Grace Mugabe’s son seizes control of mine

via Grace Mugabe’s son seizes control of mine | SW Radio Africa by Nomalanga Moyo on Friday, October 4, 2013

Grace Mugabe’s son from her first marriage, Russell Goreraza, has seized control of Tolrose Gold Mine in Kadoma, amid reports of an ownership feud.

According to the NewsDay newpaper, Goreraza took control of the mine on Monday after buying some shares from Patterson Timba “who was embroiled in a protracted legal wrangle with Jameson Rushwaya over the ownership of the mine.”

The paper reported that Goreraza, whose knowledge of mining is unclear, “allegedly stormed the mine at Eiffel Flats in the gold-mining town on Monday, armed with letters showing that he had taken over ownership of the company.”

Goreraza is said to have declared himself the majority shareholder and proceeded to deploy his security guards to take charge of the mine, in a move that is said to have cause anxiety within the company’s 325-strong workforce.

Rushwaya confirmed the development to the NewsDay and said, “business should be conducted in a legal and transparent manner so that we can grow our economy”.

Political commentator Lameck Mahachi said the manner in which Goreraza has carried out the takeover indicates the way ZANU PF does business.

“This is no different from the on-going company and land seizures where ZANU PF officials walk up to anyone whose business they fancy and declare themselves sole owners.

“This is not procedural or legal. Goreraza is using his position as the son of the First Lady to throw his weight around and this is a culture within ZANU PF. They don’t respect any laws. There is no indication that there were any boardroom discussions or meetings with the other shareholder regarding him joining the mine.

“This paints a dark picture of Zimbabwe to those who may be interested in investing in the country. How can you want to invest in a country that operates like a kangaroo court,” said Mahachi.

The takeover was said to have been done through a company called Boulware Consulting which is owned by Goreraza and a Gladys Chiedza Chiwaya.

 

COMMENTS

WORDPRESS: 14
  • comment-avatar
    Macon Pane 7 years ago

    Such as this being common practice in Zim will continue to erode investor interest. Actually, it’s already dissolved, and antics such as this will keep it that way. There are plenty interesting investment opportunities in Africa, without putting resources into Zim and within the grasp of ZANUPF. That’s just not sound. That’s not even “risk”… that’d be an open and shut case of foolhardy mismanagement bordering on embezzlement.

  • comment-avatar

    Well planted in the footsteps of mommy and step daddy. The rotten apple did not fall far from the tree.

  • comment-avatar
    chimusoro 7 years ago

    A shrewd and opportunistic entrepreneur.

  • comment-avatar

    Mampara just like mom and madala stupid

  • comment-avatar
    nesbert majoni 7 years ago

    Kumbabwa kwemigodhi kwatotanga vakomana tichiona

  • comment-avatar
    peter 7 years ago

    when zimbabwe gets it’s own curency he can buy all party’s out at he goverment offical exchange rate to the US dollar. and we can all av cake and tea LOL!!!

  • comment-avatar
    Zeezee 7 years ago

    He has had a good teacher, like mother like son! Unfortunately he will get away with it just how the “Dis” Grace did. The Mugabe name will forever be known in history as the most cunning thieves of a country’s resources!

  • comment-avatar
    munzwa 7 years ago

    whats changed?

  • comment-avatar

    I use the same words ushered in the UN.
    ‘Shame, Shame, Shame’

  • comment-avatar
    Tongai 7 years ago

    If he paid for it , then its fine ? But if he took it by force he must go to jail with his mother once the oldman is gone

    • comment-avatar

      Ah yeah like mother like son. If he paid forit why would he storm the offices? There must be proper legal procedures of hand over and take over surely?

  • comment-avatar
    Zvomukonde 7 years ago

    @tongai either way “its not fine” dont be careless with words…

  • comment-avatar
    Tjingababili 7 years ago

    FAMILY CULTURE! SNATCHING WHAT DOENT BELONG TO YOU!

  • comment-avatar
    tonyme 5 years ago

    Why get the security agents in order to storm the offices? Why also did he not just show the papers. How much was paid in order to become majority owner. As they investigate Mujuru, they should also investigate this boy. What kind of work did he do to afford a mine?