea of conferring hero<br />

status is supposed to be a great<br />

recognition of men and women<br />

who undertook to liberate<br />

this country from the yoke of<br />

colonialism.<br />

The principle has however<br />

being grossly abused by a cabal<br />

of self-opinionated Zanu PF<br />

politicians who believe in honouring<br />

party loyalists, personal<br />

friends and relatives of the ruling<br />

party’s top officials at the<br />

expense of true national heroes.<br />

Zanu PF must realise that the<br />

national shrine has simply become<br />

a symbol of shame. Decisions<br />

made by the party are<br />

only serving to discredit its importance<br />

and it is shocking that<br />

President Robert Mugabe finds<br />

it wise to sideline his fellow<br />

comrades.<br />

every political movement<br />

experiences differences and<br />

the likes of Mhanda were not<br />

wrong in expressing dissent.<br />

Zanu PF must learn to accept<br />

that it is not Mugabe alone who<br />

fought the liberation struggle<br />

and thus he must cease to treat<br />

Independence as his individual<br />

achievement. With this mindset,<br />

surely we are doomed!<br />

ConCerned, Harare.<br />

Transitional govt necessary<br />

• I believe a transitional or coalition<br />

government that includes all<br />

political parties may save us from<br />

suffering.<br />

The current state of affairs requires<br />

all influential individuals<br />

to unite, set aside their differences<br />

and work out a common strategy<br />

geared towards resuscitating the<br />

bleeding economy.<br />

The country is hopeless as the<br />

national leadership appears lost<br />

and clueless. Remember the inclusive<br />

government brought<br />

back some hope when <strong>Zimbabwe</strong><br />

was reeling from the effects<br />

of hyperinflation and surging<br />

unemployment.<br />

The same approach must guide<br />

us today. If we unite as <strong>Zimbabwe</strong>ans,<br />

it’s likely that we will<br />

shape a better economy. Greedy<br />

and selfishness, attributes characterising<br />

the Zanu PF leadership<br />

Former liberation fighter Wilfred<br />

Mhanda<br />

today, must be discarded in favour<br />

of unity of purpose.<br />

however, it seems Zanu PF<br />

stalwarts are like flies that will<br />

go down in the grave with the<br />

carcass. They are determined to<br />

safeguard their ill-gotten wealth<br />

without considering the needs of<br />

other ordinary citizens.<br />

The so-called front runners allegedly<br />

aiming to succeed President<br />

Robert Mugabe have nothing<br />

to offer. They are just powerhungry,<br />

and after having stayed in<br />

Zanu PF for too long, their chances<br />

of worsening the economic rot are<br />

high.<br />

The other problem that seems<br />

to be dominating the nation’s political<br />

landscape is the acceptance<br />

that Mugabe must be a life president.<br />

Zanu PF has no intension<br />

of challenging him, and over the<br />

years Mugabe has realised that.<br />

Since he could not be removed by<br />

the ballot, it is necessary he accepts<br />

a coalition with other parties<br />

for the benefit of <strong>Zimbabwe</strong>.<br />

tiPei, marondera.<br />

Send us your<br />

comments<br />

Please send your feedback to<br />

the <strong>Zimbabwe</strong> Independent.<br />

Comments should be short and<br />

concise.<br />

Send letters to: newsdesk@zimind.co.zw<br />

Send SMS to: 0772241005<br />

You can also comment on our<br />

website: http://www.the<strong>independent</strong>.co.zw<br />

and our Facebook<br />

page <strong>Zimbabwe</strong> Independent.<br />

Removing<br />

sanctions<br />

won’t help<br />

• DOeS anyone really think<br />

that removing sanctions will reform<br />

Zanu PF? It is clear from all<br />

that is happening that those in<br />

power have no intention of doing<br />

what is good for the country.<br />

They are all seeing the writing on<br />

the wall and are merely ensuring<br />

that when everything crumbles,<br />

they will not suffer. By removing<br />

sanctions, they will be vindicated<br />

and rewarded for their<br />

corrupt behaviour. Unfortunately,<br />

both the West and Zanu<br />

PF have backed themselves into<br />

corners they can hardly extract<br />

themselves from. Zanu PF has<br />

been consistent in its dishonesty<br />

and this will not change because<br />

sanctions on some individuals<br />

are lifted.<br />

maveriCk.<br />

• The African Union and Sadc<br />

are instruments serving to justify<br />

leadership impunity in Africa.<br />

Uganda’s former President<br />

Idi Amin became the Organisation<br />

of African Unity Chairperson<br />

when there was massive<br />

repression in his country. President<br />

Robert Mugabe became the<br />

deputy Sadc chairperson despite<br />

the political oppression in <strong>Zimbabwe</strong>.<br />

It’s time African citizens<br />

wake up and demand democratic<br />

leaders and not despots who<br />

suddenly become billionaires<br />

when they get into power.<br />

nkosi mambo.<br />

• The liberation struggle does<br />

not belong to Zanu PF. It belongs<br />

to the people of <strong>Zimbabwe</strong>. It is<br />

indisputable that Zanu PF played<br />

a co-leading role, but that was<br />

the old, determined Zanu PF, not<br />

the current gang of thieves. We<br />

urgently need change, though<br />

we cannot rubbish the armed<br />

struggle. Long live the people’s<br />

struggle, but the dishonest Zanu<br />

government should have no<br />

place in this country.<br />

afriCan Warrior.<br />

• TheRe is discord between<br />

Tyrants ruin<br />

AU principles<br />

• I agree with the article in your<br />

paper that questioned why African<br />

leaders want immunity.<br />

In my view, the African Union<br />

is discrediting itself by going<br />

against the founding principles<br />

of the Organisation of African<br />

Unity. The organisation is now<br />

being misled by tyrants who<br />

have overstayed in power.<br />

Clifford masHiri.<br />

what the MDC Renewal Team’s<br />

Jacob Mafume and Tendai Biti<br />

are saying. While Biti said they<br />

will soon form their own party,<br />

Mafume said they are re-aligning<br />

the MDC-T. If they are forming<br />

a new party, there is no need<br />

for re-alignment because they<br />

are starting a new project. These<br />

guys are confused and are out to<br />

destroy the MDC-T. If they want<br />

to identify with the armed struggle,<br />

in what way are they different<br />

from Zanu PF? They cannot<br />

win any votes for thinking like<br />

Zanu PF. It’s sensible for them to<br />

join the ruling party than forming<br />

another party. Soon they will<br />

be preaching to us that they are<br />

more Pan-African than anyone<br />

else just as Zanu PF thinks it is<br />

more patriotic than anyone.<br />

PaPa dad.<br />

• CIvIL Society needs to involve<br />

citizens in their programmes<br />

while interacting with<br />

their counterparts in other African<br />

countries to come up with<br />

strategies to reform the status<br />

quo in various countries across<br />

the continent. By this they become<br />

people-oriented.<br />

Just saying.<br />

• I don’t think government<br />

ministers really understand<br />

how unfriendly the indigenisation<br />

policy is. In a competitive<br />

world, the best thing to do is to<br />

repeal the legislation. We are the<br />

“funny” character in the Sadc<br />

economic movie and the sooner<br />

we realise that, the better. The<br />

world does not owe us a living.<br />

taurai moyo.<br />

Zim needs proper planning<br />

• I agree that sanctions have to go since they are being used as<br />

an excuse for incompetency. It is important for <strong>Zimbabwe</strong> to ensure<br />

the reasons that caused the imposition of sanctions are addressed.<br />

The Rhodesian prime minister Ian Douglas Smith ran a<br />

strong economy amid UN sanctions and a war. how did he manage?<br />

State enterprises in the form of railways, CSC and eSC were<br />

the envy of the region. Towns had clean running water and hospitals<br />

had drugs. The nation is failing to overcome sanctions because<br />

we spend what we don’t have and don’t care about tomorrow.<br />

That is why President Robert Mugabe’s entourage on his trips<br />

is always bloated. Corruption has also largely permeated through<br />

<strong>Zimbabwe</strong> society. As long as we have this, we will remained entrenched<br />

in the economic abyss. Only a committed, conscious<br />

leadership can turn around the economy despite the sanctions.<br />

sibongiseni Hove.<br />

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ZIMbabwe IndePendent june 6 to 12, <strong>2014</strong> 9<br />

readers’ forum<br />

Heroes Acre now a<br />

symbol of shame<br />

• The heroes Acre in was established<br />

primarily to honour<br />

liberation war heroes who persevered<br />

to see the birth of a new<br />

<strong>Zimbabwe</strong>.<br />

Besides the known ones who<br />

are physically buried at the<br />

acre, there is the tomb of the<br />

unknown soldier to signify the<br />

unsung heroes who again perished<br />

during war.<br />

The criteria is fair in my own<br />

opinion. What hasn’t been fair<br />

is the exclusion of deserving<br />

heroes like James Chikerema,<br />

Welshman Mabhena, Ndabaniningi<br />

Sithole, John Mutasa<br />

and recently Wilfred Mhanda,<br />

whose war name was Dzinashe<br />

Machingura, among others,<br />

while including undeserving<br />

people such as Border Gezi.<br />

equally disturbing is the inclusion<br />

of some whose contribution<br />

to the liberation struggle<br />

was not too significant compared<br />

to everyone else and<br />

therefore not deserving any<br />

special status. All this is usually<br />

done for political expediency.<br />

After this generation of liberation<br />

war heroes is gone,<br />

the future must honour national<br />

heroes through naming<br />

of schools, roads etc and move<br />

away from burying people at<br />

one shrine.<br />

even physically burying people<br />

at the heroes Acre is no<br />

longer a great idea after all. A<br />

liberation war museum should<br />

have been established and<br />

make it easily accessible to the<br />

public, detailing the lives of the<br />

liberation war heroes and a funeral<br />

pass out parade and a state<br />

funeral.<br />

Our problem is that the heroes<br />

Acre is being used to scare<br />

away Zanu PF’s political competitors<br />

and whip them into its<br />

political doctrines.<br />

how else can one justify the<br />

fact that Jairos Jiri was not made<br />

a national hero, yet Chenjerai<br />

hunzvi was declared one?<br />

Jiri was a selfless person who<br />

gave all he had to make the lives<br />

of the disabled people better.<br />

he changed our attitudes towards<br />

the disabled, made us see<br />

the light. hunzvi on the other<br />

hand was a completely selfish<br />

person who facilitated the<br />

looting of state funds by lying<br />

about the extent of disabilities<br />

suffered during the war, in exchange<br />

for bribes. Between the<br />

two of them, who would you<br />

call a hero?<br />

The idea of conferring hero<br />

status is supposed to be a great<br />

recognition of men and women<br />

who undertook to liberate<br />

this country from the yoke of<br />

colonialism.<br />

The principle has however<br />

being grossly abused by a cabal<br />

of self-opinionated Zanu PF<br />

politicians who believe in honouring<br />

party loyalists, personal<br />

friends and relatives of the ruling<br />

party’s top officials at the<br />

expense of true national heroes.<br />

Zanu PF must realise that the<br />

national shrine has simply become<br />

a symbol of shame. Decisions<br />

made by the party are<br />

only serving to discredit its importance<br />

and it is shocking that<br />

President Robert Mugabe finds<br />

it wise to sideline his fellow<br />

comrades.<br />

every political movement<br />

experiences differences and<br />

the likes of Mhanda were not<br />

wrong in expressing dissent.<br />

Zanu PF must learn to accept<br />

that it is not Mugabe alone who<br />

fought the liberation struggle<br />

and thus he must cease to treat<br />

Independence as his individual<br />

achievement. With this mindset,<br />

surely we are doomed!<br />

ConCerned, Harare.<br />

Transitional govt necessary<br />

• I believe a transitional or coalition<br />

government that includes all<br />

political parties may save us from<br />

suffering.<br />

The current state of affairs requires<br />

all influential individuals<br />

to unite, set aside their differences<br />

and work out a common strategy<br />

geared towards resuscitating the<br />

bleeding economy.<br />

The country is hopeless as the<br />

national leadership appears lost<br />

and clueless. Remember the inclusive<br />

government brought<br />

back some hope when <strong>Zimbabwe</strong><br />

was reeling from the effects<br />

of hyperinflation and surging<br />

unemployment.<br />

The same approach must guide<br />

us today. If we unite as <strong>Zimbabwe</strong>ans,<br />

it’s likely that we will<br />

shape a better economy. Greedy<br />

and selfishness, attributes characterising<br />

the Zanu PF leadership<br />

Former liberation fighter Wilfred<br />

Mhanda<br />

today, must be discarded in favour<br />

of unity of purpose.<br />

however, it seems Zanu PF<br />

stalwarts are like flies that will<br />

go down in the grave with the<br />

carcass. They are determined to<br />

safeguard their ill-gotten wealth<br />

without considering the needs of<br />

other ordinary citizens.<br />

The so-called front runners allegedly<br />

aiming to succeed President<br />

Robert Mugabe have nothing<br />

to offer. They are just powerhungry,<br />

and after having stayed in<br />

Zanu PF for too long, their chances<br />

of worsening the economic rot are<br />

high.<br />

The other problem that seems<br />

to be dominating the nation’s political<br />

landscape is the acceptance<br />

that Mugabe must be a life president.<br />

Zanu PF has no intension<br />

of challenging him, and over the<br />

years Mugabe has realised that.<br />

Since he could not be removed by<br />

the ballot, it is necessary he accepts<br />

a coalition with other parties<br />

for the benefit of <strong>Zimbabwe</strong>.<br />

tiPei, marondera.<br />

Send us your<br />

comments<br />

Please send your feedback to<br />

the <strong>Zimbabwe</strong> Independent.<br />

Comments should be short and<br />

concise.<br />

Send letters to: newsdesk@zimind.co.zw<br />

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website: http://www.the<strong>independent</strong>.co.zw<br />

and our Facebook<br />

page <strong>Zimbabwe</strong> Independent.<br />

Removing<br />

sanctions<br />

won’t help<br />

• DOeS anyone really think<br />

that removing sanctions will reform<br />

Zanu PF? It is clear from all<br />

that is happening that those in<br />

power have no intention of doing<br />

what is good for the country.<br />

They are all seeing the writing on<br />

the wall and are merely ensuring<br />

that when everything crumbles,<br />

they will not suffer. By removing<br />

sanctions, they will be vindicated<br />

and rewarded for their<br />

corrupt behaviour. Unfortunately,<br />

both the West and Zanu<br />

PF have backed themselves into<br />

corners they can hardly extract<br />

themselves from. Zanu PF has<br />

been consistent in its dishonesty<br />

and this will not change because<br />

sanctions on some individuals<br />

are lifted.<br />

maveriCk.<br />

• The African Union and Sadc<br />

are instruments serving to justify<br />

leadership impunity in Africa.<br />

Uganda’s former President<br />

Idi Amin became the Organisation<br />

of African Unity Chairperson<br />

when there was massive<br />

repression in his country. President<br />

Robert Mugabe became the<br />

deputy Sadc chairperson despite<br />

the political oppression in <strong>Zimbabwe</strong>.<br />

It’s time African citizens<br />

wake up and demand democratic<br />

leaders and not despots who<br />

suddenly become billionaires<br />

when they get into power.<br />

nkosi mambo.<br />

• The liberation struggle does<br />

not belong to Zanu PF. It belongs<br />

to the people of <strong>Zimbabwe</strong>. It is<br />

indisputable that Zanu PF played<br />

a co-leading role, but that was<br />

the old, determined Zanu PF, not<br />

the current gang of thieves. We<br />

urgently need change, though<br />

we cannot rubbish the armed<br />

struggle. Long live the people’s<br />

struggle, but the dishonest Zanu<br />

government should have no<br />

place in this country.<br />

afriCan Warrior.<br />

• TheRe is discord between<br />

Tyrants ruin<br />

AU principles<br />

• I agree with the article in your<br />

paper that questioned why African<br />

leaders want immunity.<br />

In my view, the African Union<br />

is discrediting itself by going<br />

against the founding principles<br />

of the Organisation of African<br />

Unity. The organisation is now<br />

being misled by tyrants who<br />

have overstayed in power.<br />

Clifford masHiri.<br />

what the MDC Renewal Team’s<br />

Jacob Mafume and Tendai Biti<br />

are saying. While Biti said they<br />

will soon form their own party,<br />

Mafume said they are re-aligning<br />

the MDC-T. If they are forming<br />

a new party, there is no need<br />

for re-alignment because they<br />

are starting a new project. These<br />

guys are confused and are out to<br />

destroy the MDC-T. If they want<br />

to identify with the armed struggle,<br />

in what way are they different<br />

from Zanu PF? They cannot<br />

win any votes for thinking like<br />

Zanu PF. It’s sensible for them to<br />

join the ruling party than forming<br />

another party. Soon they will<br />

be preaching to us that they are<br />

more Pan-African than anyone<br />

else just as Zanu PF thinks it is<br />

more patriotic than anyone.<br />

PaPa dad.<br />

• CIvIL Society needs to involve<br />

citizens in their programmes<br />

while interacting with<br />

their counterparts in other African<br />

countries to come up with<br />

strategies to reform the status<br />

quo in various countries across<br />

the continent. By this they become<br />

people-oriented.<br />

Just saying.<br />

• I don’t think government<br />

ministers really understand<br />

how unfriendly the indigenisation<br />

policy is. In a competitive<br />

world, the best thing to do is to<br />

repeal the legislation. We are the<br />

“funny” character in the Sadc<br />

economic movie and the sooner<br />

we realise that, the better. The<br />

world does not owe us a living.<br />

taurai moyo.<br />

Zim needs proper planning<br />

• I agree that sanctions have to go since they are being used as<br />

an excuse for incompetency. It is important for <strong>Zimbabwe</strong> to ensure<br />

the reasons that caused the imposition of sanctions are addressed.<br />

The Rhodesian prime minister Ian Douglas Smith ran a<br />

strong economy amid UN sanctions and a war. how did he manage?<br />

State enterprises in the form of railways, CSC and eSC were<br />

the envy of the region. Towns had clean running water and hospitals<br />

had drugs. The nation is failing to overcome sanctions because<br />

we spend what we don’t have and don’t care about tomorrow.<br />

That is why President Robert Mugabe’s entourage on his trips<br />

is always bloated. Corruption has also largely permeated through<br />

<strong>Zimbabwe</strong> society. As long as we have this, we will remained entrenched<br />

in the economic abyss. Only a committed, conscious<br />

leadership can turn around the economy despite the sanctions.<br />

sibongiseni Hove.<br />

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10<br />

<strong>Zimbabwe</strong> <strong>independent</strong> june 6 to 12, <strong>2014</strong><br />

fEaTurE<br />

Chingwizi: Resilience carries the day<br />

Elias MaMbo/TaTEnda ChiTagu<br />

READING accounts of life at Chingwizi<br />

camp in the media, some<br />

of them heart-rending, one is<br />

bound to imagine life at the camp<br />

is all doom and gloom with villagers<br />

eking out a living from the<br />

depths of despair.<br />

However, a visit to the camp,<br />

where more than 3 000 families<br />

— mostly victims of the Tokwe-<br />

Murkosi flood disaster — are staying,<br />

defied such expectations and<br />

turned out to be a study in resilience<br />

under tough circumstances.<br />

Upon arrival at Chingwizi camp,<br />

the visitor is greeted by a curious<br />

mixture of properly set up tents<br />

and the cardboard and plastic<br />

shacks reminiscent of the shanty<br />

towns in South Africa.<br />

Three elderly women, all carrying<br />

mobile phones, emerge from<br />

the tents and their eyes light up in<br />

anticipation of a donation from us.<br />

After a few pleasantries and<br />

upon the realisation that they<br />

would not be given anything, they<br />

shift their attention to a wellgroomed<br />

young woman who has<br />

just disembarked from a truck<br />

with a cooler bag stuffed with frozen<br />

chicken pieces for sale.<br />

The woman is just one of many<br />

traders who trudge the rows of<br />

gravel paths in the sprawling settlement<br />

to sell their wares.<br />

The usual tales of looming starvation<br />

and confrontation towards<br />

government are not in evidence as<br />

Chingwizi inhabitants loudly haggle<br />

with traders bringing an assortment<br />

of merchandise for sale.<br />

A young lady emerges from one<br />

of the tents into the bright sunlight,<br />

gazes intently at her reflection in a<br />

hand held mirror and starts to apply<br />

make-up to her face while a<br />

few metres away, a group of male<br />

youths take swigs from a plastic<br />

bottle containing popular opaque<br />

beer. Occasionally, they throw<br />

approving glances in the young<br />

lady’s direction.<br />

Clearly, even in the face of<br />

hardships, hope springs eternal at<br />

this camp, making it microcosmic<br />

of the wider resilient <strong>Zimbabwe</strong>an<br />

society that continues to hold<br />

hope despite an economic meltdown<br />

now in its second decade.<br />

“My shop has become the centre<br />

of attraction because I load<br />

music onto mobile phones and<br />

update the whatsapp application<br />

on people’s phones,” said Tinotenda<br />

Shumba whose computer<br />

is housed in a makeshift grass<br />

thatched shop.<br />

Just across the street another<br />

enterprising youth sets up huge<br />

speakers and the entire shop rattles<br />

and reverberates to popular<br />

musician Jah Prayzah’s hit song.<br />

From the mobile gadgets and audio<br />

accessories to shebeens, Chingwizi<br />

has it all.<br />

One of the country’s mobile<br />

networks has constructed a<br />

makeshift base station and opened<br />

a shop near the police post to keep<br />

There is football debate<br />

as the young men air their<br />

views on which country is<br />

likely to win the World Cup<br />

tournament which kicks<br />

off in Brazil next Friday.<br />

Youths can enjoy a game of pool. Pic by Elias Mambo<br />

A hive of activity as camp residents buy supplies from makeshift tuckshops. Pic by Sherpherd Tozvireva<br />

the villagers connected to the rest<br />

of the world. It sells airtime and<br />

offers money transfer services.<br />

Some youths play a game of<br />

pool. There is football debate as<br />

the young men air their views on<br />

which country is likely to win the<br />

World Cup tournament kicking<br />

off in Brazil next Friday.<br />

It is hard to imagine that these<br />

people mostly have to rely on food<br />

handouts largely from foreign<br />

non-governmental organisations<br />

(NGOs) like Oxfam, whose flag<br />

flutters in the wind while government<br />

and local NGOs take a<br />

backseat.<br />

Only last week, government<br />

dismantled a large shed that<br />

served as storage for donated food<br />

at the camp. The move which dismayed<br />

thousands of hungry people<br />

at the camp is said to be part<br />

of a concerted effort by government<br />

to force the people out of<br />

the camp.<br />

A new tent has been erected in<br />

a bushy area 17km away where<br />

government wants villagers to be<br />

resettled on one-hectare pieces<br />

of land condemned by camp residents<br />

as arid and too small.<br />

“These shops, these radios and<br />

these phones ensure we feel we<br />

are not isolated from the whole<br />

world,” said Mbuya Chigova, a<br />

widow who was evacuated from<br />

the Tokwe-Murkosi basin.<br />

“The first three months were<br />

very tough as there was little<br />

to occupy us, but things have<br />

changed although most people<br />

can hardly afford what the traders<br />

sell.<br />

“Unfortunately, we are being<br />

forced to sell our cattle for a song<br />

so we can buy groceries as government<br />

has stopped giving us<br />

any support.”<br />

Most families were plunged<br />

into complete poverty by floods,<br />

after incessant rains in Masvingo<br />

caused the partial collapse<br />

of the Tokwe-Murkosi dam wall,<br />

washed away crops and homes.<br />

The villagers have, since relocation,<br />

been up in arms with<br />

government’s alleged insensitive<br />

handling of their plight with some<br />

claiming to have lost livestock<br />

and valuable property during<br />

government-assisted evacuation.<br />

Currently, there is not enough<br />

water, raising serious health concerns.<br />

There are also widespread<br />

reports of government officials<br />

looting goods intended for the<br />

flood victims, and allegedly using<br />

food in exchange for sexual<br />

favours. Some of the tents have<br />

been destroyed by heavy winds.<br />

“As our tents have been destroyed,<br />

we are being forced to<br />

go and settle at small plots which<br />

cannot accommodate our families,”<br />

Tendai Mandebvu said. “We<br />

have been told anyone who wants<br />

food should accept to move to the<br />

plots, otherwise we will starve<br />

to death because government is<br />

ready to assist only those who accept<br />

new plots. The majority have<br />

vowed they would rather die here<br />

instead of being forced to accept a<br />

one-hectare piece of land.”<br />

A widow, Miriam Zhou, who<br />

houses six siblings in her tent and<br />

claims to be a war veteran, criticised<br />

government.<br />

“It seems our government is<br />

behaving like the settler colonial<br />

government,” she said.<br />

Maxwell Saungweme, a local<br />

social commentator, said what is<br />

happening at Chingwizi is typical<br />

of resilient <strong>Zimbabwe</strong>ans.<br />

“Since the colonial era, <strong>Zimbabwe</strong>ans<br />

have demonstrated<br />

their ability to take abnormal<br />

situations to be the ‘new normal’.<br />

Even during the Economic Structural<br />

Adjustment Programme in<br />

the 1990s, to the land invasions<br />

and political violence in 2000 and<br />

years after, to the hyperinflationary<br />

crisis that peaked in 2008-9,<br />

<strong>Zimbabwe</strong>ans have shown that<br />

they can bear extreme hardships,”<br />

Saungweme said.<br />

“Life needed to come back to<br />

Chingwizi; unfortunately, this<br />

will lead to the government forgetting<br />

the core issues this unfortunate<br />

community faces. They<br />

will be forgotten again and only<br />

remembered when another disaster<br />

strikes. As <strong>Zimbabwe</strong>ans,<br />

we must not accept these abnormal<br />

situations to continue and<br />

confront the government, the<br />

duty bearers, to deliver on their<br />

mandates. We have to take them<br />

to account.”<br />

Another commentator, Youth<br />

Initiative for Democracy in <strong>Zimbabwe</strong><br />

director Sydney Chisi,<br />

said whatever is giving the people<br />

smiles during the day in Chingwizi<br />

will surely give them sadness<br />

in the long-run if their plight is<br />

not resolved.<br />

“Chingwizi villagers’ patience<br />

will be eroded the longer government<br />

takes to resolve their issues,<br />

Chisi said. “While camp inmates<br />

might celebrate the comfort of<br />

their open prison system, the reality<br />

is that what they have lost<br />

through the relocation is huge.<br />

The micro-businesses provided<br />

by crisis-entrepreneurs within<br />

the system will offer only temporary<br />

relief.”


