AAG ask Chombo to ban foreign CEO

via AAG ask Chombo to ban foreign CEO – New Zimbabwe 28/10/2015

THE Affirmative Action Group (AAG) has written to home affairs minister dismissing the application of appeal by Bhakresa (Tanzania) Limited after its Tanzanian national was denied a work permit to head Blue Ribbon Industries (BRI) operations in Zimbabwe.

AAG’ move follows reports that Bhakresa Ltd had written to the home affairs minister Ignatius Chombo appealing against the decision by the Department of Immigration to deny issuance of a work permit to its incoming CEO.

BRI is the country’s second largest grain milling company and is ranked in the top twenty largest milling entities in Africa.

Its divisions include BRI Logistics, JA Mitchells, Blue Ribbon Foods and Nutresco Foods.

AAG national president Chamu Chiwanza’s letter to the home affairs minister which is in possession of NewZimbabwe.com, says it is improper and unfortunate, if not condescending, for Bhakressa (Tanzania) Limited to attempt to appoint a foreigner to head its BRI operations given the abundant human resources the country is endowed with.

The letter is also copied to the new indigenisation and economic empowerment minister, Patrick Zhuwao.

“Hon Minister, as you may be aware, milling sector is 100% reversed for local indigenes in terms of the Indigenisation Act.

“The decision by the line ministry to allow Bhakressa to wholly acquired Blue Ribbon plus 20 year holiday compliance is unprecedented and an extreme compromise.

“We respectfully submit that this dispensation is more than a compromise and, as such, it will be a sad day for black empowerment movement if our black government gives further dispensation to Bhakresaa (Tanzania) Ltd work permit for a foreigner to head its operations.

According to AAG, Zimbabwe has thousands of equally qualified and competent people to head BRI operations.

Last month, BRI creditors approved the takeover of the company by the Tanzanian company to revive the food processor and $18.3 m was immediately injected with a further $40 million coming in the next 5 years.

BRI had closed in 2012 due to funding limitations and was placed under judicial management.

The Tanzanian conglomerate has operations in Burundi, Rwanda, Kenya, Mozambique and South Africa.

COMMENTS

WORDPRESS: 3
  • comment-avatar
    R Judd 7 years ago

    If you invest money usually you will not want to employ some ZANU dog to steal it

  • comment-avatar

    Why interfere with management structures when an investor has put in a fortune. Leave the company to manage its affairs. We find ourselves in this in spite of the so called locals being there. Xenophobic pigs are at play here

  • comment-avatar

    Didn’t Firipi Chiyangwa get rich through the AAG?

    And as has been said, you don’t tell investors who their CEO can be. They may very well tell you to F*kk Off