ZiMbabwe independenT june 6 To 12, <strong>2014</strong> 11<br />

column<br />

Under the heading “the<br />

Zim dollar can work wonders”,<br />

the Sunday Mail last<br />

weekend once again tried to<br />

stimulate interest in this discredited<br />

currency.<br />

If Zanu PF was hoping for an<br />

uptake in interest they were<br />

likely to be disappointed. nothing<br />

could be more calculated to<br />

drive the public into the arms of<br />

the opposition.<br />

Whatever we may think about<br />

the MdC formations, they — and<br />

probably the rest of the country<br />

— are united on the issue of the<br />

Zim dollar.<br />

nobody wants the disastrous<br />

dollar to make a reappearance<br />

after the success of the US dollar<br />

in standing for stability and<br />

growth.<br />

Inspired<br />

The Sunday Mail has taken<br />

inspiration from German<br />

chancellor Gustav Stressemann.<br />

in the Weimar republic<br />

who secured currency stability<br />

in the mid-20s.<br />

Germans were delighted with<br />

this outcome.<br />

Can the same be said of Tafataona<br />

Mahoso who has been advocating<br />

a return to the Zim dollar<br />

for several years?<br />

The German public were keen<br />

to exchange their worthless<br />

papierenmark for the robust<br />

rentenmark.<br />

After the Second World War<br />

Germans embraced another new<br />

currency in 1948 — the deutschemark<br />

— which they were<br />

loath to abandon when the euro<br />

came in.<br />

<strong>Zimbabwe</strong>ans, we can be sure,<br />

will be equally reluctant to see a<br />

return to the Zim dollar.<br />

The US dollar provided, in<br />

addition to physical stability,<br />

the psychological security that<br />

comes with a stable currency.<br />

People could actually plan ahead.<br />

Mahoso refers to the “rand<br />

Union” in his article. Is this the<br />

same as the rand Monetary<br />

Area?<br />

Parade circus<br />

IT is very important nowadays<br />

to put on the correct shoes<br />

when going on parade. ZTV<br />

carried a clip last Thursday night<br />

which explained how tightfitting<br />

shoes can be a hazard to<br />

powerful people’s circulation<br />

when they have to stand to attention<br />

for hours.<br />

We gather that it is an offence<br />

in one service to fall over when<br />

standing on parade. rarely has a<br />

story been so widely covered as<br />

this one. All sorts of explanations<br />

were given about how and why<br />

it happened. But all were agreed<br />

including the victim, it was the<br />

tight shoes that were the culprits!<br />

Muckraker’s comment: Couldn’t<br />

he check what shoes he<br />

would be wearing that morning?<br />

Imaginary victories<br />

IT is entertaining to watch the<br />

state press claim victories for<br />

Zanu PF.<br />

MUCKRAKER<br />

Twitter: @MuckrakerZim<br />

“Is it true that the EU<br />

is prepared to ignore<br />

its own policy? Why<br />

for instance have<br />

several ministerial<br />

expeditions to Europe<br />

under the rubric of<br />

re-engagement<br />

prove fruitless? Is it<br />

seriously suggested.<br />

the EU knows<br />

nothing about<br />

observer mission<br />

head Pierre Schori’s<br />

eviction from the<br />

country in 2002 . . .”<br />

shoRt And swEEt ...<br />

Malawi’s justice system sends favourable signal<br />

The chaos that seemed inevitable in Malawi<br />

after the general elections were held in the<br />

country recently has at least subsided, thanks<br />

to the transparent justice system.<br />

That the courts refused to consider the country’s<br />

former President Joyce Banda’s antics to challenge<br />

the electoral outcome as null and void put smiles on<br />

democrats across the world. The fear among many,<br />

especially <strong>Zimbabwe</strong>ans, was that Banda would<br />

employ rigging tactics to outwit the eventual winner,<br />

Peter Mutharika.<br />

Zim dollar a curse<br />

many want to forget<br />

Information deputy minister Supa<br />

Mandiwanzira<br />

The trial however was met with legal resistance.<br />

The doctrine of separation of powers between<br />

the judiciary and the executive must be hailed as a<br />

milestone development in a continent where elections<br />

are mainly crafted to suit the demands of the<br />

ruling elite.<br />

Zanu PF may have been less impressed, at least<br />

Banda could have learnt a lot from <strong>Zimbabwe</strong>’s general<br />

elections since 2000. Opposition politics must<br />

simply end with envy and not power. At least Malawi<br />

now knows more than one president or is it five?<br />

On Tuesday the Herald stated<br />

that “the fact that the eU is prepared<br />

to normalise relations<br />

without setting preconditions,<br />

especially around the land reform<br />

programme, is a major victory<br />

for the country.”<br />

Is it true that the eU is prepared<br />

to ignore its own policy? Why for<br />

instance have several ministerial<br />

expeditions to europe under the<br />

rubric of re-engagement proved<br />

fruitless?<br />

Is it seriously suggested the eU<br />

knows nothing about observer<br />

mission head Pierre Schori’s<br />

eviction from the country in 2002<br />

for identifying political violence<br />

and electoral manipulation?<br />

Misplaced warning<br />

MeAnWhIle it is good to<br />

have Supa Mandiwanzira’s<br />

assurance that more<br />

commercial radio licences will<br />

soon be issued.<br />

But we are not interested in Joram<br />

nyathi’s warning about the<br />

tower of Babel in the commercial<br />

sector.<br />

“We need to have a national<br />

voice that speaks to common<br />

values,” he says.<br />

do we? In a mature democracy<br />

the public and interested parties<br />

can fashion whatever values<br />

they like. They don’t need<br />

government columnists telling<br />

them about the supposed need<br />

for “common values”.<br />

There are over 12 million <strong>Zimbabwe</strong>ans<br />

and every one is entitled,<br />

notionally, to broadcast<br />

their “values”.<br />

“Common values” are in any<br />

case the domain of one-party<br />

states in an earlier era.<br />

They need consigning to the<br />

dustbin of history while real<br />

broadcasters get on with their<br />

work.<br />

Once again we need to draw<br />

attention to the Supreme Court<br />

ruling of 2000 striking down the<br />

ZBC monopoly. how has that<br />

manipulation of “common values”<br />

served the country? It is a<br />

good illustration of what happens<br />

when the state thinks it<br />

knows better.<br />

Perplexed<br />

CAn someone please explain<br />

what the european Council<br />

on Tourism and Trade really<br />

is all about.<br />

Muck paid a visit to the “private<br />

Bucharest, romania-based<br />

organisation with an interest<br />

in tourism”, as it is described<br />

by The Herald, and was underwhelmed<br />

to put it mildly.<br />

Shabby and outdated-looking,<br />

it could do with a comprehensive<br />

facelift. And how is the<br />

World Best Tourism destination<br />

award arrived at, and by whom,<br />

most <strong>Zimbabwe</strong>ans must be<br />

wondering?<br />

The website reveals the award<br />

winner for 2013 was laos.<br />

Previous winners are: 2007<br />

— Arab republic of Syria; 2008<br />

— Turkey; 2009 — United Arab<br />

emirates; 2010 — republic of<br />

Korea (South Korea); 2011 —<br />

United Arab emirates; 2012 —<br />

republic of Trinidad and Tobago.<br />

Under “nomination Criteria<br />

and Selection” the website, rather<br />

vaguely, says:<br />

nominations are usually submitted<br />

until August 1 of the year<br />

in question, but the update and<br />

new name are accepted until the<br />

completion is closed.<br />

The statutes of World Best<br />

Tourist destination Award guarantee<br />

the secrecy of nominations,<br />

procedure, considerations<br />

and investigation for a period of<br />

50 years after the prize has been<br />

awarded.<br />

The nominations are not representative<br />

of anything other<br />

than the opinions of the nominators,<br />

we are told.<br />

The eCTT, which is not affiliated<br />

to the eU was on Wednesday<br />

scheduled to present two awards<br />

to President Mugabe “in recognition<br />

of <strong>Zimbabwe</strong>’s appeal as<br />

a major tourism destination” in<br />

a ceremony at a harare hotel,<br />

which “provides further <strong>independent</strong><br />

affirmation of <strong>Zimbabwe</strong><br />

as a tourism destination of<br />

choice”, according to The Herald.<br />

Marginalised<br />

MeAnWhIle our sister<br />

paper Newsday on the<br />

same day reported Tourism<br />

players from Mashonaland<br />

West province had rapped the<br />

<strong>Zimbabwe</strong> Tourism Authority<br />

(ZTA) for charging “exorbitant”<br />

operating fees and concentrating<br />

its activities in harare at the expense<br />

of outlying areas.<br />

Speaking during a stakeholders’<br />

meeting at Chinhoyi Training<br />

Centre on Tuesday, hotel, boat<br />

and fishery operators from the<br />

province also accused the ZTA<br />

of “killing the tourism sector” by<br />

failing to promote local tourism<br />

and ignoring small players.<br />

Tourism and hospitality Industry<br />

deputy minister retired<br />

Brigadier-General Walter Kanhanga<br />

concurred saying the<br />

tourism sector was on a downward<br />

slide due to many factors.


12<br />

ZIMBABWE INDEPENDENT JUNE 6 TO 12, <strong>2014</strong><br />

COLUMN<br />

Indigenisation saga rages on<br />

PUBLICLY, the first assertions that this<br />

country required to effect meaningful<br />

economic indigenisation were made in<br />

about 1958, when the liberally minded<br />

humanitarian Sir Garfield Todd and his<br />

political party, the United Rhodesia Front,<br />

urged that the laws barring the indigenous<br />

population from owning land except indirectly<br />

(via chiefs and tribunal councils)<br />

through designated “communal lands” be<br />

repealed. Unfortunately this advice fell on<br />

resolutely deaf ears.<br />

Although I was not a member of his or<br />

any other party, at one of his public meetings<br />

I supported the demand but emphasised<br />

that diverse policies and progress<br />

were required to enable capable members<br />

of the indigenous population to be active<br />

participants (not necessarily just employees)<br />

in all sectors of the economy. That too<br />

fell on deaf ears.<br />

Some very limited consideration to<br />

these issues arose during the Unilateral<br />

Declaration of Independence (UDI) period,<br />

but yet again there was no meaningful<br />

progress on indigenisation. The first real<br />

movement in a partially positive direction<br />

was when post-Independence the Zanu<br />

PF government repealed the indigenously<br />

hostile Land Apportionment Act, and legislated<br />

that all rural lands were state property<br />

to be leased to farmers in general,<br />

but primarily to indigenous “new” farmers.<br />

However, the manner in which it was<br />

done was appallingly unjust, and with innumerable<br />

negative consequences.<br />

In the first instance, government alleged<br />

that the white farmers being displaced<br />

had “stolen” the lands from the<br />

indigenous population, and therefore no<br />

compensation would be paid unless those<br />

farmers’ “original” homelands, for example<br />

the United Kingdom, paid such compensation.<br />

This stance was in deliberate<br />

disregard for not only the fact that when<br />

the white farmers acquired the lands there<br />

was no one occupying it, and with equal<br />

disregard for the innumerable Certificates<br />

of No Interest which government had previously<br />

issued which enabled then white<br />

farmers to sell the lands to other whites.<br />

The bottom line is government stole the<br />

land from the whites, albeit that the whites<br />

had shockingly and unjustly barred indigenous<br />

land ownership for many decades.<br />

Moreover, government only issued offer<br />

letters to indigenous “new farmers”, but<br />

acceptance of those offers did not result in<br />

issuance of leases, which left the farmers<br />

with a great sense of insecurity, and rendered<br />

them devoid of collateral in order<br />

to secure essential funding. At the same<br />

time, and for many years, government did<br />

not ensure the timeous availability of agricultural<br />

inputs, and also prescribed that<br />

crops produced in most instances had to<br />

Eric Bloch<br />

Column<br />

be sold to specified state enterprises, usually<br />

at unrealistically low prices and delayed<br />

payment.<br />

Consequently, agriculture production declined<br />

drastically and this seriously affected<br />

the economy. In addition, because of oppressive<br />

legislation and policies, about 1,5 million<br />

farm workers lost employment, rendering<br />

them devoid of income and condemning<br />

them to intense poverty.<br />

Over the years government has recurrently<br />

assured 99-year leases will be forthcoming,<br />

and over the last eight months has stated that<br />

such leases will be formatted in such manner<br />

as to accord them collateral value, but that is<br />

yet to happen. Government, when claiming<br />

to be doing anything progressive, can only<br />

work at three speeds: slow, very slow, and<br />

stop. In contrast, when it wishes to do something<br />

prejudicial, it usually also works at one<br />

of three speeds: too fast, much too fast, and<br />

catastrophically fast!<br />

All of these circumstances have been major<br />

contributors to the tensions and hostile relationships<br />

among <strong>Zimbabwe</strong> and the international<br />

community, much to <strong>Zimbabwe</strong>an<br />

prejudice.<br />

The reduced goodwill caused by <strong>Zimbabwe</strong>an<br />

actions and statements markedly<br />

reduced international aid, loans and other<br />

funding; diminished trade with resultant<br />

further negative economic consequences;<br />

discouraged greatly needed investment (potential<br />

investors fearing that their investments<br />

would be “stolen” in the same manner<br />

government “stole” the farms from the white<br />

farmers).<br />

Then, in 2008, government rapidly proceeded<br />

with legislation for “indigenisation”<br />

of existing and future enterprises. The legislation<br />

was targeted at intensified (even if indirect)<br />

governmental control or influence of<br />

almost all economic ventures, the vesting of<br />

part ownership in many of the targeted ventures<br />

by government through diverse funds<br />

and community trusts. This has been economically<br />

disastrous for over six years. The<br />

legislation caused many non-resident investors<br />

to disinvest hurriedly, and is an enormous<br />

deterrent to investment in <strong>Zimbabwe</strong>.<br />

As a result, the economy has continuously<br />

struggled along, with much of the population<br />

suffering intense hardships, government being<br />

constantly bankrupt, and very little effective<br />

indigenisation being achieved.<br />

Since the end of 2013 President Robert<br />

Mugabe, Minister of Finance Patrick Chinamasa,<br />

Senior Minister Simon Khaya Moyo,<br />

and others in high political authority have<br />

intimated that the policies and legislation<br />

would imminently be amended to be more<br />

effective, just, and conducive to investment,<br />

although until a week ago the Minister of<br />

Indigenisation, Francis Nhema, denied any<br />

knowledge thereof. However this week various<br />

draft documents were considerably deliberated<br />

upon by much of the political hierarchy,<br />

and hence the hope that there will be<br />

remedies for the ills created by indigenisation<br />

(but with the current government that cannot<br />

be taken for granted).<br />

The intended legislation will see some realistic<br />

modifications in respect of the commerce<br />

and industry, distributive services and<br />

allied economic sectors, which will motivate<br />

and facilitate new investment, provided<br />

that the legislation also contains provisions<br />

which then entrench investor security, and<br />

that such provisions are enforceable in law.<br />

In contradistinction, the declared intents in<br />

respect of the economic exploitation of <strong>Zimbabwe</strong>’s<br />

natural resources are disastrous for<br />

investment.<br />

To all intents government wishes to retain<br />

total ownership of those resources, with investors<br />

providing capital funding, requisite<br />

equipment, technological skills and inputs,<br />

and access to markets, in exchange for an alleged<br />

“profit-share”. The reality is this cannot<br />

accord investors any real security, and<br />

only a greatly minimal return on investment.


<strong>Zimbabwe</strong> <strong>independent</strong> june 6 to 12, <strong>2014</strong> 13<br />

analysis<br />

Political will key to governance code<br />

Herbert Moyo<br />

LAST week’s media reports that government<br />

had joined hands with the private<br />

sector to craft the National Code of Corporate<br />

Governance aimed at providing a “holistic<br />

solution to corporate failure and poor<br />

corporate governance” will not necessarily<br />

be sweet music to ordinary <strong>Zimbabwe</strong>ans<br />

now accustomed to their government’s<br />

propensity for rhetoric at the expense of<br />

action.<br />

<strong>Zimbabwe</strong> has a well-documented history<br />

of crafting well-intentioned policy<br />

documents including the ruling party Zanu<br />

PF’s leadership code of 1984 (which banned<br />

party members from owning businesses<br />

and property), and more recently the Corporate<br />

Governance Framework launched<br />

during the tenure of the unity government<br />

comprising Zanu PF and the MDC formations<br />

from 2009 to 2013.<br />

“Party officials shall not own a business, a<br />

share or an interest in a business organised<br />

for profit; provided that this shall not be<br />

interpreted as prohibiting such petty sideline<br />

activities as chicken runs, small plots<br />

and gardens on one© s residential property,”<br />

reads part of the Zanu PF code of the heady<br />

early years of Independence when socialism<br />

was still en vogue.<br />

Other prohibitions in the code included<br />

receiving more than one salary and owning<br />

more than 50 acres of land. While these<br />

were highly ambitious and difficult to sustain<br />

they at least demonstrate a Zanu PF<br />

whose ethos and ideology is in stark contrast<br />

to the rapacity of the present-day<br />

party where multiple farm ownership, including<br />

by the first family, are the order of<br />

the day. This is in flagrant disregard of the<br />

party’s one man, one farm policy.<br />

The Zanu PF government seemed so serious<br />

about fighting corruption that then party<br />

heavyweights like the late Maurice Nyagumbo,<br />

Frederick Shava, Callistus Ndlovu<br />

and the late Enos Nkala were hauled before<br />

a commission of inquiry led by then judge<br />

president Wilson Sandura and subsequently<br />

lost their ministerial posts.<br />

The ministers were fingered in abuse<br />

of their offices in the buying of cars from<br />

Willowvale car assembly before re-selling<br />

them at exorbitant prices for profit.<br />

This, and subsequent documents including<br />

the latest code, have all identified corruption<br />

and personal enrichment as the<br />

key impediments to getting parastatals and<br />

state enterprises (SEPs) to start contributing<br />

substantially to economic and social<br />

development in the country, instead of<br />

haemorrhaging the fiscus.<br />

Given this scenario the question is: what<br />

exactly is new in this governance code<br />

glowingly described as the “first of its kind”<br />

by the state media? Even if, as expected, it<br />

is launched by President Robert Mugabe —<br />

what will it do which the code launched<br />

by former State Enterprises and Parastatals<br />

minister Gorden Moyo failed to do?<br />

Moyo launched the Corporate Governance<br />

Framework (CGF) in 2010 for adoption<br />

by line ministries in an attempt to turn<br />

around the operations of SEPs. The CGF<br />

provides step-by-step procedures, including<br />

consultations and consensus among key<br />

stakeholders in the appointments of board<br />

members, culminating in cabinet approval.<br />

To its credit, the code also acknowledges<br />

that appointments to public office must<br />

be made primarily on merit and measures<br />

should be taken to expose, combat and<br />

eradicate corruption and abuse of office.<br />

But as analysts point out, it can only work<br />

when implemented and for that to happen<br />

there must be political will which has generally<br />

been absent in government.<br />

The code came to naught perhaps because<br />

as political commentator Godwin<br />

Phiri observed, “It was launched amid political<br />

bickering in the inclusive government<br />

where Zanu PF and its MDC coalition<br />

partners sought to undermine each other’s<br />

efforts.”<br />

“The proof of the pudding will be in the<br />

eating but the code may well lead to concrete<br />

action because it has been crafted by<br />

a Zanu PF government which has also been<br />

very vocal against its own in exposing corruption,”<br />

said Phiri.<br />

“We need to give the government the<br />

benefit of doubt this time around. The economy<br />

is bleeding from various causes chief<br />

of which is the scourge of corruption in the<br />

parastatals and civil service. The Zanu PF<br />

government does not want the economy to<br />

totally collapse and ruin Mugabe’s legacy.”<br />

But does the government have the will or<br />

the spine to enforce some of the code’s key<br />

recommendations including meritocracy<br />

in the appointment of public officials and<br />

parastatal bosses, given Mugabe has widely<br />

been accused of using a patronage system<br />

to maintain his stranglehold on the party<br />

and country.<br />

Military personnel currently sit on many<br />

parastatals boards; in fact, the Zanu PF party’s<br />

central committee report to its 14th annual<br />

people’s conference held in Chinhoyi<br />

last December contains proposals to staff<br />

key parastatals like the National Indigenisation<br />

and Economic Empowerment Board<br />

with “people with the relevant political<br />

will”.<br />

Exasperated by what he believed to be<br />

the partisan appointments of military officials,<br />

Moyo claimed his ministry had<br />

even prepared what he called a data base<br />

of competent <strong>Zimbabwe</strong>an professionals<br />

for consideration by line ministers for<br />

appointment to executive and parastatals<br />

boards.<br />

But beyond crafting a sound code, government<br />

will have to take it a step further<br />

through legislation to give it legal force.<br />

<strong>Zimbabwe</strong> Environmental Lawyers Association<br />

director Mutuso Dhliwayo said<br />

the new code should only be seen as nothing<br />

more than “a statement of intent”,<br />

which is not legally binding.<br />

“Hopefully the government will proceed<br />

to have it legislated so that it can have full<br />

legal effect,” he said.<br />

SEPs, which have the potential to contribute<br />

40% to the country’s Gross Domestic<br />

Product (GDP), can only make a meaningful<br />

contribution when run professionally<br />

and not the current shadowy approach<br />

where appointments are made on partisan<br />

grounds, and bosses are paid outrageous<br />

salaries when their entities are broke and<br />

constantly bailed out by the fiscus.<br />

Former State Enterprises and Parastatals<br />

minister Gorden Moyo


14<br />

ZIMBABWE INDEPENDENT JUNE 6 TO 12, <strong>2014</strong><br />

OPINION<br />

Tapiwa<br />

Mashakada<br />

MDC-T MP<br />

ZIMBABWE’S investment climate<br />

has no doubt deteriorated<br />

drastically along with the economy<br />

over the past decade. The<br />

World Bank Doing Business Report<br />

has repeatedly ranked <strong>Zimbabwe</strong><br />

158th out of 183 countries. The<br />

World Economic Forum’s global<br />

competitiveness index has rated<br />

<strong>Zimbabwe</strong> poorly at number 133<br />

out of 134 countries over the past<br />

five years.<br />

The poor perception of the<br />

country has affected investment<br />

inflows over the past decade.<br />

United Nations Conference on<br />

Trade and Development statistics<br />

on inflows into the sub-region<br />

show <strong>Zimbabwe</strong> has received the<br />

least foreign direct investment<br />

(FDI) over the past five years.<br />

The country is in the throes of<br />

a stubborn economic crisis many<br />

feel was authored by the controversial<br />

election of July 31 last year<br />

which the ruling party Zanu PF<br />

won amid allegations of systematic<br />

rigging and voter disenfranchisement.<br />

Ever since, the economy<br />

has been in freefall, with the<br />

government appearing having no<br />

clue on how to intervene to stop<br />

the resurgent economic malaise.<br />

Rigging an election is not synonymous<br />

with rigging an economy.<br />

The so-called ZimAsset<br />

economic blueprint, the country’s<br />

latest in a long list of mostly<br />

unimplemented economic recovery<br />

programmes, is more of a<br />

political statement. The greatest<br />

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Abandoned factory shell ... The economy climate has deteriorated since the July 31 general elections last year.<br />

mischief currently arresting the<br />

economy is deflation, triggered<br />

by a swingeing liquidity crunch<br />

and a broke government that is<br />

Innovation, Beneficiation, Growth<br />

struggling to meet basic obligations,<br />

including paying civil servants’<br />

salaries on time.<br />

Industry has been a major<br />

casualty of the economic meltdown.<br />

Since the elections, we<br />

have witnessed more and more<br />

companies closing down due to<br />

non-availability lines of credit<br />

and stiff competition from cheap<br />

imports. It goes without saying<br />

that central to the crisis is the<br />

lack of capital. <strong>Zimbabwe</strong> needs<br />

FDI to stimulate growth, but the<br />

indigenisation and economic<br />

empowerment policy, particularly<br />

the 51% local ownership<br />

threshold that is set for amendment,<br />

has been a brake on FDI.<br />

Investors have been concerned<br />

by the lack of clarity and inconsistencies<br />

regarding the interpretation<br />

and implementation of<br />

the indigenisation policy. For the<br />

past five years, they have adopted<br />

a wait-and-see attitude. Even<br />

new projects approved by the<br />

<strong>Zimbabwe</strong> Investment Authority<br />

in the mining, agriculture,<br />

manufacturing, tourism and infrastructure<br />

sectors have failed to<br />

be consummated because of the<br />

indigenisation policy.<br />

The other problem is that indigenisation<br />

has been rolled out<br />

as a one-size-fits-all policy prescription<br />

with serious overtones<br />

of nationalisation. The opposition<br />

Movement for Democratic<br />

Change (MDC) has long warned<br />

that by pursuing a rigid indigenisation<br />

drive, the government is<br />

scaring away investors and putting<br />

a foreclosure on prospects<br />

for new capital inflows, but these<br />

alarm bells fell on deaf ears.<br />

But government has started to<br />

backtrack on its indigenisation<br />

policy. This has vindicated the<br />

MDC, which has all along called<br />

for a review.<br />

Any government that takes its<br />

people seriously should never<br />

craft policies that not only scare<br />

away investors, but also encourage<br />

the closure of industries thus<br />

throwing thousands onto the<br />

streets.<br />

Now government has signalled<br />

its intention to review its empowerment<br />

policies by adopting<br />

the so-called production-sharing<br />

model (PSM) and joint empowerment<br />

investment model (JEIM)<br />

borrowed from the Middle East.<br />

The MDC categorically rejects<br />

the purported policy shift as a<br />

case of too little too late. We see<br />

this move as mere posturing by<br />

the corrupt Zanu PF government.<br />

The MDC does not believe Zanu<br />

PF is able, or politically willing,<br />

to improve the investment<br />

climate.<br />

The question that remains is<br />

whether the 51% threshold is still<br />

in force. The government cannot<br />

provide a clear answer, which<br />

does not help solve the policy<br />

opacity.<br />

The other vexing question is:<br />

what is production sharing? Our<br />

interpretation is that it implies a<br />

100% indigenisation threshold,<br />

even worse than the current 51%.<br />

So instead of easing the indigenisation<br />

and economic empowerment<br />

policies, government is actually<br />

tightening the screws.<br />

If the 51% threshold is a foot<br />

brake on investment, the new<br />

model is an anchor. It is the<br />

last nail in the FDI coffin as it<br />

does not inspire any confidence<br />

whatsoever.<br />

What <strong>Zimbabwe</strong> needs are<br />

investor-friendly policies making<br />

it easy for investors to set up,<br />

shop and contribute to the development<br />

of the country. Investors<br />

want to control their businesses<br />

and the proposed models do not<br />

allow that.<br />

Investors do not base their decisions<br />

on explanatory notes;<br />

all they want to see is a clear<br />

and consistent policy and legal<br />

framework. Therefore, the proposed<br />

model is a damp squib. The<br />

MDC alternative cabinet calls for<br />

a holistic policy and legal review<br />

of all laws that inhibit investment,<br />

making sure that they are<br />

aligned to the new constitution.<br />

The government still has to<br />

address such issues as corruption,<br />

which has become a cancer<br />

that drives away investors. Serious<br />

anti-corruption measures<br />

need to be put in place and implemented<br />

to avoid leakages of<br />

investment as experienced over<br />

the past years.<br />

The people of <strong>Zimbabwe</strong> are<br />

eagerly waiting for jobs and economic<br />

development, which can<br />

only happen once there is a truly<br />

legitimate government with the<br />

mandate of the people. The jury<br />

is still out as to when the government<br />

will introduce serious political<br />

and economic reforms that<br />

will put the economy back on<br />

the rails, promote FDI and create<br />

jobs.<br />

ZimAsset is dead in the water<br />

because it cannot attract FDI. To<br />

boost economic recovery and<br />

<strong>Zimbabwe</strong>’s long-term growth<br />

potential, <strong>Zimbabwe</strong> needs to attract<br />

a significant amount of FDI,<br />

rebuild its image and establish<br />

itself as a viable and attractive<br />

destination.<br />

Key to achieving this goal is<br />

ensuring that the country overhauls<br />

its institutional and legal<br />

frameworks. Efforts by the Zanu<br />

PF government to hoodwink investors<br />

will come to naught until<br />

it seriously addresses the perceptions<br />

and realities around sovereign<br />

risk and security. — BD Live.<br />

Mashakada is the MDC-T’s shadow<br />

minister for industry and commerce.


14<br />

ZiMbabwe inDepenDenT june 6 To 12, <strong>2014</strong><br />

OPINION<br />

Tapiwa<br />

Mashakada<br />

MDC-T MP<br />

ZIMBABWE’s investment climate<br />

has no doubt deteriorated<br />

drastically along with the economy<br />

over the past decade. The<br />

World Bank Doing Business Report<br />

has repeatedly ranked <strong>Zimbabwe</strong><br />

158th out of 183 countries. The<br />

World Economic Forum’s global<br />

competitiveness index has rated<br />

<strong>Zimbabwe</strong> poorly at number 133<br />

out of 134 countries over the past<br />

five years.<br />

The poor perception of the<br />

country has affected investment<br />

inflows over the past decade.<br />

United Nations Conference on<br />

Trade and Development statistics<br />

on inflows into the sub-region<br />

show <strong>Zimbabwe</strong> has received the<br />

least foreign direct investment<br />

(FDI) over the past five years.<br />

The country is in the throes of<br />

a stubborn economic crisis many<br />

feel was authored by the controversial<br />

election of July 31 last year<br />

which the ruling party Zanu PF<br />

won amid allegations of systematic<br />

rigging and voter disenfranchisement.<br />

Ever since, the economy<br />

has been in freefall, with the<br />

government appearing having no<br />

clue on how to intervene to stop<br />

the resurgent economic malaise.<br />

Rigging an election is not synonymous<br />

with rigging an economy.<br />

The so-called ZimAsset<br />

economic blueprint, the country’s<br />

latest in a long list of mostly<br />

unimplemented economic recovery<br />

programmes, is more of a<br />

political statement. The greatest<br />

Economic woes: Zanu PF<br />

govt shooting in the dark<br />

Abandoned factory shell ... The economy climate has deteriorated since the July 31 general elections last year.<br />

mischief currently arresting the<br />

economy is deflation, triggered<br />

Security Growth and Profitability<br />

by a swingeing liquidity crunch<br />

and a broke government that is<br />

struggling to meet basic obligations,<br />

including paying civil servants’<br />

salaries on time.<br />

Industry has been a major<br />

casualty of the economic meltdown.<br />

since the elections, we<br />

have witnessed more and more<br />

companies closing down due to<br />

non-availability lines of credit<br />

and stiff competition from cheap<br />

imports. It goes without saying<br />

that central to the crisis is the<br />

lack of capital. <strong>Zimbabwe</strong> needs<br />

FDI to stimulate growth, but the<br />

indigenisation and economic<br />

empowerment policy, particularly<br />

the 51% local ownership<br />

threshold that is set for amendment,<br />

has been a brake on FDI.<br />

Investors have been concerned<br />

by the lack of clarity and inconsistencies<br />

regarding the interpretation<br />

and implementation of<br />

the indigenisation policy. For the<br />

past five years, they have adopted<br />

a wait-and-see attitude. Even<br />

new projects approved by the<br />

<strong>Zimbabwe</strong> Investment Authority<br />

in the mining, agriculture,<br />

manufacturing, tourism and infrastructure<br />

sectors have failed to<br />

be consummated because of the<br />

indigenisation policy.<br />

The other problem is that indigenisation<br />

has been rolled out<br />

as a one-size-fits-all policy prescription<br />

with serious overtones<br />

of nationalisation. The opposition<br />

Movement for Democratic<br />

Change (MDC) has long warned<br />

that by pursuing a rigid indigenisation<br />

drive, the government is<br />

scaring away investors and putting<br />

a foreclosure on prospects<br />

for new capital inflows, but these<br />

alarm bells fell on deaf ears.<br />

But government has started to<br />

backtrack on its indigenisation<br />

policy. This has vindicated the<br />

MDC, which has all along called<br />

for a review.<br />

Any government that takes its<br />

people seriously should never<br />

craft policies that not only scare<br />

away investors, but also encourage<br />

the closure of industries thus<br />

throwing thousands onto the<br />

streets.<br />

Now government has signalled<br />

its intention to review its empowerment<br />

policies by adopting<br />

the so-called production-sharing<br />

model (PsM) and joint empowerment<br />

investment model (JEIM)<br />

borrowed from the Middle East.<br />

The MDC categorically rejects<br />

the purported policy shift as a<br />

case of too little too late. We see<br />

this move as mere posturing by<br />

the corrupt Zanu PF government.<br />

The MDC does not believe Zanu<br />

PF is able, or politically willing,<br />

to improve the investment<br />

climate.<br />

The question that remains is<br />

whether the 51% threshold is still<br />

in force. The government cannot<br />

provide a clear answer, which<br />

does not help solve the policy<br />

opacity.<br />

The other vexing question is:<br />

what is production sharing? Our<br />

interpretation is that it implies a<br />

100% indigenisation threshold,<br />

even worse than the current 51%.<br />

so instead of easing the indigenisation<br />

and economic empowerment<br />

policies, government is actually<br />

tightening the screws.<br />

If the 51% threshold is a foot<br />

brake on investment, the new<br />

model is an anchor. It is the<br />

last nail in the FDI coffin as it<br />

does not inspire any confidence<br />

whatsoever.<br />

What <strong>Zimbabwe</strong> needs are<br />

investor-friendly policies making<br />

it easy for investors to set up,<br />

shop and contribute to the development<br />

of the country. Investors<br />

want to control their businesses<br />

and the proposed models do not<br />

allow that.<br />

Investors do not base their decisions<br />

on explanatory notes;<br />

all they want to see is a clear<br />

and consistent policy and legal<br />

framework. Therefore, the proposed<br />

model is a damp squib. The<br />

MDC alternative cabinet calls for<br />

a holistic policy and legal review<br />

of all laws that inhibit investment,<br />

making sure that they are<br />

aligned to the new constitution.<br />

The government still has to<br />

address such issues as corruption,<br />

which has become a cancer<br />

that drives away investors. serious<br />

anti-corruption measures<br />

need to be put in place and implemented<br />

to avoid leakages of<br />

investment as experienced over<br />

the past years.<br />

The people of <strong>Zimbabwe</strong> are<br />

eagerly waiting for jobs and economic<br />

development, which can<br />

only happen once there is a truly<br />

legitimate government with the<br />

mandate of the people. The jury<br />

is still out as to when the government<br />

will introduce serious political<br />

and economic reforms that<br />

will put the economy back on<br />

the rails, promote FDI and create<br />

jobs.<br />

ZimAsset is dead in the water<br />

because it cannot attract FDI. To<br />

boost economic recovery and<br />

<strong>Zimbabwe</strong>’s long-term growth<br />

potential, <strong>Zimbabwe</strong> needs to attract<br />

a significant amount of FDI,<br />

rebuild its image and establish<br />

itself as a viable and attractive<br />

destination.<br />

Key to achieving this goal is<br />

ensuring that the country overhauls<br />

its institutional and legal<br />

frameworks. Efforts by the Zanu<br />

PF government to hoodwink investors<br />

will come to naught until<br />

it seriously addresses the perceptions<br />

and realities around sovereign<br />

risk and security. — BD Live.<br />

Mashakada is the MDC-T’s shadow<br />

minister for industry and commerce.


ZiMbabwE iNdEpENdENt juNE 6 to juNE 12, <strong>2014</strong> 15<br />

opinion<br />

Recession-proof investment strategy<br />

Ray<br />

Chipendo<br />

Researcher<br />

Mixed policy signals from government<br />

have reduced economic<br />

forecasting to mere guess work.<br />

How much worse for the stock<br />

market “oracle” who has to foretell<br />

the ups and downs of the<br />

market?<br />

With contradictory statements<br />

flying from different ministries<br />

at any given point, government’s<br />

economic game plan remains a<br />

mystery. The long-term investor<br />

will tell us that he is more comfortable<br />

with “definite unfavourable<br />

news” than “favourable but<br />

uncertain statements”.<br />

To a greater extent our policy<br />

uncertainty explains why terrorist-tormented<br />

countries such as<br />

Nigeria and Kenya remain investment<br />

favourites over a peaceful<br />

country like <strong>Zimbabwe</strong> where<br />

policy is unfortunately fickle.<br />

But for now, investor-friendly<br />

statements coming from Harare<br />

have been a positive breath in a<br />

gloomy atmosphere.<br />

information minister Jonathan<br />

Moyo’s announcement on toning<br />

down the indigenisation policy is<br />

certainly helping to calm down<br />

a lot of nerves — so do remarks<br />

by both Finance minister Patrick<br />

Chinamasa and RBZ governor<br />

John Mangudya stressing the need<br />

to create investor confidence. But<br />

as with many glossy messages<br />

from government — deep-pocketed<br />

investors will only be swayed<br />

by action than words.<br />

if de-industrialisation continues,<br />

the new RBZ governor has<br />

warned that chances of an economic<br />

contraction in 2015 are<br />

likely. With de-industrialisation<br />

not showing any signs of slowing,<br />

what does it mean for the stock<br />

market investor?<br />

does he have to exit his positions<br />

— more so in light of a market<br />

that has taken a 15% cut since<br />

beginning of the year?<br />

The decline in the market has<br />

created what others view as “value<br />

opportunities”. But, with falling<br />

earnings being reported every<br />

other week, chances of the recent<br />

market fall turning into one bottomless<br />

hole are not unreasonable<br />

to imagine. Low valuations might<br />

turn out to be value traps. We imagine<br />

this must be the dilemma<br />

that bargain and value hunters<br />

face.<br />

But we don’t believe such a<br />

dilemma is necessary or should<br />

be the case. in light of a looming<br />

economic slowdown, we understand<br />

that an investor not only<br />

needs an undervalued stock, but<br />

a company that can go through<br />

an economic furnace and come<br />

out unscathed — a recession proof<br />

company.<br />

Out of 66 listed stocks, there<br />

are two companies we believe can<br />

grow and preserve an investor’s<br />

capital through a recession. Our<br />

two super-stock picks are Padenga<br />

Holdings and Seed Co.<br />

Here is why we think the two<br />

befit our “super-stock” status:<br />

Consumer staples<br />

during times of falling income,<br />

consumer staples are the very last<br />

items that consumers would remove<br />

from their budget.<br />

in a country where the majority<br />

lives in rural areas and survives<br />

RBZ Governor John Mangudya<br />

on subsistence farming, packs<br />

of maize and sorghum seeds are<br />

the difference between life and<br />

starvation. At a time where pasta<br />

and rice become expensive, the<br />

masses will switch to maize meal.<br />

Should the economy deteriorate<br />

further into a recession, demand<br />

for Seed Co’s seed packs will likely<br />

remain strong.<br />

Complement government<br />

government’s policy puts agriculture<br />

at the centre of the country’s<br />

economic success.<br />

Small farmers’ efforts to increase<br />

yields by using better seed<br />

varieties will always receive government’s<br />

support. government<br />

is likely to step up such support<br />

during harsh economic times<br />

when grain production by small<br />

farmers becomes vital for survival.<br />

As key participants in the<br />

agriculture sector, Seed Co and<br />

Padenga will always benefit from<br />

the prioritisation of farming in<br />

<strong>Zimbabwe</strong>.<br />

Export market leverage<br />

Approximately more than 95%<br />

of Padenga’s crocodile skins and<br />

meat find their way into foreign<br />

markets. its export dependency<br />

will mean that sluggish local economic<br />

growth will have negligible<br />

effect on the company’s revenue.<br />

Seed Co’s African footprint<br />

spanning 15 African countries including<br />

Malawi, Botswana, Tanzania,<br />

Zambia and recently Nigeria<br />

and ethiopia help leverage local<br />

sales. Approximately 60% of the<br />

group’s revenue is now attributed<br />

to exports and foreign operations.<br />

With only 40% of the group’s<br />

sales exposed to a possible economic<br />

slowdown in <strong>Zimbabwe</strong>,<br />

the company is expected to continue<br />

faring well.<br />

Ready access to capital<br />

Ready access to capital for growing<br />

businesses is a must — more<br />

so in an environment reeling from<br />

a liquidity squeeze. Many of the<br />

companies closing shop today<br />

are businesses weighed down by<br />

highly leveraged balance sheets.<br />

Our super-stocks have access<br />

to alternative sources of capital<br />

should local capital markets dry<br />

up. Padenga has an impeccable<br />

international reputation and<br />

is one of few crocodile farms in<br />

Africa that tanneries or fashion<br />

houses would see as an ideal target<br />

of vertical integration to secure<br />

quality skins.<br />

Never mind the US operation<br />

which could also be used as a conduit<br />

for capital raising, if need be.<br />

Seed Co is letting go a 25% stake<br />

to a French international seed<br />

company, Vilmorin & Cie S A. The<br />

French company which views<br />

Seed Co as the platform to further<br />

its involvement in Africa will be<br />

prepared to inject more capital in<br />

Seed Co should an opportunity to<br />

increase its stake.<br />

Cheap!<br />

Towards the end of April we<br />

shared our views on the attractiveness<br />

of Padenga stock. Since<br />

then the stock has gone up by<br />

25%.<br />

We believe the stock still remains<br />

a good buy. Seed Co’s<br />

share has struggled in the last five<br />

months, falling by 27%. The price<br />

discount should prompt an investor’s<br />

attention. An exposure to<br />

expanding West and east African<br />

markets supported by a leading<br />

seed research company Vilmorin<br />

& Cie SA sets Seed Co on a growth<br />

trajectory.<br />

Our two “super-stocks” will<br />

be our best bet for retaining value<br />

and maintaining growth in the<br />

event of insistent liquidity constraints<br />

and economic contraction.<br />

But, should the doom fail to<br />

loom and the economy picks up,<br />

Padenga and Seed Co are still two<br />

great growth stories that stand to<br />

surpass their ZSe peers performance-wise.<br />

Whichever path<br />

the economy takes, by investing<br />

in these two companies its heads<br />

you win — tails you win.<br />

Ray Chipendo is the Research Lead at<br />

Emergent Capital Management, an investment<br />

management and research<br />

firm focused on <strong>Zimbabwe</strong>. Ray can<br />

be reached on email: rayc@emergentcapital.co.za;<br />

twitter: @ray_chipendo;<br />

blog: emergentresearch.wordpress.<br />

com<br />

Colls<br />

Ndlovu<br />

Financial analyst<br />

THe recent addition of the Chinese<br />

currency, among others,<br />

into <strong>Zimbabwe</strong>’s multicurrency<br />

system (which the new RBZ governor<br />

John Mangudya has already<br />

branded as being sin qua non to<br />

the <strong>Zimbabwe</strong> economy revival)<br />

would have raised eyebrows within<br />

the global financial markets in<br />

general, and the <strong>Zimbabwe</strong>’s financial<br />

sector in particular.<br />

Admittedly, the Chinese currency<br />

is not for the faint-hearted,<br />

for it has its own bespoke features<br />

which can befuddle a credulous<br />

investor. The ongoing confusion<br />

among currency experts and investors<br />

alike, relating to the complexity<br />

and opacity of the Chinese<br />

currency markets, bears testimony<br />

to the foregoing.<br />

Notwithstanding its perceived<br />

or misperceived new status as a<br />

global financial power and a leading<br />

member of the so-called Brics<br />

(Brazil, Russia, india, China and<br />

South Africa) group of countries,<br />

it is noteworthy that investments<br />

into the Chinese currency markets<br />

are still subject to an array of<br />

technicalities.<br />

These entail tight and stifling<br />

regulatory controls, special agreements,<br />

restrictions, quotas, and a<br />

plethora of other hurdles relating<br />

to the convertibility of the currency,<br />

acceptability of the currency,<br />

liquidity, and challenges faced by<br />

financial clearing houses, among<br />

other factors.<br />

Against this background, simple<br />

questions posed by villagers generally<br />

beg for answers: what is the<br />

Chinese currency? is it a renminbi<br />

or yuan or CNH? What is its true<br />

Multicurrencies: Impact<br />

of the Chinese renminbi<br />

Yuan Notes . . . Ordinary local citizens are yet to understand about the value of the Chinese currency<br />

value? is it marked-to-market?<br />

is its value determined by market<br />

forces?, or, is its value determined<br />

by the Chinese Communist Party<br />

or an opaque coterie of politburo<br />

members?<br />

These and related questions will<br />

continue to be posed by ordinary<br />

villagers out there. Although China’s<br />

vigorous intensification of the<br />

drive towards internationalisation<br />

of its currency is now well-established,<br />

there still remains (within<br />

China) a communist inspired propensity<br />

to continue tightly controlling<br />

the very same currency,<br />

thereby diminishing any gains<br />

accruing from the globalisation of<br />

the renminbi.<br />

As usual, whenever discussions<br />

of the Chinese currency occur,<br />

there is always confusion as to<br />

what are the real dynamics of this<br />

opaque but benign currency.<br />

Firstly, there are three issues<br />

about the Chinese currency, the<br />

renminbi, yuan (CNY) and the<br />

yuan (CNH). The question which<br />

arises is: what are the key differences<br />

between and within these<br />

three?<br />

To answer these and related<br />

questions, one needs to analyse<br />

the relationship between the<br />

renmnibi, the renminbi (CNY)<br />

and the renminbi (CNH).<br />

China’s currency is officially<br />

called the renminbi. The renminbi<br />

occurs in two forms; as CNY (what<br />

is commonly known as the Yuan),<br />

and as CNH with “H” denoting<br />

Hong Kong.<br />

Parenthetically, the renminbi,<br />

is thus the name for the currency<br />

traded onshore (within mainland<br />

China) and offshore (originally<br />

through Hong Kong, but now even<br />

in <strong>Zimbabwe</strong>).<br />

There exists a separation between<br />

these two markets. if the<br />

renminbi is traded onshore (in<br />

mainland China), it is referred to<br />

as CNY, whereas if the renminbi is<br />

traded offshore (eg in <strong>Zimbabwe</strong>)<br />

it trades as CNH. Thus, while the<br />

renminbi is just one currency, it<br />

trades at two different exchange<br />

rates, depending on the location of<br />

where the trade occurs, ie mainland<br />

(in Beijing) or offshore (eg in<br />

<strong>Zimbabwe</strong>).<br />

it is worth mentioning that the<br />

renminbi (CNY or CNH) in its capacity<br />

as the Chinese medium<br />

of exchange and a store of value,<br />

carries the full might, faith and<br />

credit of the Chinese government.<br />

The difference being just the location<br />

of where the trade takes place<br />

as highlighted above (onshore or<br />

off-shore).<br />

An analysis of the two forms of<br />

the renmibi and how they simultaneously<br />

trade against the US<br />

dollar reveals that the CNY and<br />

the CNH are almost perfectly correlated<br />

relative to the US dollar.<br />

However, notwithstanding the<br />

high degree of correlation between<br />

the CNY and the CNH, the<br />

CNY has generally been slightly<br />

weaker (by insignificant points)<br />

than the CNH relative to the US<br />

dollar.<br />

The minor difference (relative<br />

to the US dollar) between these<br />

two currencies (CNY–CNH) is<br />

generally reflective of the liquidity<br />

conditions between the onshore<br />

and offshore markets with<br />

the offshore-traded CNH showing<br />

strength derived from its more<br />

liquid offshore market.<br />

Therefore, the fact of the matter<br />

is that the Chinese renminbi<br />

is an emerging currency whose<br />

government seeks to intensify the<br />

process of its internationalisation<br />

and possibly have it as a future reserve<br />

currency (akin to the role of<br />

the US dollar), and, consequently<br />

notwithstanding the teething problems<br />

associated with its globalisation,<br />

the renminbi must be embraced<br />

and used as part and parcel<br />

of <strong>Zimbabwe</strong>’s fledging multicurrency<br />

system.<br />

Colls Ndlovu is an <strong>independent</strong> financial<br />

analyst and he writes in his<br />

personal capacity.


16<br />

ZIMBABWE INDEPENDENT JUNE 6 TO 12, <strong>2014</strong>


ZIMBABWE INDEPENDENT JUNE 6 TO 12, <strong>2014</strong> 17<br />

COLUMN<br />

India could pass China in economic power<br />

SOON after winning an absolute majority<br />

in the Indian parliamentary elections,<br />

prime minister-elect Narendra Modi<br />

promised “to make the 21st century India’s<br />

century.” If he can avoid tripping over his<br />

own ideology, he might just succeed.<br />

“India’s century” is a misleading phrase,<br />

of course, because no country gets to own a<br />

whole century.<br />

It wasn’t ever really going to be “China’s<br />

century” either, although China is a huge<br />

country with an economy that has grown<br />

amazingly fast over the past three decades.<br />

What Modi meant was that India, the other<br />

huge Asian country, may soon take China’s<br />

place as the fastest growing large economy<br />

— and it might even surpass China economically,<br />

in the end.<br />

At first glance this seems unlikely. India’s<br />

gross domestic product is currently<br />

less than a quarter of China’s, although the<br />

two countries are quite close in population<br />

(China at 1,36 billion and India at 1,29 billion).<br />

Moreover, the Chinese economy’s<br />

growth rate last year, although well down<br />

from its peak years, was still 7,7%, while<br />

India’s grew at only 4,4%.<br />

But China’s growth rate is bound to fall<br />

further for purely demographic reasons.<br />

Due partly to three decades of the onechild-per-family<br />

policy, the size of its<br />

workforce is already starting to decline.<br />

Total population (and hence total domestic<br />

demand) will also start to shrink within<br />

five years. And this doesn’t even take into<br />

account the high probability of a financial<br />

crash and a long, deep recession in China.<br />

India’s growth rate has also fallen in recent<br />

years, but for reasons like corruption,<br />

excessive regulation and inadequate infrastructure,<br />

which are a lot easier to fix. And<br />

the reason that Narendra Modi’s Bharatiya<br />

Janata Party (BJP) won by a landslide was<br />

iNDIAN Prime minister Narendra Modi<br />

precisely that voters thought he would be<br />

better at overcoming these obstacles to<br />

growth than the worn-out and deeply corrupt<br />

Congress Party.<br />

Modi did not win because a majority of<br />

Indians want to pursue divisive sectarian<br />

battles that pit Hindus against India’s many<br />

minorities, and especially against Muslims.<br />

That has always been part of the BJP’s appeal<br />

to its core voters, but its new voters<br />

were attracted by Modi’s reputation as the<br />

man who brought rapid development to<br />

the state of Gujarat, which he has ruled for<br />

the past 13 years. They want him to do the<br />

same thing nationally.<br />

The BJP’s absolute majority in parliament<br />

means that Modi will not be constrained<br />

by coalition allies like previous<br />

BJP governments were. This could lead to a<br />

leap in the Indian growth rate if he uses his<br />

power to sweep aside the regulations and<br />

bureaucratic roadblocks that hamper trade<br />

and investment in India.<br />

Modi also has a golden opportunity to<br />

crush the corruption that imposes a huge<br />

invisible tax on every enterprise in the<br />

country. Unfortunately, his extraordinary<br />

political freedom also means that he will<br />

find it hard to resist the kind of sectarian<br />

(anti-Muslim) measures that the militants<br />

in his own party expect. He cannot use the<br />

need to keep his coalition allies happy as<br />

an excuse for not going down that road.<br />

Nobody knows which way he’ll jump, but<br />

it might be the right way.<br />

What might that mean over the next<br />

decade? It could mean a politically stable<br />

India with a growth rate back up around<br />

World View<br />

GWYNNE DYER<br />

seven or eight percent — and a China destabilised<br />

by a severe recession and political<br />

protests with a growth rate down around<br />

four per cent.<br />

While neither political stability in India<br />

nor political chaos in China are guaranteed<br />

in the longer run, by 2025 the demography<br />

will have taken over with a vengeance.<br />

China’s population will be in decline, and<br />

the number of young people entering the<br />

workforce annually will be down by 20%<br />

and still falling.<br />

India’s population will still be growing,<br />

as will the number of young people entering<br />

the job market each year.<br />

That will give India a three or four per<br />

cent advantage in economic growth regardless<br />

of what happens on the political<br />

front. In the long run both countries may<br />

come to see their massive populations as a<br />

problem, but in the medium term it looks<br />

increasingly likely that India will catch up<br />

with and even overtake China in economic<br />

power.<br />

Dyer is a London-based freelance journalist.


18<br />

africa/international<br />

<strong>Zimbabwe</strong> <strong>independent</strong> june 6 to 12, <strong>2014</strong><br />

UN condemns S Sudan bloodshed<br />

UN Secretary-General Ban Ki-moon on<br />

Wednesday condemned the continued<br />

bloodshed in South Sudan in violation of<br />

two ceasefire agreements and urged both<br />

sides in the conflict to halt all military operations<br />

in keeping with previous pledges.<br />

The remarks came in a readout of a telephone<br />

conversation Ban had on Wednesday<br />

with South Sudan’s President Salva<br />

Kiir.<br />

“He (Ban) expressed his grave concern<br />

that hostilities have continued in violation<br />

of the January 23 Agreement on the Cessation<br />

of Hostilities and the May 9 Agreement<br />

between President Kiir and former<br />

Vice-President Riek Machar to resolve the<br />

crisis in South Sudan,” the UN press office<br />

said.<br />

“He stressed the need for both parties<br />

to abide by these agreements and end all<br />

military operations immediately,” it said,<br />

noting that Ban urged Kiir and Machar to<br />

meet on <strong>June</strong> 9.<br />

UN claims South Sudan can avoid poverty if the shaky ceasefire holds<br />

The United Nations has already said that<br />

maintaining a ceasefire was crucial for efforts<br />

to alleviate the worsening humanitarian<br />

crisis in the world’s youngest country.<br />

Fighting has killed thousands of people<br />

and driven more than 1,3 million from<br />

their homes.<br />

Government forces and rebels, who<br />

have been fighting since mid-December,<br />

agreed a second ceasefire deal in May after<br />

the first one in January collapsed.<br />

South Sudan’s army spokesperson reported<br />

more clashes this week in Unity<br />

and Upper Nile states, oil producing areas<br />

that have been flashpoints in the conflict.<br />

A senior UN official said South Sudan<br />

can only avoid famine if the shaky ceasefire<br />

holds and people displaced by more<br />

than five months of fighting are able to return<br />

home in the next few weeks to plant<br />

crops before the rains.<br />

Tens of thousands of civilians have<br />

been seeking protection for months at UN<br />

peacekeeping bases around the country.<br />

The crisis has stretched the capacity of<br />

the blue-helmeted forces, who were originally<br />

deployed to help the government<br />

stabilise the country after it acquired independence<br />

from Sudan in 2011. — Reuters<br />

Security Growth and Profitability<br />

th<br />

th<br />

Notice is hereby given that the 16 Annual General Meeting (AGM) of members of Zimre Holdings Limited (ZHL) will be held in the NICOZDIAMOND Auditorium, 7 Floor<br />

Insurance Centre, 30 Samora Machel Avenue, Harare on Monday, 30 <strong>June</strong> <strong>2014</strong> at 1230 hours, to consider the following business:<br />

ORDINARY BUSINESS<br />

1. To receive, consider and adopt the audited annual financial statements together with the reports of the Directors and Auditors for the year ended 31 December 2013.<br />

2. To elect Directors of the company.<br />

In terms of Article 75 of the Articles of Association of the Company, Messrs Ignatius Mvere,<br />

Rongai Chizema and Selby Vunganai Hwacha retire by rotation and being<br />

eligible, offer themselves for re- election.<br />

3. To approve the remuneration of the Directors.<br />

4. To approve the remuneration of the Auditors for the past year.<br />

5. To appoint Auditors for the current year. BDO <strong>Zimbabwe</strong>, being eligible,<br />

offer themselves for re-appointment.<br />

6. To transact all such other business as may be transacted at an Annual General Meeting.<br />

SPECIAL BUSINESS<br />

To consider and if deemed fit, to pass, with or without modification, the following resolution:-<br />

As a Special Resolution<br />

“That the Directors be and are hereby authorised in terms of Article 28 (f) of the Company's Articles of Association and subject to Sections 78 and 79 of the Companies Act (Chapter<br />

24:03) to purchase the company's own shares subject to the following:<br />

(a)<br />

(b)<br />

(c)<br />

(d)<br />

(e)<br />

Directors' Statement<br />

That the purchase price shall not be lower than the nominal value of the company's shares and not greater than 5% or 5% below the weighted average of the trading<br />

price for the ordinary shares traded for the five (5) business days immediately preceding the date of the repurchase of such shares of the Company.<br />

The maximum number of shares that may be acquired shall not exceed 10% (ten percent) of the company's issued ordinary share capital.<br />

That this authority shall expire on the date of the next Annual General Meeting of the Company and shall not extend beyond 15 (fifteen) months from the date of the<br />

resolution.<br />

That the shares repurchased may be held for treasury purposes or cancelled as may be decided by the Board of Directors from time to time.<br />

That a Capital Redemption Reserve Fund appropriated out of the reserves standing from time to time in the books of the Company be created.”<br />

The Directors, in considering the effect of the above purchase, have reviewed the Company's budget and cashflow forecast for the period of twelve months after<br />

date of notice convening the Annual General Meeting. On the basis of this review, the Directors are satisfied that:<br />

The Company is in a strong financial position and will, in the ordinary course of business, be able to pay its debts for the period of twelve (12) months<br />

after the Annual General Meeting;<br />

The assets of the Company will be in excess of its liabilities for a period of twelve (12) months after the Annual General Meeting;<br />

The ordinary capital and reserves of the Company will be adequate for a period of twelve (12) months after the Annual General Meeting, and<br />

The working capital will be adequate for a period of twelve (12) months after the Annual General Meeting.<br />

NOTE<br />

A member entitled to attend and vote at the meeting is also entitled to appoint a proxy to attend, vote and speak on his behalf. A proxy need not be a member of the<br />

Company. Proxy forms must be lodged with the registered office of the Company at least forty-eight hours before commencement of the meeting.<br />

By order of the Board<br />

S Mhlanga<br />

Company Secretary<br />

2 <strong>June</strong> <strong>2014</strong><br />

NOTICE OF AN ANNUAL GENERAL MEETING<br />

Registered Office<br />

th<br />

9 Floor, Zimre Centre<br />

Cnr Leopold Takawira/Kwame Nkrumah Ave<br />

HARARE<br />

<strong>Zimbabwe</strong><br />

Mixed feelings over<br />

release of detainees<br />

GUANTAMO Bay detainees have long been considered<br />

America’s most dangerous enemies.<br />

So what happens when they walk free — like<br />

the five detainees swapped for US Army Sgt Bowe<br />

Bergdahl? Do they return to terror activities or<br />

transition to quiet, private lives away from the<br />

mayhem? Well, it’s a mixture of both.<br />

How dangerous is this swap?<br />

Mathematically, it’s not an even swap. But President<br />

Barack Obama’s administration maintains<br />

it’s not a risky move for the US.<br />

The five detainees have been at Guantanamo<br />

Bay in Cuba for years, and out of commission for<br />

a long time. They probably don’t have extensive<br />

networks to tap into, according to two senior US<br />

officials. Additionally, there will be fewer US<br />

forces to target in Afghanistan since under a new<br />

agreement, most troops will be out of the nation<br />

next year.<br />

Qatar has also reassured the US that it will aggressively<br />

monitor the detainees, who will be under<br />

a travel ban for one year.<br />

How many returned to terrorism?<br />

At its peak, Guantanamo Bay had 770 men believed<br />

by the US government to be involved in<br />

terrorist activity or military attacks.<br />

That number has dwindled significantly. As of<br />

last month, the facility had 154 detainees.<br />

A September 2013 report from the director of<br />

national intelligence reflected on what happened<br />

to the roughly 600 people who left Gitmo between<br />

its opening in 2002 and July 2013.<br />

Of those, 100 — or 16,6% of the released prisoners<br />

— were “confirmed” to have returned “to<br />

terrorist activities.” Seventeen of those died,<br />

while 27 ended up in custody, according to the<br />

DNI report. An additional 70 are “suspected of<br />

reengaging,” it said.<br />

“Based on trends identified during the past<br />

10 years, we assess that if additional detainees<br />

are transferred without conditions . . . some will<br />

reengage in terrorist or insurgent activities,” the<br />

report said.<br />

Does the US keep an eye?<br />

While the former prisoners are no longer under<br />

its control, Washington says it keeps track of<br />

them, which is the basis of the DNI report.<br />

During President George W. Bush’s administration,<br />

some were handed over to authorities in<br />

other countries. Dozens more were released under<br />

Obama.<br />

Are US interests more at risk?<br />

There are a lot of variables, making this a debatable<br />

question. Except for those accused or convicted<br />

of the most heinous crimes such as murder,<br />

most people are not detained indefinitely.<br />

And studies show the recidivism rate for those<br />

in the US legal system typically top 50% or even<br />

60%, according to the Bureau of Justice Statistics.<br />

Armed with that knowledge, the idea of a Gitmo<br />

detainee returning to his previous ways may not<br />

be surprising. It also depends on where they go<br />

from there.<br />

In other words, a detainee who returns to a<br />

place beset by violence — where terrorist groups<br />

and attacks are common — is more likely to return<br />

to the fold. — CNN


<strong>Zimbabwe</strong> <strong>independent</strong> JUne 6 to 12, <strong>2014</strong> 19<br />

sports news<br />

Fouling key<br />

to Brazil’s<br />

Cup hopes?<br />

A FASCINATING piece of data emerged<br />

from the Confederations Cup — the player<br />

who committed the most fouls in the tournament<br />

was Brazil striker Neymar.<br />

The 22-year-old — also the most fouled<br />

player — committed 17 infringements during<br />

the 2013 competition, closely followed<br />

by team-mate Oscar (14).<br />

That Neymar was the most fouled player<br />

will come as no surprise, for two reasons.<br />

Neymar, who joined Barcelona from Santos<br />

last summer for £48,6m, is a wonderfully<br />

talented dribbler, superbly balanced and<br />

capable of changing direction at pace. On<br />

form, he is a defender© s nightmare.<br />

His relatively frail build means he can be<br />

knocked over, and his delivery from freekicks<br />

gives him a strong incentive to go to<br />

ground when in striking distance of goal.<br />

Sometimes kicking him seems to be the<br />

only way to stop him, and sometimes he<br />

is only too happy to draw the foul.<br />

Attacking talent<br />

The first statistic, however, might raise a<br />

few eyebrows. Few would expect two of<br />

Brazil© s attacking talents to be at the top of<br />

this list.<br />

On reflection, though, it is not hard to<br />

understand — and the explanation goes<br />

right to the heart of Brazil’s challenge to<br />

win the <strong>2014</strong> World Cup.<br />

Changes in both personnel and style<br />

of play since the last finals<br />

mean that the Brazilian<br />

side appear to be<br />

adopting a return to tacti- cal<br />

fouling, infringements which break down<br />

an attack by a team’s opponents, and it is<br />

forwards like Neymar who are the first line<br />

of defence.<br />

After their quarter-final elimination by<br />

the Netherlands in South Africa four years<br />

ago, Dunga was sacked as national team<br />

coach and replaced by Mano Menezes. Relatively<br />

inexperienced, Menezes had to preside<br />

over two important changes.<br />

Firstly, he had to rebuild the side. Brazil<br />

had taken an ageing squad to South Africa<br />

and Menezes had to identity and nurture<br />

the likes of Neymar and Oscar.<br />

Counter-attack<br />

He also had to oversee a change of style.<br />

The problem was confronted in his very<br />

first news conference. Brazil had become<br />

over-dependent on the counter-attack.<br />

Fernando<br />

Alonso<br />

They did not know how to play against<br />

opponents who sat back and denied them<br />

the space to launch their favourite weapon.<br />

More than 14 000 Brazil fans signed a petition<br />

demanding that Neymar be called up<br />

for the 2010 World Cup finals after he was<br />

not named in then head coach Dunga’s<br />

squad. They were unsuccessful.<br />

Concern at this defect was all the greater<br />

because Brazil would be playing the<br />

next World Cup at home, where they were<br />

bound to meet cautious opponents.<br />

In many of his training sessions, Menezes<br />

worked at getting the team to press high in<br />

the opponent’s half. This has rarely been<br />

part of the Brazilian make-up.<br />

The great 1970 side, for example,<br />

concentrated on bringing everyone<br />

bar centre-forward<br />

Tostao behind the line of the<br />

ball when they lost possession.<br />

One of the reasons<br />

that right winger Jairzinho<br />

was so successful in that<br />

tournament was that this<br />

created plenty of space into<br />

which he could burst and latch<br />

on to the magnificent long-range<br />

passing of Gerson.<br />

When Luiz Felipe Scolari was<br />

recalled to replace Menezes at<br />

the end of 2012, some important<br />

changes were made.<br />

Straight away, a<br />

target man centre-forward<br />

was<br />

brought back into<br />

the team — this soon turned<br />

out to be Fred.<br />

Fernado Alonso hungry for third title<br />

FeRRARI’s<br />

Fernando<br />

Alonso says<br />

he does not<br />

want to retire<br />

from Formula<br />

1 until he<br />

has won a third<br />

world title.<br />

He was second<br />

to<br />

Red Bull’s Sebastian Vettel in three of<br />

the past four seasons but has little hope<br />

of stopping Mercedes this year.<br />

Alonso (32) told BBC Sport: “We are<br />

still hungry for success, waiting for our<br />

opportunity to become champion.<br />

“This is the main goal and you don’t<br />

think of retiring until you get some<br />

satisfaction.”<br />

The Spaniard, who won backto-back<br />

titles with Renault in<br />

2005 and 2006, believes winning<br />

a third championship is an important<br />

landmark in defining a<br />

driver’s legacy.<br />

“It is something I am working<br />

for and hoping for,” he said ahead<br />

of Sunday© s Canadian Grand Prix.<br />

“It is not that I’m not happy<br />

with two but the third puts you in<br />

a list of very important names.”<br />

A third title would bring Alonso level<br />

with Ayrton Senna, his boyhood hero,<br />

among others.<br />

Neymar of Brazil scored the opening goal during Wednesday night’s Fifa Confederations Cup<br />

Brazil 2013 Group A match between the hosts and Mexico at Castelao in Fortaleza. Brazil won<br />

the match 2-0 after Neymar set Jo for the second.<br />

Tactical fouling<br />

And the jigsaw started to fit together when<br />

a holding midfielder, Luiz Gustavo, was introduced,<br />

protecting the space in front of<br />

the centre-backs.<br />

Otherwise, though, there were few<br />

changes in personnel. Scolari kept faith<br />

with the men Menezes had been blooding.<br />

He also retained the tactic of occasionally<br />

pressing high in the opponent’s half. But he<br />

was worried about it as it meant his team<br />

were leaving lots of space behind them.<br />

It is important to stress here that former<br />

Chelsea boss Scolari made his name in the<br />

1990s — a time when Brazilian football was<br />

dominated by tactical fouling. Some believed<br />

that the team that fouled most intelligently<br />

would win the game.<br />

A foul, some argued, was covered by the<br />

rules, meaning that it was a resource of the<br />

game to be used at opportune moments.<br />

Luiz Felipe Scolari guided his team to victory<br />

at the Confederations Cup last year.<br />

Line of defence<br />

In 1999, Scolari said “well played, normal<br />

football in certain situations obliges a player<br />

to commit a foul — a push, some shirt pulling,<br />

use of the shoulder, fouls that don’t<br />

Asked how long he can continue at<br />

the highest level, Alonso said: “I think<br />

I can carry on long enough to win and<br />

to be competitive for some good years.<br />

I don’t know how many — three, five,<br />

seven. I don’t think it should be any<br />

problem.”<br />

He added it would depend on how<br />

long he continued to enjoy the sport,<br />

but said he was not a fan of certain aspects<br />

of F1 this year.<br />

“The new F1 cars are heavier, slower,<br />

difficult to understand what the car is<br />

doing, you cannot push all through the<br />

race,” he said. “You push two laps and<br />

then you save tyres until the next stop.<br />

Sometimes you don’t even push. This is<br />

not something racing drivers like to do.<br />

“It is not a problem of how long you<br />

can keep this level, it’s a problem of<br />

how much fun I will have driving those<br />

cars in the future.”<br />

Alonso and Ferrari missed out on<br />

the title in both 2010 and 2012, having<br />

give the opponents the chance to organise<br />

an attack”.<br />

In the current context, this means that<br />

when Brazil lose possession, the likes of<br />

Neymar and Oscar (or Willian, who is doing<br />

well in training) have to take on the responsibility<br />

of being the first line of defence.<br />

Part of their role is to slow down or halt<br />

the opposing counter-attack — preferably<br />

by winning the ball close to goal. But if their<br />

attempts to win possession end in a foul, so<br />

be it. — BBC Sport<br />

taken the battle to the last race despite<br />

inferior equipment to Vettel.<br />

In <strong>2014</strong>, Ferrari have produced an<br />

uncompetitive car, which has achieved<br />

just one podium finish at China in six<br />

races this season.<br />

But Alonso denied he was frustrated<br />

with the team© s lack of performance.<br />

“I’m just hungry to win,” he said. “At<br />

the moment, we are so far away. That it<br />

is not frustration, it is just we need to do<br />

better.”<br />

Alonso said claims he and Ferrari<br />

president Luca Di Montezemolo had a<br />

difficult relationship were inaccurate.<br />

“When it is a race weekend, we talk<br />

three times. Sometimes I talk more<br />

with him than with my family. There<br />

are zero problems.”<br />

Alonso, who is contracted to Ferrari<br />

until the end of 2016, insisted he still<br />

had faith that the team could produce<br />

the car he needs to win the title. — BBC<br />

Sport


20<br />

<strong>Zimbabwe</strong> <strong>independent</strong> JUne 6 tO 12, <strong>2014</strong><br />

<strong>Zimbabwe</strong><br />

sport<br />

<strong>independent</strong><br />

9<br />

ISSN 1564 - 0698<br />

7 7 1 5 6 4 0 6 9 0 0 0<br />

SOCCER<br />

Fouling key to<br />

Brazil’s World Cup<br />

hopes?/ Page 19<br />

Chippa land Chipeta<br />

CHippa United of South africa have completed the signing of <strong>Zimbabwe</strong>an<br />

defender eric Chipeta, while they have confirmed interest in Zambian<br />

striker Christopher Katongo.<br />

Chipeta — who stood firm for the warriors in central defence during<br />

the CHan finals earlier this year — currently turns out for Hwange. —<br />

Lovemore moyo.<br />

Mahachi,<br />

Chigova’<br />

in costly<br />

SA moves<br />

George Chigova<br />

Kevin Mapasure<br />

Warriors’ attacker Kuda Mahachi and<br />

goalkeeper George Chigova failed to seize the<br />

moment after the Chan tournament last year<br />

by breaking into Europe when they hastily<br />

signed contracts with south african topflight<br />

clubs.<br />

Both could have tried their luck at major<br />

European leagues after a spanish La<br />

Liga side expressed interest in giving Mahachi<br />

a trial stint, while Chigova would<br />

have travelled to France for trials with<br />

League 1 side Lille this month.<br />

But despite attracting such interest<br />

Mahachi opted to sign for sundowns<br />

while Chigova moved to supersport<br />

United.<br />

Mahachi has been linked with a<br />

trial stint with French side Monaco,<br />

but nothing has materialised yet.<br />

a local player agent this week revealed<br />

the two players made hasty<br />

decisions and lacked patience and<br />

ambition.<br />

“These are both young players who<br />

could have gone to Europe for trials,”<br />

said the agent. “Even if you go there<br />

and fail to make the grade that experience<br />

is invaluable; you will obviously<br />

learn something. Kuda could have gone<br />

to sevilla and even if he were to fail, there<br />

would be other clubs watching. it’s a big<br />

waste for some of the good local talent to go<br />

to south africa. Players are desperate to go<br />

down there but south africa must be the<br />

last option.”<br />

only a handful of players have made<br />

it to Europe from the local league in<br />

recent years with archford Gutu in<br />

sweden, ovidy Karuru (Belgium),<br />

Quincy antipas and silas songani<br />

in Denmark among the few.<br />

Knowledge Musona still has a<br />

running contract with Bundesliga<br />

side TG Hoffenheim who are<br />

listening to offers for the striker<br />

who spent a year in south africa<br />

despite interest from European<br />

leagues.<br />

Musona is likely to return to Kaizer Chiefs.<br />

The comforts of the south african topflight<br />

league have sucked out the ambition<br />

from <strong>Zimbabwe</strong>an players with most talent<br />

wasting away in the rich but poor quality<br />

league.<br />

Hordes of players are going down south to<br />

sign for whatever is offered to them so that<br />

they can escape poverty in the local league,<br />

with most <strong>Zimbabwe</strong>an teams struggling for<br />

basics.<br />

Championship chasing Highlanders could<br />

lose at least five players this month to south<br />

africa with goalkeeper ariel sibanda set to<br />

leave for trials at Bloemfontein Celtic, while<br />

Munyaradzi Diya is set for a move to Mpumalanga<br />

Black aces.<br />

Milton Ncube has already signed for ajax<br />

Cape Town while Peter rio Moyo is lining up a<br />

move to Mpumalanga.<br />

Kuda Mahachi will link up with his parent<br />

club sundowns after a loan stint at<br />

Highlanders.<br />

as the inquest into the Warriors debacle in<br />

the afcon qualifiers against Tanzania continues,<br />

some football experts have averred that<br />

the wasting of talent in south africa could be<br />

a key factor in failure at international level.<br />

“our young talented players are no longer<br />

thinking beyond south africa, they are content<br />

with signing contracts that tie them down<br />

to those teams while not realising the benefits<br />

their talent warrants,” said the agent. “on the<br />

other hand you can understand the players<br />

because locally, football is not paying and it is<br />

difficult to make a proper living out of it.”<br />

While Highlanders is set for a major player<br />

exodus they could benefit from a Walter Musona-sundowns<br />

deal.<br />

sundowns have retained interest in the<br />

younger Musona who is on loan at FC Platinum<br />

with a deal likely to be signed during this<br />

transfer window, which would see the player<br />

loaned out to Highlanders.<br />

on the other hand Bosso are lining up a<br />

move for How Mine striker Kuda Musharu as<br />

coach Kelvin Kaindu searches for a reliable<br />

striker.


<strong>Zimbabwe</strong><br />

businessdigest<br />

<strong>independent</strong><br />

JUNE 6 TO 12, <strong>2014</strong><br />

www.the<strong>independent</strong>.co.zw<br />

Market rIsers<br />

COUNTER PRICE CHANGE %CHANGE<br />

MASHONALAND 2.50 0.10 4.16%<br />

ECONET 67.00 0.98 1.49%<br />

MEIKLES 18.10 0.10 0.55%<br />

PPC 202.00 1.00 0.49%<br />

Market Fallers<br />

lOsER PRICE CHANGE %CHANGE<br />

COTTCO 0.80 -0.10 -11.11%<br />

HWANGE 5.50 -0.50 -8.33%<br />

AFRICAN SUN 2.50 -0.20 -7.40%<br />

COLCOM 22.00 -1.00 -4.34%<br />

OK ZIM 19.90 -0.08 -0.45%<br />

stOCk Market INDICes<br />

(Wednesday close. Change from week previous)<br />

INDUSTRIAL 177.69 0.14%<br />

MINING 29.03 -2.05%<br />

Tetrad shelves<br />

commercial<br />

banking plans<br />

. . .eyes infrastructure development<br />

Chris Muronzi/Kudzai Kuwaza<br />

SERGEy Pokusaev’s Horizon<br />

Capital Consortium (HCC) has put<br />

on hold plans to turn Tetrad Investment<br />

Bank (TIB) into a commercial<br />

bank and will stick with<br />

investment banking specialising<br />

in mining and infrastructure<br />

development, businessdigest has<br />

established.<br />

Sources said Pokusaev, who<br />

recently acquired a controlling<br />

stake in TIB, will abandon plans<br />

by the bank to go commercial.<br />

The bank’s thrust, the source<br />

said, would be mining and infrastructure<br />

development.<br />

<strong>Zimbabwe</strong> needs US$10 billion<br />

for infrastructure development,<br />

while its mining sector has a huge<br />

upside potential.<br />

Pokusaev’s links to Eastern<br />

European capital are expected to<br />

help mobilise lines of credit.<br />

A source said: “Horizon Capital<br />

have access to lot of money and<br />

they want to use this to finance<br />

infrastructure and mining.”<br />

It is understood that TIB two<br />

months ago concluded a voluntary<br />

retrenchment exercise that<br />

saw 40 members of staff accepting<br />

the offer in line with the Russian<br />

businessman’s plan to have<br />

a leaner bank.<br />

The institution’s headcount is<br />

now around 100.<br />

Two weeks ago Tetrad Holdings<br />

Ltd shareholders unanimously<br />

gave the nod to the acquisition<br />

of a controlling stake in TIB by<br />

Pokusaev.<br />

The deal now awaits regulatory<br />

approvals.<br />

The new shareholder is not<br />

looking at having "serious"<br />

branch presence in the market,<br />

the source said.<br />

A source told businessdigest a<br />

fortnight ago management at<br />

the bank would largely remain<br />

unchanged. Currently, Eugene<br />

Mlambo, a key shareholder, is<br />

CEO and acting MD of the bank<br />

after another Tetrad boss Emmanuel<br />

Chikaka assumed responsibility<br />

at group level as chief operating<br />

officer.<br />

The deal is expected to improve<br />

the bank’s capital position<br />

and unlock lines of credit for the<br />

institution.<br />

HCC’s takeover of Tetrad comes<br />

hot on the heels of the Mauritiusbased<br />

AfrAsia Bank Ltd’s increased<br />

shareholding in AfrAsia<br />

<strong>Zimbabwe</strong> Holdings Ltd to 62,5%<br />

and more recently the acquisition<br />

Tetrad CEO Eugene Mlambo<br />

of ABC Holdings, which controls<br />

BancABC, by an international investor,<br />

Atlas Mara.<br />

A Mauritius-based consortium<br />

also acquired a majority stake in<br />

troubled Allied Bank.<br />

Commercial banks were initially<br />

required by the central Bank<br />

to have a minimum capitalisation<br />

of US$100 million by <strong>2014</strong>, but<br />

this was later extended to 2020.<br />

Tetrad has interests in the financial<br />

services sector, insurance,<br />

property, mining and other<br />

areas of commerce.<br />

Efforts to reach Mlambo<br />

and Chikaka proved fruitless<br />

at the time of going to print as<br />

their mobile phones went<br />

unanswered.<br />

Import ban threatens safari operators’ viability<br />

Kudzai Kuwaza<br />

THE ban of the importation of sport hunted<br />

elephant trophies from <strong>Zimbabwe</strong> for the<br />

<strong>2014</strong> hunting season in April by the United<br />

States government will have devastating<br />

effects on the country’s hunting season,<br />

the Safari Operators Association of <strong>Zimbabwe</strong><br />

(Soaz) has said.<br />

The US Fish and Wildlife Service announced<br />

a suspension on imports of sporthunted<br />

African elephant trophies taken in<br />

Tanzania and <strong>Zimbabwe</strong> during the calendar<br />

<strong>2014</strong> year.<br />

“In <strong>Zimbabwe</strong>, available data, though<br />

limited, indicates a significant decline<br />

in the elephant population. Anecdotal<br />

evidence, such as the widely publicised<br />

poisoning last year of 300 elephants in<br />

Hwange National Park, suggests that <strong>Zimbabwe</strong>’s<br />

elephants are also under siege,”<br />

the organisation said. “Given the current<br />

situation on the ground in both Tanzania<br />

and <strong>Zimbabwe</strong>, the Service is unable to<br />

make positive findings required under the<br />

Convention on International Trade in Endangered<br />

Species of Wild Fauna and Flora<br />

(Cites) and the Endangered Species Act<br />

to allow import of elephant trophies from<br />

these countries.<br />

“Additional killing of elephants in these<br />

countries, even if legal, is not sustainable<br />

and is not currently supporting conservation<br />

efforts that contribute towards the recovery<br />

of the species.”<br />

Soaz chairman Emmanuel Fundira told<br />

businessdigest in an interview on Wednesday<br />

that most of the country’s visitors who<br />

came for sport hunting were attracted by<br />

the prospect of hunting the full complement<br />

of the big five which are the lion,<br />

leopard, elephant, buffalo and rhino. The<br />

absence of the elephant trophy, Fundira<br />

said, would discourage sport hunting lovers<br />

from coming to the country, making<br />

the sector uncompetitive.<br />

Fundira said 65% of the market came<br />

from the Americas which include North<br />

and South America, indicating the extent<br />

of the damage caused by the ban.<br />

“When 65% of the market starts coughing<br />

it actually tells you that there is an imminent<br />

collapse of the whole industry because<br />

you cannot make it survive on 35%,”<br />

Fundira said. “The projections for this year<br />

are depressing.”<br />

He said this meant massive loss of income<br />

for government as well as unemployment<br />

and loss of value for the tourism sector.<br />

Fundira said the ban would negatively<br />

impact the Communal Areas Management<br />

Programme for Indigenous Resources<br />

(Campfire), a community-based<br />

natural resource management programme<br />

in which Rural District Councils, on behalf<br />

of communities on communal land,<br />

are granted the authority to market access<br />

to wildlife in their district to safari<br />

operators.<br />

He said the ban will take away the livelihoods<br />

of 800 000 families under the<br />

Campfire project. “The reasons for the ban<br />

are not convincing, as they are not based<br />

on scientific findings.”<br />

He said he had led a delegation to the<br />

United States to have the decision rescinded<br />

and met various government officials<br />

including the Secretary of State John<br />

Kerry.<br />

Fundira said US senators would consider<br />

their case and expected a response in July.<br />

Even if the decision was rescinded, the<br />

recovery from the damage would not be an<br />

overnight process, he said.


2<br />

ZIMBABWE INDEPENDENT BUSINESS DIGEST JUNE 6 TO 12, <strong>2014</strong><br />

<strong>Zimbabwe</strong>’s tobacco industry continues to grow<br />

Farmers at the official opening of the auction floors at Tobacco sales floor in Harare<br />

INVITATION TO FORMAL TENDERS<br />

Tenders must be enclosed in sealed envelopes and endorsed on the outside with the<br />

advertisement tender Number, the description and closing date. Tenders must be<br />

posted in time to be sorted into Post Office Box CY408, Causeway and received at<br />

State Procurement Board before the closing date or delivered by hand to the The<br />

th<br />

Principal Officer, State Procurement Board, 5 Floor, Old Reserve Bank Building,<br />

76 Samora Machel Avenue, Harare <strong>Zimbabwe</strong> before 1000 hours on the closing<br />

date<br />

Interested bidders are required to obtain the Tender document that consists the<br />

instructions and Scope of work from The Procurement Manager, <strong>Zimbabwe</strong> Power<br />

th<br />

Company Head Office, 11 Floor Megawatt House, 44 Samora Machel Avenue,<br />

Harare upon payment of a non-refundable fee of US$10.00 per tender.<br />

Your submission should reach The State Procurement Board not later than the<br />

closing dates as indicated.<br />

Late submissions will not be accepted.<br />

NOTE:<br />

Meeting Venue Holiday Inn Mutare Conference Room<br />

Site visit for the tender, as indicated is compulsory, failure to attend the<br />

compulsory site<br />

Visit meeting will lead to automatic disqualification.<br />

COLLINS RUDZUNA<br />

ZIMBABWE’S tobacco industry<br />

continues to grow in leaps and<br />

bounds. Although trading is still<br />

underway, statistics from the<br />

auction floors show that the <strong>2014</strong><br />

crop is already more than what<br />

was achieved last year. Statistics<br />

released by the Tobacco Industry<br />

Marketing Board (TIMB) show<br />

that after 68 weeks of trading,<br />

173 million kilograms of tobacco<br />

have been traded. That figure is<br />

an improvement of 31% from the<br />

132 million kilogrammes that had<br />

been traded in the same period<br />

last year. More notably, it is also<br />

above last year’s season total of<br />

156 million kilogrammes.<br />

It has always been acknowledged<br />

the industry’s growth can<br />

to a large extent be attributed to<br />

the increased number of participants.<br />

It is reported that in 2013 a<br />

total of 75,000 farmers delivered<br />

tobacco to auction floors. That is<br />

a significant increase from the<br />

5,000 odd farmers that delivered<br />

tobacco before the land resettlement<br />

programme which paved<br />

way for wider participation.<br />

Wider inclusion of participants is<br />

in itself a laudable development.<br />

The contentious political circumstances<br />

surrounding it aside, it<br />

represents one of the areas where<br />

people have been able to become<br />

self-employed in a gainful way.<br />

But this emancipation comes at a<br />

cost. A cost which some argue far<br />

outweighs the benefits thereof.<br />

Land reform changed <strong>Zimbabwe</strong>’s<br />

commercial farming landscape<br />

from one dominated by a<br />

handful of farmers with vast tracts<br />

of land to one where much smaller<br />

pieces of land were pieced out<br />

to smaller operators. Where big<br />

operators had relied on hired labour<br />

and mechanised operations,<br />

today’s tobacco industry is characterised<br />

by small scale farmers,<br />

often relying on family labour and<br />

simpler technology. The challenge<br />

with this model is that it is<br />

less efficient and loses some of the<br />

economies of scale that made the<br />

yesteryear model work which, at<br />

face value, is not a problem. Most<br />

new farmers seem content with<br />

their lot. Many of them come from<br />

a peasant background or were<br />

themselves labourers on the prereform<br />

farms. Their financial position<br />

has improved greatly.<br />

Concern has however been<br />

raised on whether the new model<br />

is sustainable. Those that are<br />

in favour say it is and point to<br />

the great leaps in volumes since<br />

2008’s low of 48 million kilograms<br />

to last year’s 156 million<br />

kilograms as testimony. Naysayers<br />

have however pointed out<br />

that while the jump in absolute<br />

figures is astounding, it is more<br />

the result of increased headcount<br />

in the participants than anything<br />

else. Yields per hectare have reportedly<br />

dwindled. Crop quality<br />

has deteriorated as evidenced by<br />

the low prices that new farmers<br />

are always crying about. Farming<br />

standards, which are a necessity<br />

in tobacco because of its high<br />

proneness to disease, are reportedly<br />

being compromised by underfunded<br />

farmers eager to cut<br />

corners and turn a quick buck.<br />

The criticisms are many.<br />

New farmers themselves have<br />

thrown in criticisms of their own<br />

at other industry participants. The<br />

banks have been accused of being<br />

discriminatory for not wanting to<br />

extent credit. Before land reform<br />

farmers often relied on banks<br />

to provide working capital and<br />

funding for purchase of tractors<br />

and other necessary machinery.<br />

Banks have hit back, pointing out<br />

that the new land tenure system is<br />

not conducive to collateral based<br />

lending. New farmers have, most<br />

recently, accused auctioneers of<br />

rigging the buying process and<br />

giving them unfairly low prices.<br />

Acoording to disgruntled farmers,<br />

cartels of unscrupulous buyers<br />

operate at auction floor, artificially<br />

depressing prices. Buyers in<br />

turn say the quality of tobacco has<br />

gone down significantly, hence<br />

the low prices.<br />

Whoever is right between the<br />

farmers and their industry peers,<br />

it is clear that there is urgent need<br />

for the concerns in the industry to<br />

be addressed. Government needs<br />

to devise a land tenure model<br />

which allows banks to hold some<br />

form of collateral against which<br />

they can lend. Without proper<br />

funding new tobacco farmers are<br />

doomed to remain small in scale<br />

and scope. Additionally, there is<br />

need for proper training. While<br />

yesteryear farmers relied on<br />

trained management personnel<br />

and experienced workers, new<br />

farmers are typically self-taught<br />

and with little technical support.<br />

Extension workers are available<br />

but the ratio between extension<br />

workers and farmers is so desperate<br />

that many cannot even<br />

access the service. Moreover the<br />

extension workers are often underfunded<br />

and unable to offer top<br />

notch service.<br />

Contract farming has been suggested<br />

as a workable solution to<br />

the problems dogging the sector.<br />

The model is such that tobacco<br />

buyers provide farmers with technical<br />

and material support and in<br />

return are guaranteed access to<br />

the crop. It solves the problem<br />

of funding because contractors<br />

themselves can access bank loans<br />

and on-lend them in the form of<br />

inputs. It also takes care of quality<br />

concerns because contractors will<br />

have their own men on the ground<br />

providing technical expertise. The<br />

problem with the model of course<br />

comes at the marketing stage.<br />

Farmers who are using this model<br />

have complained that contractors<br />

offer unfair prices because they<br />

have exclusive rights to purchase<br />

the crop. Contractors themselves<br />

often complain that farmers are<br />

engaged in ‘side marketing’, the<br />

selling of contracted crop to third<br />

parties.<br />

The solution may lie in making<br />

contracting supervised by government<br />

authorities. Standards<br />

of practice can be established and<br />

where disputes still arise a technically<br />

competent ombudsman<br />

can be appointed to mediate. Tobacco<br />

remains one of the few sectors<br />

showing robust growth, but<br />

if certain fundamentals are not<br />

taken care of then there is danger<br />

of all the gains made thus far being<br />

undone.


<strong>Zimbabwe</strong> <strong>independent</strong> BUSINESS DIGEST une 6 to 12, <strong>2014</strong> 3<br />

compaNy NEwS<br />

First Mutual Holdings reports US$1m profit<br />

TaUraI maNGUDhla<br />

First Mutual Holdings Ltd (FML) has reported<br />

a Us$1 million technical profit in<br />

the first four months of <strong>2014</strong> to April despite<br />

a difficult operating environment,<br />

group CEO Douglas Hoto said.<br />

in a trading update to shareholders at<br />

an annual general meeting held in the<br />

capital this week, Hoto said the business<br />

remained profitable from operations<br />

with the second half of the year expected<br />

to be much better.<br />

“The operations are positive, but the<br />

market has not been very good,” said<br />

Hoto. “We hope that it might improve as<br />

we go into the second half of the year,<br />

but that is not part of our main plans as<br />

we are trying to be prudent.”<br />

revenues for the period under review<br />

stood at Us$41 million and are largely in<br />

line with the group’s target of Us$100<br />

million revenues annually.<br />

Hoto said gross premium written stood<br />

at Us$38,2 million, 14% up from Us$33,6<br />

million in the same period in the prior<br />

year while retrocession stood at Us$2,8<br />

million, a 31% drop from Us$4 million in<br />

the corresponding period in 2013.<br />

“retrocession has gone down from<br />

Us$4 million to Us$2,8 million signifying<br />

more retention of business internally<br />

and also the signing of some of the projects<br />

contracts,” he said.<br />

Net premium written grew by 20%<br />

to Us$35,4 million while net premium<br />

earned grew 22% to Us$34,6 million<br />

compared to Us$28, 4 million in 2013.<br />

investment income for the period was<br />

at Us$1,97 million compared to Us$4,7<br />

million in the same period in 2013.<br />

Claims for the period under review<br />

amounted to Us$21 million, up 30%<br />

from Us$14,7 million.<br />

“remember i said we are going to implement<br />

a robust approach on claims.<br />

Claims are up 30% when net revenues<br />

are up 20% which may indicate something<br />

is not very well, but in fact the<br />

claims provisions were still at formative<br />

stage and have now been incorporated<br />

into the actuarial cycle which is now being<br />

implemented,” Hoto said.<br />

“some of our business is cyclical and<br />

will even out at the end of the year.”<br />

Hoto said total expenses went up 17%<br />

to Us$36,8 million.<br />

The company’s statement of financial<br />

First Mutual Life Building along Jason Moyo street in Harare<br />

Revenues for the period under<br />

review stood at US$41 million<br />

and are in line with the group’s<br />

target of US$100 million worth of<br />

revenues annually.<br />

position shows total assets amounted to<br />

Us$216, 5 million at the end of the period<br />

under review, up 6% from Us$205<br />

million as at December 2013.<br />

A 38% growth was registered on trade<br />

receivables to Us$11,3 million while<br />

cash and cash equivalents also grew by<br />

24% to Us$22,8 million.<br />

Property investment also grew by 9%<br />

to Us$125,9 million.<br />

Policy holder’s funds were flat, shedding<br />

1% in value terms between December<br />

2013 and April <strong>2014</strong> to Us$83,5<br />

million.<br />

Hoto said the company’s low cost<br />

mobile-based funeral assurance product,<br />

e-FML, launched late 2013 has registered<br />

a huge number of policies.<br />

in its last full year results for the period<br />

ended December 2013, FML reported<br />

a 14% growth in gross premium written<br />

to Us$101,1 million mainly driven by<br />

its FML Health business and a Us$1,1<br />

million technical profit which was 93%<br />

down from prior year.


4<br />

ZIMBABWE INDEPENDENT BUSINESS DIGEST JUNE 6 TO 12, <strong>2014</strong><br />

COMPANY NEWS<br />

Zim winter wheat production down 29%<br />

TAURAI MANGUDHLA<br />

Wheat imports will continue as national consumption stands around 400 000mt per year while<br />

producion this year is estimated at 10 000mt<br />

ZIMBABWE’S winter wheat production is<br />

this year seen dropping by as much as 29%<br />

to 10 000 metric tonnes (mt) as structural<br />

challenges affecting viability of the cereal’s<br />

production persist, a top farming expert<br />

says.<br />

The country will fail to meet last year’s<br />

production levels of 14 000mt as the planted<br />

area will significantly decline, Commercial<br />

Farmers Union (Cfu) crops manager<br />

Richard Taylor said.<br />

About 4 000 hectares of wheat were<br />

planted in 2013 against around 3 000 hectares<br />

in the current season, according to national<br />

figures.<br />

“The biggest issue is basically the high input<br />

costs that is water, electricity, seed and<br />

fertilisers and this will result in production<br />

declining,” Taylor said.<br />

He also said pricing was a major challenge<br />

for wheat producers as local buyers<br />

are paying less than average international<br />

prices.<br />

“Local prices dropped in line with the international<br />

prices,” he added.<br />

Taylor said wheat imports would continue<br />

to feature on the country’s expenditure<br />

as national consumption stands around 400<br />

000mt per year, the bulk of which is imported<br />

from neigbouring South Africa and<br />

Zambia.<br />

He said farmers and government<br />

needed funding to get out of the current<br />

predicament.<br />

Economists say <strong>Zimbabwe</strong> must find<br />

ways to address the land tenure system after<br />

the fast track land reform so that farmers<br />

can use land as collateral to access funding<br />

from banks. Government’s 99-year leases<br />

are not accepted as security by banks.<br />

In an interview with businessdigest, Agriculture<br />

Co-Deputy Minister responsible for<br />

cropping Davison Marapira said his department<br />

had spoken to the ministries responsible<br />

for water and electricity to ensure special<br />

arrangements for wheat growers going<br />

forward.<br />

However, indications on the ground are<br />

that farmers are yet to have confidence in<br />

the new arrangement.<br />

“The response may take two to three years<br />

for people to start growing wheat again<br />

confidently after seeing a change in water<br />

and electricity supply,” said Marapira.<br />

Currently, Marapira said, farmers are still<br />

planting their winter wheat crop and are<br />

expected to do so until mid <strong>June</strong>.<br />

“If they continue planting after mid <strong>June</strong><br />

their wheat will be affected by early rains<br />

and their yield will be affected as well.”<br />

In 2013, local millers said <strong>Zimbabwe</strong> consumes<br />

more than a million loaves of bread<br />

daily and needs at least 25 000 tonnes of<br />

wheat monthly.<br />

The millers said the country needed<br />

US$200 million worth of flour a year to<br />

meet the national bread demands.<br />

According to national statistics, about a<br />

decade ago, local producers used to harvest<br />

up to 260 000 tonnes from about 65 000<br />

hectares, with the balance of 40 000 tonnes<br />

being imported. In 2012, the hectarage under<br />

wheat production shrunk to only 4 000<br />

hactares, which yielded 16 000 tonnes.<br />

Grain Millers’ Association of <strong>Zimbabwe</strong><br />

chairperson Tafadzwa Musarara said government<br />

should come up with a wheat<br />

policy that would ensure there is a secure<br />

source of affordable funding and reasonable<br />

loan terms. Musarara said farmers must realise<br />

they will not make profit if their yields<br />

are less than 4 tonnes per hectare.<br />

He said binding pre-planting prices must<br />

be permitted to stimulate wheat production.<br />

He said the pre-planting prices must be<br />

protected and not overruled by gazetted<br />

floor prices.<br />

He also said government should do more<br />

to protect potential investors in agriculture.<br />

“The current legislation that regulates<br />

contract farming is heavily biased towards<br />

farmers. It does not have sufficient investor<br />

protection,” he said.<br />

“For instance, where a farmer willfully<br />

and intentionally diverts inputs of worth<br />

US$30 000 he is only liable to a fine of<br />

US$100 or a prison for a period sentence<br />

not more than three months, but if one will<br />

be imprisoned for 9 years for stealing the<br />

same farmer© s beast worth US$300.”<br />

He said government should focus on revamping<br />

irrigation and dams while limiting<br />

flour imports, which have flooded the<br />

market.<br />

“Wheat farmers have been facing problems<br />

of power supply and funding has been<br />

expensive,” Musarara said. “They also have<br />

high monthly electricity and water bills.<br />

Considering that <strong>Zimbabwe</strong> consumes one<br />

million loaves a day, government has to<br />

come up with a clear wheat policy.”<br />

Cfu president Charles Taffs also recently<br />

said viable solutions are required to address<br />

fundamentals in respect of land tenure and<br />

a general lack of policy consistency in order<br />

to attract much-needed foreign direct<br />

investment in irrigation.


<strong>Zimbabwe</strong> <strong>independent</strong> BUSINESS DIGEST june 6 to 12, <strong>2014</strong> 5<br />

compaNy NEwS<br />

BAT faces fresh espionage allegations<br />

Fresh allegations of corporate espionage<br />

and possible money-laundering emerged<br />

this week against British American Tobacco<br />

(Batz) <strong>Zimbabwe</strong>’s parent company, British<br />

American Tobacco PLc (Bat) amid reports<br />

the sA revenue service (sars) has unearthed<br />

errant and illegal behavior on the part of the<br />

company.<br />

The allegations lend credence to accusations<br />

Batz could have been involved in hijackings<br />

of its competitors — Kingdom, savanna<br />

Tobacco, Breco (Fodya), Cutrag, Trednet<br />

and Chelsea — export consignments valued<br />

at r100 million to armed hijackers three<br />

years ago.<br />

The cigarettes were mostly destined for<br />

south Africa. None of Batz’s products were<br />

hijacked, prompting its competitors to believe<br />

the largest cigarette manufacturer in<br />

the country was involved in industrial espionage<br />

and possible sabotage, a charge Batz<br />

refutes.<br />

According to reports, a March sars tax<br />

probe of all the country’s tobacco companies<br />

revealed rampant illegal and unethical industry<br />

practices.<br />

While sars did not name specific companies,<br />

industry insiders said the letter referred<br />

to poor behaviour across the board — from<br />

large operators such as Bat to smaller “value-brand”<br />

companies under the banner of<br />

the Fair-Trade Independent Tobacco Association.The<br />

letter was signed by sars investigations<br />

head Johann van Loggenberg and<br />

sent to Lieutenant-General Anwa Dramat,<br />

who heads the hawks crime-fighting unit,<br />

suggesting arrests and prosecutions could<br />

follow. Van Loggenberg said the companies<br />

“have been found wanting when it comes<br />

to accounting for and complying with their<br />

income-tax obligations”.<br />

Damningly for Bat, the sars letter appeared<br />

to confirm the claims of corporate espionage<br />

and possible money-laundering in which it<br />

is implicated, allegations first revealed by the<br />

Sunday Times two months ago.<br />

In March, the Sunday Times published excerpts<br />

of a conversation between a Bat official<br />

and someone it hired to spy on rivals,<br />

in which the tobacco executive implores<br />

the “agent” not to “sell us out” by disclosing<br />

dodgy cross-border payments Bat made<br />

to the agent. The Bat official said: “We will<br />

never reveal who we pay because of the nature<br />

of the business and the danger to the<br />

individuals ... I am not going to reveal that<br />

because it is a life-threatening issue.”<br />

however, the sars letter provided further<br />

confirmation, saying it had identified people<br />

“who have been employed by a manufacturer<br />

in a secretive manner to collect confidential<br />

information on their competitors”.<br />

“This has led to these individuals receiving<br />

remuneration, in some cases from offshore<br />

sources, in a way that can only be considered<br />

to be money-laundering.”<br />

sars said the companies who do this “expose<br />

themselves not only to charges of tax<br />

evasion and money-laundering, but it falls<br />

within the south Africa statutory definition<br />

of general corruption” — as well as bribery<br />

provisions in the Us and UK.<br />

Tabby Tsengiwe, a spokesman for Bat, said<br />

the company took the allegations “very seriously”,<br />

and “regards compliance with all local<br />

laws as a priority and we do not engage in<br />

any illegal conduct”.<br />

The scandal has not had any impact on the<br />

share price; Bat’s shares have climbed 12%<br />

on the Jse over the last year.<br />

The company reported a 3% climb in profit<br />

for last year to £4,2bn, as it sold 676-billion<br />

cigarettes across the world under brands including<br />

Lucky strike, Dunhill, Peter stuyvesant<br />

and Craven A.<br />

But revelations in the sars letter — apparently<br />

pointing to Bat — that the UK and Us tax<br />

authorities were now investigating the spying<br />

could increase pressure on the company.<br />

In recent weeks, sars launched a fullscale<br />

audit into Bat. Tsengiwe said this tax<br />

probe was not into Bat specifically, but<br />

“industry-wide”.<br />

But Bat has already had a number of runins<br />

with sars.<br />

In a prospectus issued two weeks ago to<br />

raise £15bn, Bat said: “sars has challenged<br />

the debt financing of British American Tobacco<br />

south Africa and reassessed the years<br />

2006-2008 in the sum of r600m.”<br />

Bat aside, the picture painted by sars is of<br />

an industry rippling with dishonest tactics<br />

to dodge tax, from putting in place “artificial<br />

profit-shifting strategies”, pretending<br />

that entire shipments of tobacco were<br />

being sent to Zambia when actually they<br />

were being leaked into the local market,<br />

and hiring people to bribe sars officials or<br />

to quash tax cases. In one case, a tobacco<br />

company paid r2 million to a tax adviser,<br />

who it believed had influence at sars and<br />

who could make a tax case disappear.<br />

“Apart from having engaged in questionable<br />

and possibly corrupt activities,<br />

[the companies] will most certainly have<br />

wasted their money,” said Van Loggenberg.<br />

Back home, police has beebn clamping<br />

down on Batz’s imported Dunhill<br />

brand amid indications the products were<br />

not compliant with the country’s laws,<br />

prompting retailers to remove the product<br />

from the shelves briefly. The Dunhill packs<br />

and dispensers carry south African health<br />

warnings, which are considered to be illegal<br />

under the instrument. sI 264 (2002)<br />

governs the sale and marketing of tobacco<br />

and tobacco related products. Among other<br />

things, it outlines the rules and regulations<br />

guiding the sale of cigarettes, packaging<br />

required and health warnings.<br />

Bat’s competitors such as savanna Tobacco,<br />

the manufacturers of the Pacific<br />

brand of cigarettes and Fodya, the makers<br />

of the Mega Brand of cigarettes, have<br />

complied. Authorities say Bat is using a<br />

south African health warning which reads:<br />

“Warning: smoking Can Kill You”, among<br />

others that are used in the south African<br />

tobacco industry.<br />

According to the statutory Instrument,<br />

<strong>Zimbabwe</strong>an cigarette manufacturers have<br />

to use the mandatory <strong>Zimbabwe</strong>an health<br />

warning which reads: “Danger: smoking<br />

Is harmful to health.” — Business Times<br />

/staff Writer.<br />

A Sars task probe has revealed rampant illegal<br />

practices by tobacco companies.


6<br />

<strong>Zimbabwe</strong> <strong>independent</strong> BuSiNESS diGEST june 6 to 12, <strong>2014</strong><br />

compaNy NEwS<br />

Remarks on GMB signal govt contradictions<br />

Agriculture deputy minister Paddy Zhanda<br />

Government set the buying price of maize at US$390 per tonne this season<br />

Security Growth and Profitability<br />

Kudzai Kuwaza<br />

that the cash-strapped Grain<br />

Marketing Board (GMB) will<br />

struggle to pay for maize delivered<br />

to the parastatal is hardly<br />

surprising. What raised eyebrows<br />

however were remarks by agriculture<br />

deputy minister Paddy<br />

Zhanda encouraging farmers to<br />

sell maize to private buyers.<br />

Zhanda recently told the National<br />

assembly that the parastatal<br />

had to date not been allocated<br />

funds to procure maize due<br />

to financial constraints. he added<br />

that the GMB was “the buyer of<br />

last resort”, a surprising depature<br />

from government’s insistence<br />

farmers sell maize to the<br />

parastatal.<br />

Government, Zhanda said, had<br />

set the buying price of US$390<br />

per tonne this season as a benchmark<br />

to farmers who wanted to<br />

sell their maize to private buyers.<br />

This was probably the first time<br />

since the country’s Independence<br />

in 1980, that such a senior<br />

government official has uttered<br />

words completely divorced from<br />

the usual call for farmers to rush<br />

to GMB depots with their maize.<br />

Barely a week later, agriculture<br />

minister Joseph Made called for a<br />

press conference where he rubbished<br />

Zhanda’s remarks. analysts<br />

say this is a clear demonstration<br />

of not only contradictions in<br />

government, but in the ministry<br />

as well.<br />

“The GMB has been tasked by<br />

government to buy maize as it relates<br />

to the strategic grain reserve,<br />

which requires 500 000 metric<br />

tonnes annually, and I want to<br />

emphasise that the GMB is not a<br />

buyer of last resort,” Made said.<br />

“The GMB is tasked to buy grain at<br />

the beginning of the season and it<br />

buys continuously, which means<br />

farmers deliver grain throughout<br />

the season at the first instance by<br />

the farmer’s choice.”<br />

Economist Godfrey Kanyenze<br />

said the recent contradictions<br />

between Made and his deputy<br />

showed that all is not well at GMB.<br />

“There are serious challenges at<br />

the GMB,” Kanyenze noted. “The<br />

indictment is the discord between<br />

the minister and his deputy.”<br />

he said while the deputy minister’s<br />

remarks were a true reflection<br />

of the situation at the GMB,<br />

Made was only giving “a politically<br />

correct” position that did not<br />

mirror the reality on the ground.<br />

Kanyenze said Zhanda’s exhortation<br />

for farmers to prioritise<br />

private buyers ahead of the GMB<br />

was “someone basically throwing<br />

in the towel”.<br />

he said there was a need to be<br />

honest on the problems bedeviling<br />

GMB.<br />

“If the minister is not going to<br />

give the correct position on GMB,<br />

then it will be like an ostrich<br />

burying its head in the sand, hoping<br />

the problem will disappear,”<br />

Kanyenze said.<br />

he said the country’s strategic<br />

grain reserve has been struggling<br />

for some time characterised by<br />

poor funding and dilapidated infrastructure<br />

and called for a rethink<br />

on how to resuscitate the<br />

parastatal.<br />

The <strong>Zimbabwe</strong> Farmers’ Union<br />

second vice president, Berean<br />

Mukwende said that government<br />

needs to urgently look for funds<br />

to enable GMB to pay farmers<br />

timeously for their produce.<br />

he said if farmers are likely to<br />

be short changed if they sell to<br />

private buyers. he said private<br />

buyers would buy maize at a<br />

song and sell it for a substantially<br />

higher price which will affect not<br />

only the farmers but consumers<br />

and government as well.<br />

Mukwende said it was the government’s<br />

sole responsibility to<br />

feed the populace and this could<br />

not be abdicated to private buyers.<br />

he said the buying price set<br />

by the government of US$390<br />

will only allow the farmers to<br />

break even and fell short of their<br />

ecommended buying price of<br />

US$420.<br />

The GMB has a long history of<br />

loss-making and mismanagement<br />

with workers going for seven<br />

months without pay.<br />

In 2012, the parastatal held its<br />

first annual general meeting in 81<br />

years and in the same year, former<br />

State Enterprises and Parastatals<br />

minister Gorden Moyo<br />

presented a damning report to<br />

cabinet detailing how parastatals<br />

were continuing to perform dismally<br />

with the majority making<br />

losses amounting to millions of<br />

US dollars.<br />

The country requires 1,8 million<br />

tonnes of maize annually.


ZimbabwE indEPEndEnt BUSINESS DIGEST junE 6 to 12, <strong>2014</strong> 7<br />

colUmN<br />

Madzibaba’s ‘tsvimbo’ mightier than the police baton?<br />

Systems Think<br />

sam hlabati<br />

Commuter bus drivers are always on the<br />

lookout for the men and women in the grey<br />

and navy blue uniforms; who are always at<br />

hand to chase them down the road to demand<br />

documents such as driver’s licences<br />

and operating permits. The people chasing<br />

the commuter omnibuses are the police force<br />

who wield their infamous black batons.<br />

Drivers who dare keep driving ignoring<br />

the police are given instantaneous punishment<br />

of having the windscreens of their vehicles<br />

smashed. The mushikashika small vehicles<br />

that are also in the business of ferrying<br />

passengers are not spared. There is continuous<br />

public outcry about the consequences of<br />

the police officers’ actions.<br />

It’s is an offence according to the Vehicle<br />

registration & Licencing Act [Chapter 12:14]<br />

to drive a vehicle which has a “windscreen<br />

not providing clear vision”. Section 54 of SI<br />

154 states: “The windscreen shall be so constructed<br />

that, if it is damaged in any manner,<br />

it will ensure a safe degree of visibility for<br />

the driver”; yet the impact of the police officer’s<br />

baton is aimed in the position right in<br />

the face of the driver. I wonder if the police<br />

officers do prosecute the commuter omnibus<br />

drivers for this offence, knowing that the<br />

smashed screens are a result of their “hand<br />

-work”.<br />

Is there any other better way of enforcing<br />

the law against the kombis other than<br />

smashing windscreens? The jury is out as to<br />

whose doorstep the blameworthiness should<br />

lie at in the instances where innocent people<br />

are killed when the kombi drivers are trying<br />

to evade the police; is it the police or is it<br />

the kombi drivers? You are the judge, whatever<br />

your answer you definitely have your<br />

justification.<br />

Now the police have taken centre stage in<br />

a matter that involved the Vapostori sect in<br />

Budiriro. I was chatting to some colleagues<br />

recently and the central topic was that of the<br />

Vapostori saga that is still ongoing in Budiriro.<br />

The facts that are generally available to<br />

the public through the press are that a sect of<br />

the Johane masowe Chishanu in Budiriro led<br />

by a certain madzibaba Ishmael was being<br />

threatened with closure of their shrine and<br />

worship services by the Apostolic Christian<br />

Council of <strong>Zimbabwe</strong> (ACCZ). It is reported<br />

that the members of the sect turned amok<br />

and attacked the police officers, ACCZ officials<br />

and journalists who had descended on<br />

their shrine.<br />

There are allegations that the sect has been<br />

practicing their religion in a manner that<br />

went against the doctrines of Christianity.<br />

Some of the allegations against the sect are<br />

gross. They are being accused of, among other<br />

things, denying children the right to go to<br />

school, forcing girls into marriages, conducting<br />

virginity tests and forcing women to provide<br />

their husbands with virgin girls if they<br />

were not virgins when they got married.<br />

The approach by the ACCZ was to ban the<br />

sect from conducting services. It is reported<br />

that the ACCZ played an instrumental role in<br />

the probe and arrest of robert martin Gumbura<br />

of the rGm end time message Church.<br />

The question that springs to mind is then<br />

why did ACCZ not recommend that the particular<br />

Vapostori congregation be investigated<br />

and that the perpetrators of the abuses be<br />

brought before the courts to answer to their<br />

crimes. The Vapostori sect is a highly “amphibious”<br />

and “self-propagating” church<br />

that requires great tact to deal with. The sect<br />

does not require any building or amenities<br />

to start a congregation. All they require<br />

is a group of people who have the attire and<br />

know the fellowship routines, an open space<br />

on the peripherals of residential areas to start<br />

a church. There are no bills to pay and once<br />

the place in which they meet is no longer<br />

available, they will just look for another open<br />

space. Surely banning such a group of people<br />

from congregating is like telling a group of<br />

vendors in a particular street of Harare that<br />

they are banned from selling their wares at a<br />

particular street corner. They may not come<br />

back to that street corner but they surely<br />

will choose another street and continue<br />

with their business.<br />

A question to the ACCZ; Was it the intention<br />

of the council to “ban” the particular<br />

sect and reasonably expect that the group<br />

of persons that congregate in that place<br />

would then accept the banishment and<br />

subsequently reform from their practices.<br />

Christianity is a branch of philosophical<br />

idealism; founded on the very believe of<br />

the superbeing and the acceptance that<br />

a human mind has limited knowledge<br />

which can only be guided spiritually.<br />

Was there an expectation that announcing<br />

a banishment was going to have any<br />

effect more than dispersing the sect members<br />

who would then regroup and continue<br />

practicing their religion in a different;<br />

lamenting their “perceived persecution”.<br />

Within the same Vapostori sect, a leader<br />

of a congregation Godfrey Nzira from<br />

Chitungwiza was arrested about a decade<br />

ago. He was arrested for his offences<br />

of rape; and he did his time behind bars.<br />

Can the ACCZ explain what they intended<br />

to achieve with the ban and why they<br />

did not favour conducting investigations<br />

and bringing the perpetrators of the said<br />

abuses before the courts. Going back to<br />

the police force; were they fully aware that<br />

they were accompanying the ACCZ on a<br />

mission to ban a religious sect accused of<br />

sexual abuse; such as the checking of the<br />

virginity of daughters by their fathers using<br />

fingers? Were they reasonably aware<br />

the very sect that they were going to was<br />

being accused of marrying off young girls<br />

before their age of sexual consent? Were<br />

they aware of the fact that there were other<br />

human rights abuses within the sect?<br />

The questions for the police force are a<br />

score and a dozen.<br />

The police officers at the scene of the<br />

clash with the Vapostori are seen in media<br />

photos brandishing baton sticks and<br />

wearing “riot gear”. Were they preparing<br />

for a riot? . What was the mission on the<br />

day of the visit? This question is for both<br />

that ACCZ and the police force.<br />

Was the mission to deliver the message<br />

of the ban? or was the mission to effect<br />

the ban on the very instant the message<br />

was delivered?; thus telling everyone to<br />

pack their bags and go home.<br />

What was expected of the people who<br />

are dependent on their religion for spiritual<br />

strength to do after that? There is a<br />

saying that a cornered rat will fight a cat<br />

and despair turns the cowards courageous.<br />

Sam Hlabati is a Senior Professional in Human<br />

Resources (SPHR®), a Certified Compensation<br />

Professional (CCP®) and a Global Remuneration<br />

Professional (GRP®). E-mail samhlabati@<br />

gmail.com; twitter handle; @samhlabati


8<br />

<strong>Zimbabwe</strong> <strong>independent</strong> BUSINESS DIGEST JUne 6 to 12, <strong>2014</strong><br />

VISUALCOM A/03373


<strong>Zimbabwe</strong> <strong>independent</strong> BUSINESS DIGEST june 6 to 12, <strong>2014</strong> 9


10<br />

<strong>Zimbabwe</strong> <strong>independent</strong> BUSINESS DIGEST june 6 to 12, <strong>2014</strong><br />

ForEIGN NEwS<br />

More bad news for SA economy<br />

The decline in vehicle sales is another<br />

sign that the economy is losing momentum,<br />

warned the National Association of<br />

Automobile Manufacturers of South Africa<br />

(Naamsa).<br />

On Monday Naamsa announced that<br />

year-on-year (y/y) new vehicle sales declined<br />

by 9,2% last month.<br />

“The South African economy was losing<br />

momentum and risked moving into recession,”<br />

Naamsa said in a statement.<br />

“The decline in first-quarter GDP to<br />

negative levels, the dramatic decline in the<br />

purchasing managers’ index . . . the sharp<br />

rise in producer inflation and the worsening<br />

trade deficit all confirmed the advent of<br />

a more difficult economic environment.”<br />

As a result, the domestic automotive<br />

market was likely to continue facing headwinds<br />

in the short to medium term, it said.<br />

In May <strong>2014</strong>, aggregate new vehicles<br />

sales were 49 465 compared to the 54 490<br />

sold in the same month last year.<br />

Naamsa said all segments and categories<br />

recorded y/y declines.<br />

export sales declined from 26 252 in May<br />

last year to 15 613 this year, a fall of 40,5%.<br />

Overall, out of the total disaggregated<br />

reported industry sales of 49 465 vehicles,<br />

86,8% represented dealer sales, 5,6% represented<br />

sales to the vehicle rental industry,<br />

4,9% to industry corporate fleets and<br />

2,7% to government.<br />

The new car market remained under<br />

pressure during May this year, with a fall<br />

of 11,3% compared to the same time last<br />

year.<br />

Domestic sales of new light commercial<br />

vehicles, bakkies, and minibuses declined<br />

by 5,1% compared to the corresponding<br />

month last year.<br />

Sales of vehicles in the medium and<br />

heavy truck segments reflected a mixed<br />

performance.<br />

Medium commercial vehicle sales<br />

showed a decline of 140 units or 14,4%.<br />

South Africa’s Finance minister Nhlanhla Nene<br />

heavy trucks and buses registered an<br />

improvement of 74 units or a gain of 4,3%.<br />

Industry new vehicle exports during<br />

ZIMBABWE LIVELIHOODS AND FOOD SECURITY PROGRAMME (LFSP)<br />

AGRICULTURE PRODUCTIVITY AND NUTRITION COMPONENT (APN)<br />

PUBLIC CALL FOR EXPRESSIONS OF INTEREST (GCP/ZIM/025/UK)<br />

For Provision of Services for LFSP-APN<br />

PUBLIC CALL FOR EXPRESSIONS OF INTEREST - (GCP/ZIM/025/UK)<br />

The Food and Agriculture Organization of the United Nations (FAO) is an intergovernmental organisation with more<br />

than 190 member countries. Since its inception, FAO has worked to alleviate poverty and hunger by promoting<br />

agricultural development, improved nutrition and the pursuit of food security. To achieve its goals, FAO cooperates<br />

with thousands of partners worldwide, from farmers’ groups to traders, from NGOs to other UN Agencies, from<br />

development banks to agribusiness firms, research institutes to academic institutions. Further and more detailed<br />

information on FAO can be found on the internet site: http://www.fao.org<br />

The United Kingdom Department for International Development (DfID) is supporting the <strong>Zimbabwe</strong> Livelihoods and<br />

Food Security Programme (LFSP), which aims to contribute to poverty reduction through increased agricultural<br />

productivity and increased incomes. Targeting smallholder men and women farmers, the LFSP will address<br />

constraints to productivity, market participation and the supply and demand of nutritious foods. Under the LFSP,<br />

DfID is providing USD 48 million (GBP 30 million) worth of funds for a FAO-managed Agricultural Productivity and<br />

Nutrition (LFSP-APN) component. The programme was signed in December 2013 and will run until November 2017.<br />

FAO <strong>Zimbabwe</strong> is issuing this call for Expression of Interest (EOI) to request information on the availability and areas<br />

of expertise indicated in Annex I and Annex II to this EOI. From Interested Organizations/firms authorized to operate<br />

in <strong>Zimbabwe</strong><br />

ALL THE RELEVANT INFORMATION OF THE ABOVE ANNEXES ARE AVAILABLE IN THE FOLLOWING LINK ftp://extftp.fao.org/SROs/Data/SFS/LFSP_EOI_Docs/<br />

AND FOR FREQUENTLY ASKED QUESTION FOLLOW THE LINK<br />

http://www.acifzimbabwe.net/index.php/<strong>2014</strong>-04-26-04-14-02/public-calls/444-public-call-for-expression-ofinterest-lfsp-apn.<br />

THE DOCUMENTS CAN BE DOWNLOADED UNTIL 16 JUNE <strong>2014</strong>. IF THE INTERESTED<br />

ORGANIZATIONS/FIRMS AUTHORISED TO OPERATE IN ZIMBABWE HAVE DIFFICULTIES ACCESSING THE<br />

DOCUMENTS, CONTACT US ON EMAIL ZW-PROCUREMENT@FAO.ORG<br />

Interested Organizations/firms can be specialised UN agencies, private sector companies, financial institutions,<br />

Research and other public institutions, international NGOs local NGOs, professional associations and community<br />

based organisations authorised to operate in <strong>Zimbabwe</strong>. The programme will be implemented in the following eight<br />

districts (in three provinces in <strong>Zimbabwe</strong>): Mutare, Makoni, Mutasa (Manicaland); Kwekwe, Gokwe South, Shurugwi<br />

(Midlands); Guruve, Mt Darwin (Mashonaland Central).<br />

Interested Organizations/firms that wish to send the required information by FAO must complete the attached<br />

template and submit documents outlined in Annex I Part A to D, including the minimum legal, professional, financial<br />

and technical requirements.<br />

Interested organisations/firms should submit the requested documents in hard copy and on electronic soft copy on a<br />

clearly marked CD, in sealed envelopes, with the outer envelope clearly marked, “Public Call for Expression of<br />

Interest – (GCP/ZIM/025/UK) - Not to be opened by Registry” to the address below:<br />

The FAO Representation in <strong>Zimbabwe</strong><br />

Attention: Procurement Unit<br />

Food and Agriculture Organization of the United Nations Block 1, Tendeseka Office Park, Cnr Renfrew /Samora<br />

Machel Avenue, Eastlea, P.O Box 3730. Harare<br />

Deadline of submission of all applications is 16 <strong>June</strong> <strong>2014</strong> - 10:00AM. The office is open from 0800hrs to 1700hrs<br />

from Monday to Thursday and from 0800hrs to 1330hrs on Fridays.<br />

Note:<br />

PLEASE NOTE THAT THIS IS NOT A TENDER, AND DOES NOT CONSTITUTE ANY ENGAGEMENT ON THE PART OF FAO<br />

IN TERMS OF PROCURING GOODS, SERVICES OR WORKS. BASED ON THE INFORMATION RECEIVED, FAO WILL<br />

LATER CONTACT INTERESTED ORGANIZATIONS/FIRMS THROUGH A FORMAL TENDER INVITATION.<br />

ALL INFORMATION SUPPLIED TO FAO WILL BE TREATED WITH THE UTMOST DISCRETION.<br />

May this year showed a sharp decline from<br />

26 252 last year to 15 613 this year.<br />

“The decline in export sales was due to<br />

the discontinuation of an export model<br />

by a major vehicle manufacturer and the<br />

temporary lack of any contribution by<br />

Mercedes-Benz,” Naamsa said.<br />

“From the middle of <strong>2014</strong>, the momentum<br />

of industry vehicle exports was expected<br />

to improve.”<br />

The outlook for the automotive sector<br />

for the balance of the year looked increasingly<br />

less promising.<br />

“At this stage, Naamsa anticipated that<br />

the domestic market in <strong>2014</strong> was likely to<br />

register a decline, in aggregate terms, of<br />

between 3,5% and five percent compared<br />

to 2013,” it said.<br />

In contrast WesBank’s data shows that<br />

the total number of finance applications<br />

is up 16% y/y - setting a new, all-time<br />

record of 124 770 — however the majority<br />

of this growth came from applications<br />

for used vehicles, which grew by 21% y/y,<br />

while new vehicle applications grew by<br />

5%, y/y.<br />

“The record number of applications can<br />

largely be attributed to the credit amnesty<br />

legislation introduced in March,”<br />

said Rudolf Mahoney, head of research at<br />

WesBank.<br />

“There appears to be a level of misunderstanding<br />

among consumers regarding<br />

the legislation and their belief that their<br />

records may have been cleared. This is<br />

resulting in a great number of speculative<br />

applications, thus contributing to the<br />

growing surge in applications.”<br />

The higher demand for used vehicles<br />

is as a result of consumers finding better<br />

value in the pre-owned market, driven by<br />

the rising prices of new vehicles.<br />

TransUnion Auto reported that new<br />

vehicle prices have increased 6,58% in<br />

the first quarter of <strong>2014</strong>, contrasting with<br />

0,83% for used vehicles.<br />

WesBank pointed out that slow sales in<br />

the new vehicle market can be correlated<br />

to negative growth in the economy.<br />

The most recent figures from Statistics<br />

South Africa show GDP growth at -0,6%<br />

for the first quarter of <strong>2014</strong>. New vehicle<br />

sales for same period were down -3,4%.<br />

“historically, negative GDP growth is<br />

associated with increased activity in the<br />

used vehicle market,” said Mahoney.<br />

“Conversely, positive GDP growth correlates<br />

with a strong performance in<br />

the new vehicle market as the economy<br />

flourishes.”<br />

Given the current economic climate,<br />

WesBank expects the new vehicle market<br />

to continue to struggle, while consumers<br />

will turn to the used vehicle market.<br />

New Finance minister Nhlanhla Nene<br />

played down fears of economy is heading<br />

into recession, reported City Press. — Fin24<br />

Sugar strike:<br />

Settlement<br />

seems likely<br />

PAPeR and packaging firm Mondi said on<br />

Tuesday it will buy the US bags and kraft<br />

paper business of Graphic Packaging International<br />

for US$105 million as it seeks<br />

to grow its presence in the world’s largest<br />

economy.<br />

Mondi, a South African company also<br />

listed in London, said the acquisition will<br />

be on a debt and cash-free basis and would<br />

be funded from its existing resources.<br />

“The combination of the business with<br />

Mondi’s existing network will create a<br />

leading bags player in North America and<br />

expand the group’s growing global footprint<br />

in this market,” chief executive David<br />

hathorn said in a statement.<br />

Kraft paper refers to a type of paper often<br />

used in packaging.<br />

Graphic Packaging International is a<br />

subsidiary of Graphic Packaging holding.<br />

— Fin24


ZIMBABWE INDEPENDENT BUSINESS DIGEST JUNE 6 TO 12, <strong>2014</strong> 11<br />

FOREIGN BUSINESS NEWS<br />

Facebook acquires mobile<br />

data plan firm Pryte<br />

FACEBOOK Inc is acquiring Pryte, a<br />

Finnish company that aims to make it<br />

easier for mobile phone users in under-developed<br />

parts of the world to<br />

use wireless Internet apps.<br />

Facebook did not disclose financial<br />

terms of the deal, which spokeswoman<br />

Vanessa Chan said is expected to<br />

close later this month.<br />

Pryte© s service, which has not publicly<br />

launched yet, seeks to make it<br />

easier for consumers without wireless<br />

data plans to use online services by<br />

selling short-term passes that would<br />

provide access to particular mobile<br />

apps, such as Facebook or Foursquare.<br />

Facebook, the world© s largest social<br />

network with 1.28 billion users, is primarily<br />

interested in the team behind<br />

Pryte, led by Chief Executive Markku<br />

Makelainen, Chan said.<br />

The one-year old, Helsinki-based<br />

company has valuable experience<br />

and relationships working with wireless<br />

operators, particularly in emerging<br />

markets, she said.<br />

The company has fewer than 30<br />

employees, though it© s not clear how<br />

many will join Facebook.<br />

The deal marks Facebook’s latest<br />

effort to advance its mission of connecting<br />

people in under-developed<br />

parts of the world to the Internet. Facebook<br />

has partnered with wireless<br />

operators in certain countries to offer<br />

free access to its social network and<br />

the company is building drones and<br />

satellites that will beam Internet access<br />

to remote regions of the world.<br />

Facebook Chief Executive Mark<br />

Zuckerberg has said that connecting<br />

the “next five billion people” to the Internet<br />

is one of the company’s top priorities<br />

going forward.— Reuters.<br />

US factory orders<br />

increase for third<br />

straight month<br />

NEW orders for U.S. factory goods rose for a third<br />

straight month in April, pointing to strength in<br />

manufacturing and the broader economy.<br />

The Commerce Department said on Tuesday new<br />

orders for manufactured goods increased 0.7 percent.<br />

March© s orders were revised to show a 1.5 percent<br />

increase instead of the previously reported 0.9<br />

percent rise.<br />

Economists polled by Reuters had forecast new<br />

orders received by factories gaining 0.5 percent.<br />

Manufacturing is growing after moderating a bit<br />

during a very cold winter. It is likely to continue<br />

expanding, with a survey on Monday showing new<br />

orders at the nation© s factories at their highest level<br />

in five months in May.<br />

Orders excluding the volatile transportation category<br />

increased 0.5 percent as bookings for primary<br />

metals, electrical equipment, appliances and components<br />

and capital goods rose.<br />

The department also said orders for durable<br />

goods, manufactured products expected to last<br />

three years and more, rose 0.6 percent instead of<br />

the 0,8% gain reported last month.<br />

Durable goods orders excluding transportation<br />

increased 0.3 percent instead of the previously reported<br />

0.1 percent gain.<br />

Orders for non-defense capital goods excluding<br />

aircraft - seen as a measure of business confidence<br />

and spending plans - fell 1.2 percent as reported last<br />

month.— Reuters.


12<br />

<strong>Zimbabwe</strong> <strong>independent</strong> BUSINESS DIGEST JUne 6 to 12, <strong>2014</strong>


<strong>Zimbabwe</strong> <strong>independent</strong> BUSINESS DIGEST june 6 to 12, <strong>2014</strong> 13<br />

forEIGN BUSINESS NEwS<br />

France blames US for ‘unreasonable’ fine<br />

France said it would defend the interests<br />

of its biggest bank BnP Paribas, calling a possible<br />

US$10 billion-plus US fine “unreasonable”<br />

and warning it could have a bearing on<br />

transatlantic free trade talks.<br />

French government ministers have until<br />

now shied away from discussing in public<br />

BnP’ negotiations with US authorities, who<br />

are investigating whether the lender evaded<br />

US sanctions relating primarily to Sudan,<br />

Iran and Syria between 2002 and 2009.<br />

“If there is a an error or a violation then it’s<br />

normal that there is a fine, but the fine has<br />

to be proportionate and reasonable,” Foreign<br />

Minister Laurent Fabius said on France 2 television.<br />

“These figures are not reasonable.”<br />

The criticism comes two days before US<br />

President Barack Obama meets President<br />

Francois Hollande in Paris, with ties between<br />

the two allies already strained over the United<br />

States’ handling of the Syrian crisis and<br />

France’s reluctance to cancel a deal to sell<br />

helicopter carriers to russia.<br />

French officials have said Hollande will<br />

bring up the BnP issue during the talks,<br />

which Fabius will also attend. Other possible<br />

subjects for discussion could be US conglomerate<br />

General electric co’s bid for French<br />

group alstom Sa’s energy assets, a move<br />

which prompted Hollande’s government to<br />

encourage a rival approach from Germany’s<br />

Siemens aG.<br />

US authorities, including new York state’s<br />

top banking regulator, the Justice Department<br />

and the Manhattan District attorney<br />

allege BnP stripped out identifying information<br />

from wire transfers so they could pass<br />

through the US financial system without<br />

raising red flags, sources told reuters.<br />

Sources familiar with the negotiations<br />

said a settlement could include a fine of<br />

more than US$10 billion — almost as much<br />

as BnP’s pre-tax income of 8,2 billion euros<br />

(US$11,2 billion) in 2013 — and other penalties,<br />

such as a possible temporary suspension<br />

of the bank’s authority to clear US dollar<br />

transactions.<br />

although the penalty is not set, one source<br />

said, negotiations with BnP were “north of<br />

US$8 billion," considerably higher than the<br />

US$1,1 billion which it had previously set<br />

aside.<br />

BnP declined comment on the matter on<br />

Tuesday. Last month it said it had improved<br />

control processes and was doing all it could<br />

to ensure such mistakes don’t occur again.<br />

BnP has lost more than 6 billion euros of<br />

its stock market value since the end of april,<br />

reflecting concerns that a heavy fine could<br />

force it to restrain its dividends, reduce lending<br />

and even raise fresh capital to bolster its<br />

finances.<br />

“These figures could have a negative impact<br />

and BnP could see its capital hit and<br />

that means less loans, especially for French<br />

firms,” Fabius said.<br />

The French government, stung by a string<br />

of election setbacks, has sharpened criticism<br />

of the United States since the start of the<br />

year, straining ties ahead of Obama’s visit<br />

this week to commemorate the World War<br />

Two D-Day landings in normandy, western<br />

France.<br />

Fabius has repeatedly lamented Washington’s<br />

decision to back away from launching<br />

a military operation in Syria hours before<br />

French jets were ready to strike and has rebuffed<br />

US calls for Paris to cancel a 1,2 billion<br />

euro deal to sell Mistral helicopter carrier<br />

ships to russia. In the BnP case, Fabius’<br />

diplomatic plea for Washington to intervene<br />

may fall on deaf ears, as the suit emanates<br />

from the new York State Department of Financial<br />

Services (DFS), which acts <strong>independent</strong>ly<br />

of the US federal government.<br />

But Fabius, who is also in charge of the<br />

trade portfolio, said any US decision regarding<br />

BnP would raise questions over european<br />

Union-US trade negotiations, given any<br />

deal should be based on reciprocity.<br />

“Here you would have an example of an<br />

unfair and unilateral decision. It would be an<br />

extremely serious problem. You can’t consider<br />

reciprocity to be the rule, when at the<br />

same time you have a decision like this,” he<br />

said.<br />

The United States and the eU are holding<br />

talks over a bilateral free trade agreement intended<br />

to deal with issues ranging from agricultural<br />

market access to electronic commerce<br />

to investment and competition policy.<br />

France has been sceptical about some<br />

issues, such as any opening of its movies,<br />

music and internet markets to free<br />

trade, fearing this could impact jobs and<br />

competitiveness.<br />

Other european governments have<br />

demurred from confrontation when the<br />

DFS imposed penalties or settlements<br />

for bank misdemeanours, albeit much<br />

smaller than in prospect for BnP.<br />

a low-profile approach was adopted by<br />

Britain’s finance minister George Osborne<br />

for instance to limit the damage faced by<br />

Standard chartered, after it came under<br />

fire from US regulators for breaching U.S.<br />

sanctions, a UK government source told<br />

reuters in august 2012 when the story<br />

broke.<br />

“It’s an extremely serious question that<br />

the americans must handle in a spirit of<br />

partnership and not unilaterally,” Fabius<br />

said. — reuters.<br />

French President Francois Holland (left) greets US President Barack Obama


14<br />

<strong>Zimbabwe</strong> <strong>independent</strong> BUSINESS DIGEST june 6 to 12, <strong>2014</strong><br />

forEIGN NEwS<br />

stocks dip<br />

as the<br />

euro gains<br />

eUropean shares dipped on<br />

Tuesday and the euro edged<br />

higher against the dollar after<br />

a fall in euro zone inflation<br />

cemented the case for the european<br />

Central Bank to ease<br />

monetary policy later this<br />

week.<br />

The pan-european FTSe<br />

eurofirst 300 .FTeU3 equity<br />

index was down 0,5%, extending<br />

losses after data that<br />

showed annual consumer<br />

price inflation unexpectedly<br />

slowed to 0,5% in May.<br />

Traders said expectations<br />

the eCB, which targets inflation<br />

of close to 2%, would cut<br />

interest rates yesterday were<br />

already largely priced in and<br />

that only a weaker inflation<br />

number would have triggered<br />

a big market move.<br />

The euro gained some respite<br />

on relief that price growth<br />

had not slowed even further,<br />

while German government<br />

bond futures fell.<br />

“The inflation reading could<br />

have been much worse, but<br />

it nonetheless underpins the<br />

necessity for the eCB to act,”<br />

said Jeremy Stretch, head of<br />

currency strategy at CIBC<br />

World Markets.<br />

Wall Street also looked set<br />

to open lower. S&p 500 index<br />

futures Spc1 were down 0,2%.<br />

expectations of lower euro<br />

zone rates, and recent upbeat<br />

US economic data, have<br />

combined to push the euro to<br />

its weakest against the dollar<br />

since mid-February.<br />

However, the single currency<br />

eUr= was up 0,1% at<br />

US$1 3610, having fallen as<br />

low as US$1 3587 immediately<br />

after the data, but still not far<br />

from a low of US$1 3586 hit<br />

last week.<br />

“a (eCB) refinance rate cut<br />

by 15 basis points and a negative<br />

deposit rate cut by 10 basis<br />

points is baked in. The risk is<br />

of a more aggressive cut in the<br />

deposit rate which has the potential<br />

to take the euro down<br />

Head of currency strategy at CIBC World Markets Jeremy Stretch<br />

below the US$1 3585 level that<br />

has proved sticky in the past<br />

few sessions,” Stretch said.<br />

The dollar stood at 102,40<br />

yen, having earlier hit 102,49,<br />

its strongest in more than a<br />

month.<br />

German 10-year government<br />

bond yields<br />

De10YT=TWeB, which hit<br />

12-month lows last week, rose<br />

5 basis points to 1,36%. Bund<br />

futures FGBlc1 declined.<br />

Some traders said the weak<br />

inflation data was already<br />

priced into the market and<br />

prompted investors to book<br />

profits after a recent rally.<br />

“It’s clearly a call for the<br />

eCB to take action but a lot<br />

of it is priced in already and<br />

there’s a reluctance to take<br />

aggressive positions before<br />

the meeting. It (the eCB) will<br />

need to exceed expectations<br />

to drive yields lower,” said<br />

Jan von Gerich, chief fixed income<br />

analyst at nordea.<br />

US 10-year Treasury yields<br />

US10YT=rr rose on Monday<br />

to 2,54% after the Institute of<br />

Supply Management showed<br />

US manufacturing activity accelerated<br />

in May.<br />

The ISM data helped push<br />

US stocks higher, with the<br />

Dow Jones average.<br />

The US numbers and Chinese<br />

data showing factory and<br />

service-sector performance<br />

had their best showings in<br />

months in May helped push<br />

asian shares higher on Tuesday.<br />

— reuters<br />

Us records surge<br />

in auto sales<br />

General Motors Co, Chrysler Group and nissan<br />

Motor Co on Tuesday reported higher-thanexpected<br />

US new car sales in May, with consumer<br />

demand continuing to gather strength as<br />

temperatures rise across the country.<br />

GM and Chrysler said May sales were the best<br />

in seven years, and nissan set a sales record for<br />

the month.<br />

GM’s May sales were up 12,6% to 284 694, well<br />

above the consensus of nine analysts polled by<br />

reuters. all four GM brands reported sales increases,<br />

with gains at Chevrolet and GMC driven<br />

in part by strong demand for new full-size utility<br />

vehicles and pickups.<br />

The US auto industry is forecast to show a<br />

third straight month of strong sales after cold<br />

and snowy weather held down results in January<br />

and February.<br />

analysts polled by reuters expected May industry<br />

sales to rise about 7%, with an annual<br />

sales rate of 16,1 million vehicles.<br />

Chrysler expects the industry’s annual sales<br />

rate in May to finish at 16,9 million vehicles, including<br />

medium and heavy trucks, which account<br />

for about 300 000 vehicles each year. GM<br />

projected the annual rate in May at 16,5 million.<br />

Monthly auto sales are seen as an early snapshot<br />

of consumer demand for big-ticket items.<br />

US new-car sales in april rose 8%, and the annual<br />

selling rate finished at 16,04 million vehicles.<br />

US sales for Chrysler, a unit of Fiat Chrysler<br />

automobiles, finished at 194 421 vehicles in May,<br />

above analysts’ estimates.<br />

Sales of Chrysler’s Jeep SUV line jumped 58%<br />

to 70 203 vehicles in May from a year earlier,<br />

while ram pickup truck sales increased 17% to<br />

37 131 vehicles.<br />

nissan said US sales rose 18,8% to a record 135<br />

934, with double-digit gains at both its nissan<br />

and Infiniti brands. — reuters<br />

Notice of demand to all current, non-<br />

be re-joining<br />

The Holiday Club South Africa as of the 1 st of January 2015.<br />

paid up and old members of The Holiday Club <strong>Zimbabwe</strong>.<br />

The Holiday Club <strong>Zimbabwe</strong><br />

members will<br />

Therefore in terms of Clause 13.1 notice is hereby given to all non-paid up members to regularise their membership by cut-ofis open to all original<br />

date<br />

of 30 September <strong>2014</strong> after<br />

which, all non- paid members shall cease to be members. Please note that this<br />

members of The Holiday Club <strong>Zimbabwe</strong>.<br />

In terms of the<br />

Constitution of the Club, a member ceases to be a member when:<br />

1. In terms of Clause 13 .1 Should a member fail to pay any amount owing to<br />

the Association on due date and thereafter fail,<br />

for a period of 14 days after issue of Notice of Demand.<br />

2. In terms of Clause 7.1 A member<br />

shall cease to be such when he ceasess to be the egistered holder of Points Rights in<br />

terms of the Points Rights Register.<br />

This notice of demand is remitted via:<br />

<br />

<br />

Public Press, webdev, dipleague, bambazonke<br />

Last known email address of each member<br />

All enquiries to<br />

The Holiday Club <strong>Zimbabwe</strong> Office<br />

48 Midlothian Avenue, Eastlea, Harare.<br />

Mobile: 0774 295 652<br />

Landline: 086444 078 005<br />

Email: admin@holidayclubzimbabwe.co.zw


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16<br />

ZIMBABWE INDEPENDENT BUSINESS DIGEST JUNE 6 TO 12, <strong>2014</strong><br />

Medical Aid<br />

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ZIMBABWE INDEPENDENT INDEPENDENT EXECUTIVE juNE 6 To 12, <strong>2014</strong><br />

E1<br />

<strong>independent</strong> executive<br />

EXECUTIVE APPOINTMENTS<br />

The power of body language<br />

in communication<br />

Page E2<br />

EXECUTIVE HEALTH<br />

Natural ways to treat high<br />

blood pressure<br />

Page E3<br />

EXECUTIVE BANKING<br />

How to grow your SME<br />

business<br />

Page E4<br />

From Raindrops To Gold Mine<br />

GAME<br />

|<br />

CHANGER<br />

Entrepreneur<br />

Joel Mwale<br />

VENTURES AFRICA – Sometimes<br />

the best business ideas<br />

comes from seeking answers<br />

to unasked questions–thinking<br />

for the customer-or tapping<br />

from free resource. No one<br />

asked for an iPod or Google<br />

search, but the ability of Steve<br />

Jobs, Larry Page and Sergey<br />

Brin to think on our behalf and<br />

proffer solutions for the future<br />

have helped shape the world,<br />

while they amassed a fortune.<br />

Ever thought about rain as a<br />

resource? Well, daring entrepreneur<br />

Joel Mwale has. Mwale<br />

built on a possible solution to<br />

the problem of access to clean<br />

water while he was recuperating<br />

from dysentery, which he<br />

got from consuming contaminated<br />

water provided by his<br />

municipal council during Kenya’s<br />

annual dry season.<br />

Whilst still in his teenage<br />

years, he thought about possible<br />

solutions to combat a recurring<br />

problem with dysentery.<br />

This led Mwale to build a borehole<br />

in his village, investing<br />

all his savings on the project at<br />

that. “I thought that what if this<br />

thing keeps on happening, year<br />

in, year out, what if next year<br />

the same problem happens?”<br />

Joel opined.<br />

Today, Mwale has move from<br />

a $95 investment into building<br />

a borehole to creating SkyDrop<br />

Enterprises, a water harvesting<br />

project, which purifies, bottles<br />

and packages rain water for<br />

sale. The inspiration to create<br />

SkyDrop Enterprises was quite<br />

peculiar. “I remember it was in<br />

April during one of the heavy<br />

rainy season in Kitale. I was just<br />

walking as the rain poured and<br />

happened to spot a closed down<br />

yoghurt shop. Next to the building<br />

there was this water tank<br />

that was storing the rain water<br />

from the gutters of the roof,” he<br />

explains.<br />

“So I said that if there’s anything<br />

that I could do to be able<br />

to trap this rain water, store it<br />

in a reservoir, then be able to<br />

purify it and sell it to the public,<br />

this would be a good idea.”<br />

Mwale once described his financial<br />

constraints and how it<br />

was difficult to convince possible<br />

financiers that his idea was a<br />

viable one. Notwithstanding, he<br />

had already managed to convince<br />

the owner of the yoghurt<br />

shop to lease him the location.<br />

Most significantly, Joel Mwale<br />

knocked on doors of all the local<br />

banks and NGOs for funding,<br />

and they all declined his<br />

proposal. “I guess they did not<br />

see my idea as viable. Besides,<br />

Joel Mwale during a panel discussion<br />

INSIDE:<br />

Executive Profie<br />

Executive:<br />

Appointments<br />

Health<br />

Banking<br />

who could listen to a 16-yearold<br />

school drop-out?” he recalls.<br />

Entrepreneurship is the point<br />

where creativity meets innovation<br />

and resourcefulness. After<br />

his idea was frowned upon<br />

by prospective financiers, Joel<br />

raised his own finance by deciding<br />

to lease his father’s land<br />

— his mother didn’t like the<br />

idea.<br />

Slowly, SkyDrop Enterprises<br />

has been gaining market share,<br />

in the lucrative drinking water<br />

market in Trans Nzoia. In 2012,<br />

the company sold over 33,000<br />

bottles, after initially only being<br />

able to sell about 10 bottles of<br />

water a day, as a result of significant<br />

competition from already<br />

established drinking water bottlers.<br />

In 2011, Joel won the Anzisha<br />

Prize for Youth Leadership,<br />

recognizing innovative solutions<br />

to solve problems facing<br />

their communities. After winning<br />

the prize that comes with a<br />

$30,000 cheque, it also enabled<br />

him to provide for his family,<br />

offer employment to a growing<br />

number of people in his community.<br />

As he continues to get high<br />

praise for his work, Master-<br />

Card Foundation provided $2.5<br />

million to support his project<br />

in 2012. He has invested the<br />

money into acquiring a piece<br />

of land on which boreholes will<br />

be drilled. Already, improved<br />

growth prospects are being<br />

forecast after completion of<br />

drilling a new borehole.<br />

“The borehole will make it<br />

possible for us to produce 6,000<br />

litres of water per hour. This<br />

will be an addition to our current<br />

plant that gives us 5,000<br />

litres of water per hour.<br />

“And since the water produced<br />

by the borehole may be<br />

more than what we intend to<br />

use, we have plans to pipe the<br />

surplus to the community at<br />

no cost, serving a population of<br />

500,000,” he adds.<br />

According to him, “I think<br />

there are many more youths<br />

who are sitting on their potential.<br />

But, the most important<br />

thing is that in order for Africa<br />

to realize its goals, the youths<br />

and everyone will need to embrace<br />

the true spirit of entrepreneurship<br />

because it’s only<br />

through true entrepreneurship<br />

that people are able to utilize<br />

their full potential.”


2<br />

<strong>Zimbabwe</strong> <strong>independent</strong> june 6 tO 12, <strong>2014</strong><br />

executive aPPOiNtMeNtS<br />

The power of body language in communication<br />

By BleSSiNg Duri<br />

It takes a fraction of a second to recognise a face<br />

VACANCY<br />

TECHNICAL SERVICES MANAGER<br />

The <strong>Zimbabwe</strong> Sugar Association Experiment Station [Z.S.A.E.S.] has a vacancy for a Technical Services<br />

Manager with an aptitude and interest in project management and planning, civil works and building<br />

development and maintenance, fleet management (including tractors and implements) and agricultural<br />

operations. Under the mentorship of the Director and the Principal Agricultural Engineer, the person will<br />

manage and be accountable for the provision of technical services to Research Officers, Management and<br />

Administrative staff on the Station and to related off-Station projects.<br />

The Z.S.A.E.S., which is situated in the South Eastern Lowveld of <strong>Zimbabwe</strong> near Chiredzi, is owned and funded<br />

by the <strong>Zimbabwe</strong> Sugarcane Industry through the <strong>Zimbabwe</strong> Sugar Association [Z.S.A.]. It is a research<br />

institution established to serve the interests of the sugarcane industry through research, evaluation, transfer<br />

of technology, and the provision of specialized services. These activities aim at improving sugarcane<br />

production and profits as well as contributing to the development of the economy while conserving a healthy,<br />

pleasant, and productive environment.<br />

KEY DUTIES<br />

Reporting to the Principal Agricultural Engineer the incumbent will be responsible for:<br />

· Planning and overseeing weekly, monthly, and annual work plans for all maintenance work, land<br />

preparation, haulage, and/or construction activities pertaining to the Z.S.A.E.S.;<br />

· Managing the preparation of fields and green-houses for trials and rotation/break crops;<br />

· Overseeing and/or coordinating timely maintenance of tractors, farm implements, machinery,<br />

vehicles, pumps, office, laboratory and residential buildings as well as other Station infrastructure,<br />

including development and upkeep of associated administration and records-keeping systems;<br />

· Specific management of trials and projects which have a technical bias, for example, new buildings,<br />

new civil works or evaluating the performance of a new implement or machine;<br />

· Participating in recruiting Field Assistants, Handymen, technical and research support staff;<br />

· Supervising, training, motivating, and controlling External Contractors, Field Assistants, Handymen,<br />

Tractor drivers and other technical staff and ensuring adherence to standard operating procedures and<br />

quality control procedures as well as scheduling time-offs and maintaining discipline at the work place;<br />

· Preparing Budgets for Technical Services and sourcing, ordering and purchasing materials and spares<br />

in advance and maintaining stock and asset registers as well as implementing appropriate control<br />

measures;<br />

· Taking initiative, making suggestions, and consulting with superiors on relevant technical and research<br />

issues at the Station and on remedial measures;<br />

· Ensuring that there is compliance with the Z.S.A.E.S. Safety, Health, and Environment policy and<br />

procedures.<br />

PERSON SPECIFICATIONS<br />

· A Diploma in Agricultural Engineering, Civil Engineering, Construction/Building or Mechanical<br />

Engineering is a minimum requirement with at least 4 years relevant working experience and traceable<br />

references; A Bachelor's degree in Agricultural Engineering or Civil/Construction/Mechanical<br />

Engineering will be an added advantage.<br />

· A clean Class 4 Driver's License with at least three years driving experience and preferably a defensive<br />

driving certificate;<br />

· Excellent communication skills and ability to motivate support staff;<br />

· Excellent project management and planning skills with the ability to co-ordinate multiple<br />

operations/activities;<br />

· Good computing and administrative skills - good knowledge of spreadsheets, project management<br />

and/or accounting/budgeting software will be an advantage;<br />

Applications with a cover letter, curriculum vitae, traceable references and proof of qualifications should be<br />

addressed to:<br />

The Director<br />

ZSA Experiment Station<br />

P Bag 7006, Chiredzi<br />

OR email to:<br />

dir@zsaes.org.zw<br />

The closing date for receipt of applications is 30 <strong>June</strong>, <strong>2014</strong>. Only short-listed candidates will be<br />

acknowledged.<br />

IT takes approximately eleven one-hundredths<br />

of a second to recognise a face. When<br />

you walk into an interview for the first time,<br />

that’s about how long it takes for the interviewer<br />

to make an assessment of you. There<br />

are tons of articles about optimising sales,<br />

productivity, and your online presence, but<br />

what about optimising yourself?<br />

I’m not talking about spiritually, but superficially—literally<br />

nothing below the skin.<br />

Not only will improving your posture improve<br />

how people immediately perceive<br />

you, but you will begin to feel what you are<br />

presenting. How are you sitting while you’re<br />

reading this right now? Are your legs or ankles<br />

crossed? Maybe your left hand is touching<br />

the side of your nose as you recline in<br />

your armchair, or lean on the desk in front of<br />

your computer.<br />

In our presentation, “Corporate Grooming<br />

and Business Etiquette For Executives<br />

and Professionals”, we reveal how we can<br />

change other people’s perceptions, and even<br />

our own body chemistry, simply by changing<br />

body positions. Even for political offices this<br />

is very important. The electorate has no idea<br />

who the candidates are, nor of their political<br />

career or standings; all they know is what<br />

they see, if the candidate looks pleasant or<br />

trustworthy.<br />

When we are feeling confident and powerful,<br />

we spread out — make ourselves big. Recall<br />

any victory of a sports player. What did<br />

they do? They probably threw their arms up<br />

in the air, right? Now, what do we do when<br />

we feel powerless? We do the exact opposite.<br />

We close up, and make ourselves small. This<br />

will be perceived as showing lack of confidence<br />

— if you look weak, people will think<br />

you’re weak, and vice versa. Nobody wants<br />

to interact with a feeble person (this applies<br />

to aspects outside of the workplace, too, like<br />

making friends and finding dates). We know<br />

non-verbals effect and how others see us,<br />

but the presentation, “Corporate Grooming<br />

and Business Etiquette For Executives and<br />

Professionals” elaborates upon a hypothesis<br />

of how some people wanted to try: does<br />

changing our body language affect the way<br />

we see ourselves? The example is that some<br />

people tried an experiment to answer this<br />

question. Turns out, it does. “We smile when<br />

we feel happy, but also, when we’re forced to<br />

smile by holding a pen in our teeth… When<br />

it comes to power, it goes both ways… when<br />

you pretend to be powerful, you are more<br />

likely to actually feel powerful.”<br />

In the experiment, Bleluk Consulting (Pvt)<br />

Ltd brought people into a lab and told the<br />

people to adopt either high-power or lowpower<br />

poses for two minutes. After two minutes<br />

had passed, the subjects were told to<br />

gamble, and guess what happened: the ones<br />

who assumed high-power poses were much<br />

more confident — ie took more risks—in<br />

games of chance. How did this affect physiological<br />

(hormonal) conditions? Here’s what<br />

we find on testosterone: From their baseline<br />

when they come in, high-power people<br />

experience about a 20% increase, and<br />

low-power people experience about a 10%<br />

decrease. Here’s what you get on cortisol:<br />

High-power people experience about a 25%<br />

decrease, and the low-power people experience<br />

about a 15% increase. So two minutes<br />

(of high- or low-power posing) lead to these<br />

hormonal changes that configure your brain<br />

to basically be either assertive, confident and<br />

comfortable, or really stress-reactive, and…<br />

feeling sort of shut down… So it seems that<br />

our non-verbals do govern how we think and<br />

feel about ourselves.”<br />

Applying this research to your everyday<br />

life will not only improve your next interview,<br />

but subsequently the rest of your work<br />

and personal life. So give it a try! Spend a couple<br />

of minutes standing or sitting in a highpower<br />

pose. See if it affects the way you feel<br />

about yourself, and if it changes your overall<br />

outlook. What do you think? Have you tried<br />

“faking it ‘til you make it?” Let us know if it<br />

worked for you in your comments.<br />

blessing duri is the executive Consultant, author<br />

& Certified Life Coach at bleluk Consulting (pvt)<br />

Ltd, at suite 312 pollack House, 30 Robson manyika,<br />

Harare, <strong>Zimbabwe</strong>. +263 773 522 350 / +263<br />

715 294 225. email: blelukconsulting@gmail.com


3<br />

<strong>Zimbabwe</strong> <strong>independent</strong> june 6 tO 12, <strong>2014</strong><br />

executive health<br />

Natural ways to treat high blood pressure<br />

The four diet game-changers<br />

NO one clamours to join the hypertension<br />

club, but it sure has a lot of members. High<br />

blood pressure puts you at greater risk for<br />

experiencing a heart attack or stroke, and<br />

it can damage your kidneys. That’s the bad<br />

news.<br />

The good news: Hypertension usually<br />

can be controlled — and you may not need<br />

to take medication to do it. Research shows<br />

a variety of lifestyle changes, from altering<br />

your diet to engaging in a regular meditation<br />

practice, can effectively lower blood<br />

pressure. Changing your eating patterns is<br />

a good start to controlling high blood pressure,<br />

and it works best in combination with<br />

other natural interventions. This is the first<br />

in a series of articles that will help you<br />

understand which natural blood pressure<br />

treatments work — and which ones don’t<br />

(yet) stand up to clinical scrutiny.<br />

What you eat matters<br />

Your diet plays an important role in managing<br />

hypertension. In particular, clinical<br />

studies show that eating whole foods over<br />

processed foods can reduce blood pressure.<br />

Changing your eating patterns doesn’t have<br />

to be daunting. Here are some ways to ease<br />

into it.<br />

The dash diet<br />

An acronym for “Dietary Approaches to<br />

Stop Hypertension,” the Dash diet is possibly<br />

the most-studied eating plan in history.<br />

Numerous clinical trials have confirmed<br />

the effectiveness of Dash in lowering<br />

systolic blood pressure by as much as 11<br />

points. (Systolic blood pressure is the “top”<br />

number in a blood pressure reading and<br />

represents the arterial pressure produced<br />

when the heart contracts and sends blood<br />

flowing through your system.)<br />

The original Dash diet plan called for<br />

lowering sodium intake to just 1 500 milligrammes<br />

per day, but this recommendation<br />

has recently been challenged by new<br />

research. Because sodium is important for<br />

critical body functions, new guidelines<br />

suggest it’s better to reduce your consumption<br />

to no less than 2 300 milligrammes per<br />

day unless your health care provider tells<br />

you otherwise. There is no evidence that<br />

reducing your intake below that level offers<br />

any additional benefit.<br />

The low-calorie diet<br />

Studies have shown that merely reducing<br />

your caloric intake can have a positive effect<br />

on blood pressure, reducing the systolic<br />

reading by up to six points. Why? Probably<br />

because a low-calorie diet can help<br />

you lose weight, which is known to lower<br />

blood pressure.<br />

Many people consume far more calories<br />

than they need, often because they don’t<br />

know how many calories they require<br />

or how many they consume. There are a<br />

number of health apps and fitness trackers<br />

that help you track your caloric intake as<br />

well as other key health metrics, like your<br />

activity level and calories burned.<br />

If you choose to go the low-cal route<br />

to control hypertension, be sure to avoid<br />

fatty, salty processed foods and choose un-<br />

A vegetarian or vegan eating plan can reduce<br />

hypertension<br />

processed whole foods like whole grains<br />

and vegetables or it may not benefit your<br />

blood pressure.<br />

The Mediterranean diet<br />

You’ve probably heard of this eating plan,<br />

inspired by the dietary habits of people<br />

who live along the northern coastal areas<br />

of the Mediterranean Sea. The Mediterranean<br />

Diet has been shown to reduce blood<br />

pressure by a modest two points, but the<br />

proven heart health benefits of this eating<br />

plan extend beyond hypertension control.<br />

The Mediterranean Diet emphasises<br />

consuming only monounsaturated fats<br />

(mainly from olive oil and olives), along<br />

with daily helpings of fresh fruits, vegetables,<br />

whole grains, and low-fat dairy<br />

products. People on the Mediterranean<br />

Diet usually eat calorie-dense, high-protein<br />

foods only a few times per week, and<br />

then it’s limited to fish, poultry, and legumes.<br />

Red meat is rarely consumed, about<br />

once a month.<br />

An integral part of the Mediterranean<br />

Diet is the daily consumption of alcohol,<br />

chiefly red wine, with meals. Drinking<br />

wine may not directly lower your blood<br />

pressure, but it’s salubrious for the heart<br />

(and soul!) when consumed in moderation.<br />

The vegetarian or vegan diet<br />

Research, although still inconclusive, suggests<br />

a vegetarian or vegan eating plan can<br />

reduce hypertension. How? Going veg may<br />

help lower your blood pressure because it<br />

eliminates factors known to worsen hypertension,<br />

such as eating red meat.<br />

Make sure your diet includes plenty<br />

of whole grains, fruits, and vegetables,<br />

along with high-quality proteins from<br />

plant sources, such as nuts and legumes.<br />

Vegetarians may also consume moderate<br />

amounts of low-fat dairy products and<br />

eggs.<br />

Anti-hypertension eating plan<br />

Let’s face it: Changing your eating patterns<br />

can be hard. That’s why we encourage you<br />

to ease into the process by gradually incorporating<br />

the following blood pressurelowering<br />

elements into your diet. Before<br />

you know it, you’ll have created an eating<br />

plan you love. And that means you’re more<br />

likely to sustain it for a lifetime.<br />

Eat more dietary fiber. Think whole<br />

grains like whole wheat and brown rice,<br />

but also incorporate other high-fiber<br />

foods, including fresh fruits like raspberries<br />

and apples; beans; nuts and seeds; and<br />

vegetables like artichoke and broccoli.<br />

Enjoy monounsaturated fats. Drizzle<br />

olive oil over your steamed broccoli, sear<br />

tuna in canola oil, or munch on olives with<br />

your meal. Avoid saturated fats like butter<br />

and lard.<br />

Eat lean proteins–but not too frequently.<br />

Every week, eat two or three helpings of<br />

fish, poultry, or whole beans. If you eat<br />

red meat such as beef, pork, or lamb, do<br />

so very sparingly (once or twice a month).<br />

Drink alcohol only in moderation. If you<br />

are able to drink with no problems, a daily<br />

drink or two with a meal may calm stress<br />

(which reduces blood pressure) and can<br />

have positive effects on your heart health.<br />

Moderate drinking means no more than<br />

1 drink per day for women, and two for<br />

men. — Onemedical.com.


4<br />

<strong>Zimbabwe</strong> <strong>independent</strong> june 6 tO 12, <strong>2014</strong><br />

executive BANKiNG<br />

How to grow your SME business<br />

clive MphAMBelA<br />

STARTING a business is not easy, remaining<br />

in business after start-up is even more<br />

difficult and growing the business thereafter<br />

is an even bigger challenge. In the<br />

last installment in this series we discussed<br />

how SMEs can avoid ‘financial suicide’, as<br />

we recognised a few financial management<br />

errors that lead to early demise of<br />

SME startups. Today’s article tries to articulate<br />

more of the same issues that help<br />

stop an early “death “ of the business and<br />

position it for growth.<br />

Know your customers<br />

In coming up with your business the first<br />

thing is to have a keen understanding of<br />

your market. Who are your customers?<br />

Where are they? How many are they? How<br />

will you reach out to them. This is what we<br />

have called “market research”. This step<br />

is critical from the very beginning and<br />

the SME owner must engage in this basic<br />

research before even venturing into business.<br />

Going into business without this kind<br />

of knowledge is akin to flying blind. The<br />

business will crash land very fast.<br />

Manage yourself<br />

Second, once the business gets off the<br />

ground don’t get over excited and start<br />

changing your lifestyle as soon as the cash<br />

starts rolling in. That’s a recipe for disaster.<br />

Business requires patience and maintaining<br />

a cool sober head. One of the biggest<br />

risks SMEs face is the risk of being bled to<br />

death by the business owner. The best way<br />

to manage yourself well is to always remember<br />

that the business and the owner<br />

are “two different entities”. Money that<br />

belongs to the business is not yours as the<br />

owner of the business, at least until you<br />

pay a dividend or draw a salary.<br />

It is therefore wise to delay drawing dividends<br />

early as this can drain business<br />

capital and derail the business. Rather as<br />

the owner, draw a decent salary that the<br />

business can afford. That salary should be<br />

sufficient compensation for the skills and<br />

time that you are investing in the business,<br />

whilst profits earned by the business<br />

should be retained for growth.<br />

Minimise expenses<br />

One of the most difficult things to do in<br />

business is to manage costs within sustainable<br />

limits. Just because you are generating<br />

cash does not mean you should spend<br />

it, especially on things that do not directly<br />

impact the business growth. Spend a dollar<br />

if that expenditure will result in more<br />

revenues coming in. In other words stick<br />

to “business relevant expenditures” and<br />

avoid spending money on things that the<br />

business does not need.<br />

Keeping costs down also means you will<br />

hire only those employees necessary to run<br />

the business efficiently and look after customers<br />

well. Don’t go on a hiring spree so<br />

that you fill up the office or factory with<br />

people. Salaries and wages are always one<br />

of the biggest expenses in any business, big<br />

or small so one should be absolutely careful<br />

here. Hire people that can do more than<br />

one task, for example a receptionist who<br />

can also double up as telesales assistant or<br />

accounts clerk can be useful in the early<br />

stages of a business.<br />

No lavish premises<br />

Chose premises carefully, don’t go for the<br />

expensive real estate or prestigious location.<br />

Rather a practical low cost office will<br />

do just fine. For some types of business<br />

you can start working from home to cut on<br />

rental costs at the start, and then look for<br />

appropriate space to rent as the business<br />

gains scale.<br />

Keep business records<br />

How do you tell if your business is making<br />

a profit or a loss if you are not keeping any<br />

records? Most small business owners unfortunately<br />

perhaps take record keeping for<br />

granted, but it can make the difference between<br />

success and failure in business.<br />

Develop the discipline of keeping track<br />

of all the sales, cash proceeds, and overall<br />

turnover of their business as well as other<br />

vital business records such as bank account<br />

statements, and so on.<br />

Your business financial records will help<br />

you prepare financial statements that will<br />

become invaluable when you want to approach<br />

potential financiers or funders for<br />

the growth of your business. For example,<br />

credible financial records are required to<br />

support your business proposal when one<br />

approaches a bank to apply for a bank loan.<br />

Have a banking relationship<br />

Religiously operate a business bank account<br />

early in the life of the business.<br />

Where possible bank all receipts and record<br />

all payments against your bank account.<br />

Your bank statements will provide potential<br />

lenders, (including your bank) a useful<br />

record of how your business has been<br />

running and will prove crucial in providing<br />

an insight into how it will run in future. Using<br />

a bank also ensures that you do not run<br />

your business from “your pocket” which<br />

generally leads to sometimes unnecessary<br />

expenditures.<br />

Having a banker to rely on also gives you<br />

access to a sounding board as you can ask<br />

your banker to professionally advise you<br />

on how to run your finances. As already alluded<br />

above, keep your personal bank account<br />

separate from the business account.<br />

This may seem to increase your costs in the<br />

short run but the benefits will quickly outweigh<br />

the seeming inconvenience of going<br />

to the bank everyday to bank your sales.<br />

Avoid borrowing too early<br />

Sometimes we are tempted to borrow<br />

very early in business to “expand” the<br />

business. This can be dangerous! Expanding<br />

too quickly may lead to “overtrading”<br />

where the business is growing faster than<br />

it should. In other words the structures required<br />

for a certain level of business may<br />

not be in place and this can result in a quick<br />

and sudden death.<br />

Allow the business to expand at a sound<br />

pace and make sure all things are in place<br />

before tackling new customers or exploring<br />

a new market or idea. Rather save a bit of<br />

cash and build up a cash reserve for a rainy<br />

day instead of jumping into debt. Borrowing<br />

too early also exposes the business owner<br />

as he/she is responsible for the debts if the<br />

business fails.<br />

When the time comes for the business<br />

to borrow, when it has been around for a<br />

while and you have gotten to understand<br />

your market etc etc , you can then approach<br />

your bank for a loan. Hopefully by that time<br />

you bank records will be showing a healthy<br />

trading pattern.<br />

Clive mphambela is a banker. He writes in his<br />

capacity as advocacy officer for the bankers<br />

association of <strong>Zimbabwe</strong>. players in the mSme<br />

sector and other stakeholders can give their<br />

valuable comments on clive@baz.org.zw or 04-<br />

744686, 0772206913


<strong>Zimbabwe</strong> <strong>independent</strong> june 6 tO 12, <strong>2014</strong> 5<br />

ZNCC HARARE BRANCH<br />

ZNCC business awards criteria attributes<br />

THE <strong>Zimbabwe</strong> National Chamber<br />

of Commerce Harare Branch, as<br />

“The Voice of Business” aims to be<br />

a leader in business development.<br />

It therefore runs the Annual<br />

Business Awards (Aba) to recognise<br />

excelling and outstanding<br />

business leaders and companies<br />

who are striving to harness economic<br />

growth through strategic<br />

implementation and innovation<br />

for the development of our national<br />

economy.<br />

All nominees were requested to<br />

highlight their organisation’s history<br />

and performance focusing<br />

on the critical and important role<br />

played by the nominee.<br />

Management of people, tasks,<br />

processes and macro-environmental<br />

fundamentals helped the<br />

adjudicators to have an insight<br />

on the leadership style used by<br />

the nominee. In some instances<br />

nominees were requested to submit<br />

copies of papers they have<br />

presented on various facts of business<br />

or on social issues and even<br />

press cuttings applicable, among<br />

other important information.<br />

The information provided is<br />

treated with strict confidence and<br />

is used in the adjudication process<br />

only. The adjudication process<br />

was not made easy due to the high<br />

quality of nominees in the various<br />

categories. However, they had to<br />

come up with winners.<br />

The chamber also awarded the<br />

Rural Business Person of the<br />

Year focusing on the company’s<br />

growth strategy, vision, profitability,<br />

human resources welfare,<br />

philanthropic work etc.<br />

What makes a business award<br />

winner?<br />

Winning businesses were selected<br />

on the basis of their ability to<br />

operate truly sustainable and innovative<br />

businesses, demonstrating<br />

excellence in:<br />

• Overall profitability, return<br />

on investment and growth;<br />

• Long-term business strategy,<br />

vision and focus;<br />

• Leadership, board composition,<br />

culture and values;<br />

• Investment in employees;<br />

• Innovating to address a<br />

market need;<br />

• Compliance with statutory<br />

requirements e.g. Nssa,<br />

Zimra etc<br />

• Making a contribution to<br />

the community;<br />

Selection criteria<br />

1.Businessman/Business Woman<br />

Award<br />

• Mature business<br />

• Does the nominee provide<br />

recognition for charting<br />

new frontiers in business<br />

acumen, management and<br />

adroitness with inevitable<br />

windfalls to economic<br />

resuscitation<br />

• Contribution to good corporate<br />

governance in their<br />

company, ethical and sustainable<br />

business practices<br />

(environment, safety,<br />

quality, health etc.)<br />

• business leaders who<br />

serves as role models<br />

to <strong>Zimbabwe</strong>’s aspiring<br />

entrepreneurs and who<br />

demonstrate business<br />

excellence<br />

• Innovation and<br />

entrepreneurship<br />

• Human resources<br />

development<br />

• Corporate social responsibility<br />

(philanthropic work)<br />

2. Entrepreneur of the Year Award<br />

• The nominee should be<br />

the one who started up the<br />

business<br />

• Nominee must be the one<br />

running the business<br />

• Demonstration of exceptional<br />

entrepreneurial<br />

qualities and best practice<br />

• Demonstration of exceptional<br />

adaptation in their<br />

industry and in the face<br />

of prevailing business obstacles<br />

- innovation and<br />

entrepreneurship<br />

3.Most Innovative SMEs Award<br />

• This is a small to medium<br />

size business on its growth<br />

path<br />

• High ethical standards of<br />

behavior towards customers,<br />

suppliers, users, shareholders,<br />

employees, and<br />

communities in which they<br />

do business.<br />

• Demonstration of exceptional<br />

adaptation in their<br />

industry and in the face<br />

of prevailing business obstacles<br />

- innovation and<br />

entrepreneurship<br />

4.Best Improved Exporter Award<br />

• Use of export figures<br />

from the Reserve Bank of<br />

<strong>Zimbabwe</strong><br />

5. Best Corporate Social Responsibility<br />

Programme-HIV/Aids<br />

• Use of information received<br />

from PSI <strong>Zimbabwe</strong>, Ministry<br />

of Local Government<br />

(Civil Protection Unit), Philanthropy<br />

Institute of <strong>Zimbabwe</strong><br />

etc.<br />

For further information, please<br />

contact Christine Kahari Regional<br />

Manager, ZNCC Harare Branch.<br />

Awards Ceremony


6<br />

<strong>Zimbabwe</strong> <strong>independent</strong> june 6 tO 12, <strong>2014</strong><br />

ZNCC HARARE BRANCH<br />

The Benefits of Mentoring<br />

Do not underestimate your ability to teach.<br />

SUCCESS without successors is tantamount<br />

to failure. It’s rather difficult to walk a new<br />

path that could come with all new experiences<br />

and guarantees for any outcome are<br />

not given. That alone makes it vital and<br />

necessary for mentoring. A Corporate culture<br />

common in large organizations is their<br />

preference for any high level appointment<br />

in management; the executives would have<br />

“grown up” with and within the organization.<br />

That literally means they carry with<br />

them the DNA of the organization and the<br />

culture of the organization is tattooed on<br />

them. There are immeasurable benefits of<br />

having an individual who has a comprehensive<br />

understanding of how the “first floor”<br />

is to as high as it can go. All the progressions<br />

that come thereof and the responsibilities<br />

required to handle low level tasks and duties<br />

to handling the key decision making<br />

takes a nurtured someone.<br />

1. Do not underestimate your ability to<br />

teach.<br />

You do not have to be the smartest, nor<br />

most successful person in the world in order<br />

to provide direction. The fact of the<br />

matter is that you have made mistakes, thus<br />

have acquired some level of experience and<br />

insight through time. This is the knowledge<br />

that you must bestow on your protégée.<br />

Your duty as a mentor is to help them<br />

avoid some of the obstacles that you faced,<br />

so that they do not make the same mistakes.<br />

It’s safe to say you are on a time machine<br />

and have gone back into time to correct<br />

your mistakes just that you are now doing<br />

it on someone else© s path.<br />

Your ability to impart or teach is not governed<br />

or determined by how good you are<br />

or how much training you received yourself.<br />

The idea is actually is the reverse of<br />

that, where in essence your ability to recognize<br />

your mistakes as many as they are,<br />

puts you in a position to actually teach. A<br />

perfect reputation puts you in a bad position<br />

because it eliminates a common ground for<br />

relating with the mentee.<br />

2. The Mentor gets as much, if not more,<br />

from the relationship, as the mentee does.<br />

The best way to learn is to teach. It naturally<br />

shortens the time you would have<br />

needed to fully understand everything. Being<br />

a role model for the mentee becomes<br />

your main objective. In turn this imposes<br />

better control on the mentor. Your desire to<br />

be in harmony with the lessons you want<br />

them to comprehend means that you will<br />

see to yourself that you are what you teach<br />

Therefore the gap between your words and<br />

your actions narrows.<br />

Having this constantly on your mind<br />

stimulates a consciousness to make smarter<br />

decisions and behave in a more professional<br />

manner. Furthermore, mentoring allows<br />

you to refine and improve your communication,<br />

leadership and coaching skills.<br />

Talking to someone about their career goals<br />

and expectations, forces you to analyze and<br />

question your own goals and expectations<br />

and address them accordingly. An immediate<br />

self-introspection comes into place.<br />

Overally being a mentor fosters personal<br />

and professional growth. Perhaps most interestingly,<br />

the realization that you are actually<br />

administering help to somebody else<br />

serves as a nice boost to self-esteem and<br />

overall life satisfaction.<br />

3. Mentoring is for life<br />

Mentoring is a cycle; whosoever can credit<br />

mentorship for their progress attaches great<br />

value to it, so much that they put it to themselves<br />

as an obligation to continue to do the<br />

same to others. When passion is instigated<br />

that way, ideas and skills will be relayed<br />

much better.<br />

Organizations that harness and fully embrace<br />

such culture have developed a committed<br />

workforce that belong to the vision<br />

and feel they have a stake in it. They grow<br />

having it in their minds that they have a<br />

part to give that will count. Family companies<br />

like Johnson & Johnson are true to such<br />

a stamp of a nurturing philosophy. It’s sad<br />

when one leaves without imparting a fair<br />

share amount of the knowledge that has<br />

contributed to their personal and professional<br />

development. Success without successors<br />

is failure. The stories of their success<br />

become rather personal and consequently<br />

this implies the failure of the organization.<br />

Article by:<br />

David Duri<br />

daveduri@gmail.com<br />

+263775 605 363


ZIMBABWE INDEPENDENT JUNE 6 TO 12, <strong>2014</strong> 7<br />

ZNCC HARARE BRANCH<br />

DeMoyo<br />

Launch<br />

in pictures


E08<br />

<strong>Zimbabwe</strong> <strong>independent</strong> EXECUTIVE MYCLASSIFIEDS JUne 6 to JUne 12, <strong>2014</strong><br />

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required to lodge them in detail with the undersigned not later than<br />

the 6 July <strong>2014</strong> and those indebted thereto are required to pay to the<br />

undersigned the amounts due by them within the same period,<br />

failing which legal proceedings will be taken for the recovery<br />

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All persons having in their custody or possession any property<br />

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the First & Final liquidation and /or distribution account in the above<br />

estate will lie for inspection for a period of 21 days as from the 6th day<br />

of JUNE <strong>2014</strong> at the office of the Master of the High Court,<br />

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Harare on the 25th day of <strong>June</strong> 2013.NOTICE is hereby given that the<br />

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ZIMBABWE INDEPENDENT JUNE 6 TO 12, <strong>2014</strong><br />

ZIMBABWE<br />

<strong>independent</strong>xtra<br />

INDEPENDENT<br />

X1<br />

RiRi gets naughty at fashion awards<br />

CFDA awards winners<br />

Twerking up a storm in racy see-through dress ... Rihanna was honoured<br />

with the Fashion Icon Award at the annual Council of Fashion Designers of<br />

America Awards (CFDA) on Monday and she made sure all eyes were on her<br />

during — and after — the bash in a racy sheer embellished halter dress.<br />

Putting every inch of her slim figure in the naughty outfit — custom made by<br />

designer Adam Selman and comprised of a total of 216 000 Swarovski<br />

crystals — RiRi left nothing to the imagination as she picked up her award<br />

before she then went on to enjoy her new accolade. The singer celebrated her<br />

achievement in an equally saucy manner as she was seen twerking in her<br />

see-through gown after the ceremony. — Mail Online.<br />

DStv’s Pick of the Week<br />

Mission of Justice<br />

Blackbelt TV (Channel 129)<br />

Monday 9 <strong>June</strong><br />

@ 18:00 CAT<br />

• Womenswear Designer of the<br />

Year: Joseph Altuzarra (Altuzarra)<br />

• Menswear Designer of the Year:<br />

Maxwell Osborne and Dao-Yi<br />

Chow (Public School)<br />

• Accessory Designer of the Year:<br />

Mary-Kate Olsen and Ashley Olsen<br />

(The Row)<br />

• Swarovski Womenswear award:<br />

Shane Gabier and Christopher Peters<br />

(Creatures of the Wind)<br />

• Swarovski Menswear award: Tim<br />

Coppens<br />

• Swarovski Accessory award:<br />

Irene Neuwirth<br />

• Geoffrey Beene Lifetime<br />

Achievement Award: Tom Ford<br />

• Founders Award: Bethann<br />

Hardison<br />

• Media Award: Allure creative director<br />

Paul Cavaco<br />

• Board of Directors’ Tribute<br />

Award: Ruth Finley, creator and<br />

editor of Fashion Calendar<br />

• International Award: Raf Simons,<br />

Dior womenswear designer<br />

• Fashion Icon Award: Rihanna<br />

Kurt Harris<br />

goes undercover<br />

after his<br />

friend Cedric<br />

Williams is<br />

killed. He tries<br />

to stop an evil<br />

beauty Rachel<br />

Larkin with a<br />

private army<br />

of “peacemakers”,<br />

all<br />

experts in<br />

martial arts<br />

saying their<br />

purpose is to<br />

help the police<br />

reduce crime,<br />

but Larkin<br />

has her own<br />

agenda to take<br />

over the city.<br />

Kurt infiltrates<br />

the group after<br />

resigning from<br />

the police department<br />

and<br />

is branded a<br />

traitor.<br />

The prestigious Founder’s Award went to Bethann Hardison (centre), a former<br />

model and modelling agent who has been a vocal champion for diversity on<br />

runways. She poses for a photo with models (from left) Liya Kebede, Chanel<br />

Iman, Iman and Joan Smalls after receiving her award.<br />

Beyoncé, Jay Z ‘to divorce’<br />

THE internet is abuzz with reports<br />

that Beyoncé and Jay Z are<br />

preparing to divorce after the<br />

rumour that the R&B singer had<br />

been cheating on her rapper husband<br />

emerged in the wake of the<br />

now-infamous post-Met Gala elevator<br />

fight.<br />

Sources have indicated to Star<br />

magazine that the Halo singer and<br />

Julius de Boer, her bodyguard,<br />

have been having a long-term<br />

affair and that Jay Z’s suspicions<br />

were alerted long ago.<br />

However, Star magazine doesn’t<br />

exatly have a glowing record of<br />

acurate exclusives.<br />

“Jay definitely thinks that there<br />

was and may still be something<br />

romantic going on between Bey<br />

and Julius,” a source told the publication.<br />

“He wanted to fire Julius<br />

last February, but Beyoncé said,<br />

‘Julius isn’t going anywhere’.”<br />

“They’ve spent a lot of time together<br />

behind closed doors,” the<br />

insider continued. “He’s even<br />

stayed in her hotel room.”<br />

Rumors of a secret relationship<br />

between Bey and Julius first arose<br />

back in 2009 when the pair were<br />

snapped leaving a hotel in Berlin.<br />

In the photo Beyoncé’s mouth is<br />

strangely covered by her hand<br />

while Julius’ mouth is allegedly<br />

covered in red lipstick.<br />

Boer, who was in the elevator<br />

when Solange Knowles physically<br />

attacked brother-in-law Jay<br />

Z after the Met gala, is reportedly<br />

of Dutch descent and is divorced<br />

with a four year-old daughter.<br />

The rumours seem to have<br />

prompted the high-profile pair to<br />

change their bodyguard as of May<br />

31.<br />

Observers have also noticed<br />

that Beyoncé’s “IV” tattoo, which<br />

denoted her own and Jay’s birthday<br />

and their wedding date, on<br />

her hand has been fading recently<br />

and could be in the process of being<br />

removed.<br />

Jay Z and Beyoncé are currently<br />

gearing up for their joint “On The<br />

Run” world tour and neither has<br />

publicly commented on the reports.<br />

— contactmusic.com


X2<br />

<strong>Zimbabwe</strong> <strong>independent</strong> Xtra JUne 6 to 12, <strong>2014</strong><br />

weird world<br />

it’s a weird world<br />

LIVING ADS<br />

• Japanese people are being<br />

turned into living adverts warning<br />

against the dangers of excess<br />

alcohol in a campaign sponsored<br />

by a local bar.<br />

excessive drinking at the<br />

weekends in particular is a big<br />

problem in Japan as people head<br />

out to bars to let off steam after a<br />

stressful week.<br />

Coupled with the fact that<br />

many asian people have a low<br />

alcohol tolerance, it means that<br />

by the early hours of the morning<br />

there are often many people<br />

passed out at various places<br />

around the city.<br />

now in the Japanese capital<br />

Tokyo staff from the Yaocho<br />

Bar Group had been heading out<br />

in the early hours of the morning<br />

looking for the completely<br />

intoxicated.<br />

Once they have spotted someone,<br />

the staff frame them with<br />

duct tape and put slogans near<br />

their bodies warning against the<br />

dangers of drinking too much<br />

such as the word nomisugi, which<br />

means “drank too much”.<br />

The bar group said that while<br />

many people tolerated it as a way<br />

of letting off steam it was also actually<br />

a serious problem. Those<br />

who drink too much risk physical<br />

injury either from the alcohol<br />

itself or from hurting themselves<br />

while moving around while<br />

drunk, the group said. They might<br />

also end up either being robbed<br />

or mugged.— Orange news.<br />

STEALING OUT OF BOREDOM<br />

• an elderly swiss couple in<br />

the canton of Lucerne have been<br />

stealing money from church collection<br />

boxes apparently out of<br />

boredom, report the BBC.<br />

The married couple, aged 70<br />

and 73, have allegedly stolen<br />

hundreds of swiss francs from<br />

several churches since november<br />

2013, prosecutors in Lucerne say.<br />

according to them, the husband<br />

kept watch outside, while his<br />

wife emptied the boxes.<br />

The couple, who are reported<br />

to be relatively well-off, say one<br />

of their motives for the robberies<br />

was the adrenaline rush they got<br />

from “the pleasure of the forbidden”,<br />

local media report. They<br />

have now been arrested and an<br />

investigation has been launched.<br />

according to the World Bank,<br />

switzerland is one of the top five<br />

richest countries in the world,<br />

with a Gross Domestic product<br />

(GDp) per capita of almost Us$79<br />

000 (£47 000). — Orange news.<br />

DOG DIVERTS PLANE<br />

• a Us airways plane has been<br />

forced to make an emergency<br />

landing after a guide dog repeatedly<br />

relieved itself in the aisle.<br />

andrew Christie, a spokesman<br />

for the airline, said the flight from<br />

La to philadelphia made an unscheduled<br />

stop in Kansas City.<br />

a cleaning crew on the ground<br />

eventually came to the rescue,<br />

but the journey time for passengers<br />

doubled to more than 14<br />

hours. The flight continued after<br />

the mess was cleaned up by Us<br />

airways staff on the ground.<br />

The passenger and guide dog<br />

were rebooked onto another<br />

flight.<br />

Christie said the incident was<br />

a “rare and unfortunate situation”.—<br />

Orange news.<br />

Drunk in Japan<br />

A couple has been accused of stealing money from church funds.


<strong>Zimbabwe</strong> <strong>independent</strong> Xtra JUne 6 tO 12, <strong>2014</strong> 3<br />

Food<br />

Travel &<br />

ZIMBABWE<br />

INDEPENDENT<br />

Ethiopian week at Café Afrique<br />

WHEN I had a phone call inviting<br />

me for a last-minute Ethiopian<br />

lunch at Café Afrique, Cresta<br />

Oasis, I echoed a sick mid-1980s<br />

joke: “Will there be actually anything<br />

to eat?”<br />

Because in the mid-1980s,<br />

around half-a-million Ethiopians<br />

died of starvation and possibly<br />

more than twice that number perished<br />

from human rights abuses<br />

and war in that hauntingly lovely<br />

mountainous country.<br />

The last I heard, Mengistu Haile<br />

Mariam, the diminutive communist<br />

colonel found guilty in absentia<br />

of the genocide of possibly twomillion<br />

of his then countrymen,<br />

women and children was still living<br />

in a grace-and-favour villa at<br />

Gun Hill, Ha-ha-ha-re (Africa’s<br />

fun capital) as the mostly unwelcome<br />

guest of the <strong>Zimbabwe</strong> taxpayer;<br />

(you and me!)<br />

I was very impressed with the<br />

food service and value for money<br />

at Cresta Oasis, especially the a la<br />

carte menu (US$6-US$12) when I<br />

visited a few months ago, the first<br />

time since May 2007 (when the<br />

buffet then cost ZW$150 000 and<br />

December of that same year when<br />

the same meal had sky-rocketed<br />

to ZW$30 million!)<br />

It was really a bit pointless inviting<br />

me to sample Ethiopian<br />

graze last Thursday, as the weeklong<br />

gastronomic speciality finished<br />

two days later, and unless<br />

my readers have their own version<br />

of HG Wells’ Time Machine and can<br />

turn back the clock a week, this<br />

review can be of purely archival<br />

interest.<br />

But it did some good, as planned<br />

future Mozambican and Kenyan<br />

food and drink weeks at Café Afrique<br />

will be subject to a muchneeded<br />

“dry-run” chefs’ table a<br />

fortnight in advance; then we restaurant<br />

reviewers can mark readers’<br />

cards in plenty of time.<br />

Addis envoy<br />

Another problem was that the<br />

Ethiopian specialities were apparently<br />

exclusively served at<br />

supper time (the Addis Ababa<br />

Ambassador was due to dine<br />

there that night) and we went for<br />

lunch when there was only a mere<br />

Eating Out<br />

DUSTY MILLER<br />

External view at Cresta Oasis in The Avenues<br />

sample of the special spicy, flavoursome<br />

dishes available. They<br />

shared the same buffet display<br />

and similar black three-legged<br />

pots as traditional <strong>Zimbabwe</strong>an<br />

dishes, including the dreaded<br />

mopani worms!<br />

Lentil soup, rightly a firm family<br />

favourite throughout the Horn<br />

of Africa and Middle East, was<br />

“on” at night, but at lunch we had<br />

a rather thin and slightly oversalted<br />

quotidian cream of vegetable<br />

soup, in which the principal<br />

ingredients were corn-flour and<br />

water!<br />

For my main course I thoroughly<br />

enjoyed the very traditional<br />

Ethiopian fish dish tilapia berbere<br />

(fried bream with very spicy vegetables)….allegedly<br />

nothing to do<br />

with the Berbers or the Barbary<br />

Coast… and a little doro wat chicken<br />

(huku with hard-boiled eggs), plus<br />

a wee bit of chopped up local roast<br />

pork chop.<br />

Alecha (vegetable stew), sega wat<br />

(fish stew) and kifto (finely minced<br />

meat in spices) were also listed for<br />

supper. In Ethiopia (and I must<br />

admit never having got outside<br />

the dreadfully depressing 1950s<br />

hangar-type Bole Airport, with<br />

toilet accommodation to match,<br />

in the last 40 years!) you eat by<br />

rolling the food up with your right<br />

hand in njera (like a large sourdough<br />

flat-cake) and Café Afrique’s<br />

very talented chefs made a<br />

sound effort at authentically replicating<br />

this trademark starch.<br />

No Ethiopian drinks were available<br />

(St George light lager beer is<br />

very acceptable, even in Bole Airport!)<br />

and tej is a deceptively sweet<br />

honey-wine or mead drink (often<br />

home-made) which can blow<br />

your head off. I had two glasses of<br />

hotel’s anonymous chilled house<br />

white wine, from the Cape.<br />

I don’t think any Ethiopian<br />

puddings were available on the<br />

attractive display at lunch time,<br />

but I was truly delighted to be introduced<br />

to a house speciality of<br />

ice-cream made from the pods of<br />

the baobab tree, which was memorably<br />

wonderful.<br />

Personally I wouldn’t wait for<br />

the next Pan-African food week<br />

to take place at Café Afrique, but<br />

rather go there for the great steak,<br />

chicken, burger and fish dishes<br />

served a la carte…or try the “interesting”<br />

black caterpillar fried mopani<br />

worms if you dare!<br />

Café Afrique at Cresta Oasis in<br />

Nelson Mandela Avenue is in a<br />

residential hotel and opens for<br />

breakfast daily, and then serves<br />

much of the sort of food described<br />

above from 10am to 9pm<br />

daily. Eating indoors, on a shady<br />

verandah, or around an attractive<br />

swimming pool. Smoking/no<br />

smoking areas. Child and handicapped<br />

friendly. There is plenty of<br />

guarded, safe parking off the sanitary<br />

lane behind the hotel, or on<br />

Nelson Mandela Avenue.<br />

dustym@zimind.co.zw<br />

Buffet items included tilapia berbere from Ethiopia<br />

Crispin Chimuvuri, the hotel’s<br />

general manager<br />

Mopani worms!<br />

Part of the attractive buffet. — All pictures by Dusty Miller.<br />

Three-legged pots keep the food hot


4<br />

ZIMBABWE INDEPENDENT XTRA JUNE 6 TO 12, <strong>2014</strong><br />

ADVERTORIAL<br />

UN–PRI official’s visit to address the<br />

Shareholders and Investors Forum on<br />

Responsible and Sustainable Investing in<br />

<strong>Zimbabwe</strong><br />

A United Nations – Principles<br />

on Responsible (UN-PRI),<br />

Managing Director, Ms. Fiona<br />

Reynolds will be in <strong>Zimbabwe</strong><br />

next week to address a<br />

conference organized by the<br />

Institute for Sustainability<br />

Africa (Insaf) in conjunction<br />

with the Securities and<br />

Exchange Commission of<br />

<strong>Zimbabwe</strong> (SECZIM). The<br />

conference will be held on the<br />

13th of <strong>June</strong> <strong>2014</strong>, at Cresta<br />

Lodge, Harare. The conference<br />

will be official opened by<br />

the Minister of Finance and<br />

Economic Development, Hon.<br />

P Chinamasa.<br />

The conference, which is aimed<br />

at encouraging responsible<br />

and sustainable investing in<br />

<strong>Zimbabwe</strong> by highlighting<br />

shareholders (including<br />

minorities) and investors’ rights<br />

and responsibilities whilst<br />

also influencing consideration<br />

of Environmental, Social and<br />

Governance (ESG) issues in<br />

investing decisions, it will<br />

will help shape the image of<br />

<strong>Zimbabwe</strong> in attracting investors.<br />

INSAF Chief Executive Officer,<br />

Rodney Ndamba, said that<br />

this will be an important event<br />

for <strong>Zimbabwe</strong> as we seek<br />

foreign direct investment. As<br />

such, developing sustainable<br />

business practices and corporate<br />

governance values will be crucial<br />

at they are becoming increasingly<br />

becoming key to responsible<br />

investors including the World<br />

Federation of Exchanges. To<br />

achieve this, shareholders and<br />

investors will need to be active<br />

in the companies they invest by<br />

demand accountability and good<br />

corporate governance practices’.<br />

The conference will also be<br />

addressed by Mr. Xolisa Dhlamini,<br />

the UN –PRI Network Manager<br />

for Southern Africa based in<br />

South Africa and Mr. Theo Botha,<br />

an Independent Consultant and<br />

Minority Shareholder Activist in<br />

South Africa. Locally, the Chief<br />

Executive Officers of the hosting<br />

organizations will be presenting,<br />

including a representative from a<br />

law firm with broad experience in<br />

corporate matters.<br />

The event is expected to<br />

be attended by trustees of<br />

various institutions, minority<br />

shareholders, investors, capital<br />

market players and stakeholders.<br />

Ms Fiona Reynolds<br />

Managing Director, United Nations<br />

– Principles of Responsible Investing<br />

(UN-PRI)<br />

INSAF in conjunction with SECZ<br />

INVITES YOU TO THE<br />

2nd SHAREHOLDERS & INVESTORS FORUM: ON SUSTAINABLE & RESPONSIBLE INVESTING IN ZIMBABWE,<br />

13 <strong>June</strong> <strong>2014</strong>, Cresta Lodge, Harare (0800- 1400Hrs)<br />

Hon. P Chinamasa<br />

Minister of Finance &<br />

Economic Development<br />

Ms F Reynolds<br />

Managing Director<br />

UN – PRI<br />

United Kingdom<br />

FOCUS OF PRESENTATIONS & DISCUSSIONS:<br />

Mr. T Chinamo<br />

Chief Executive<br />

SECZ<br />

• Shareholders Role and responsibilities in driving Sustainable and<br />

Competitive capital market;<br />

• United Nations – Principles on Responsible Investing<br />

Mr. Theo Botha<br />

Consultant<br />

CA Governance<br />

South Africa<br />

Mr. X Dhlamini<br />

Network Manager<br />

UNPRI Southern Africa<br />

South Africa<br />

Mr. R Ndamba<br />

Head, INSAF<br />

• Shareholder Activism: Experiences and Impact of Minority Shareholders<br />

in South Africa;<br />

• Shareholders Legal Rights and Responsibilities<br />

JERICHO 036051<br />

REGISTRATION<br />

For Registration, Please call: 08644109755 or Pelagia (077355839) or Freeman Murandu (0774138083) or visit us at 7 Capri Road, Highlands, Harare (C/O – YETT) or<br />

Email: admin@instituteforsustainabilityafrica.org or institutesaf@gmail.com to request registration form, Investment: $100.00<br />

PARNTERS

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