Mugabe Turns to Bona to Save Firm

via Zimbabwe: Mugabe Turns to Bona to Save Firm – allAfrica.com 25 October 2015

President Robert Mugabe has turned to his daughter Bona to rescue his Gushungo Holdings Company, which is reportedly struggling to stay afloat.

Sources said Bona reported for work two weeks ago and called for an emergency meeting at which she read the riot act to the management team led by Albert Nhari.

“She was very angry with the state the company is in. Bona openly told workers that she was not happy with management and dressed Nhari and his team down,” one of the sources said.

“Workers were asked to air their grievances and she promised to look into them. It was a hairdryer kind of meeting for Nhari and his colleagues in management.”

While insiders claimed most members of Nhari’s management team had been relieved of their duties, the Gushungo Dairies general manager on Friday said he was still “at work”.

“I am actually at work and still have my job. Nothing of that sort has happened,” Nhari said.

But Nhari is said to be “walking dead” waiting for the conclusion of an audit that is likely to be used as the basis for his dismissal.

Sources claimed Nhari had already been replaced by a man only identified as Zietsman.

Mugabe’s spokesperson George Charamba did not directly respond to questions sent to him on the matter, although he answered some to do with a story published in our sister paper NewsDay about alleged gay ministers.

Gushungo Holdings subsidiary, Alpha and Omega Dairies, was also reportedly reeling under the weight of a $20 million debt as loses pile up.

Mugabe and his wife are said to be actively seeking out potential investors to shore up the crumbling empire touted as a “showcase” of the land redistribution exercise that turned into chaos and brought Zimbabwe’s once thriving agricultural sector to its knees.

Insiders said Bona was leaving nothing to chance in her quest to rid the company of underperformers.

“She is cleaning up the mess and some white faces are being seen, including relatives from her husband’s side,” said another source.

“Rot and maladministration have thrived; managers have run down Gushungo Dairies, stolen money and abused resources.

“Some cattle are missing, machine breakdowns have become more frequent, leading to severe product shortage. There is poor corporate governance with nepotism the order of the day.”

Mugabe two weeks ago claimed external auditors hired to sift into the company’s accounts had unearthed shocking details.

“Some [of the employees] did accounts, but prefer not to follow proper accounting procedures to hide their thievery. We have hired auditors from Ernst & Young and what they are unearthing is shocking,” he told mourners during the burial of a relative recently.

Early this year, three employees at Mugabe’s multi-million dollar farming empire, were hauled before a Bindura magistrate and jailed for theft.

One of the employees, Okay Mataramvura claimed he had been savagely tortured in police custody and forced to implicate five other workers.

Two were acquitted, but human rights groups cried foul, accusing Mugabe’s government of institutionalising torture.

The other three were reportedly jailed for defrauding Mugabe of over $100 000.

Mugabe seized Gushungo Holdings Farm in 2013. The farm was formerly owned by a white couple.

The First Family went on to establish a dairy operation, said to produce in excess of 375 000 litres of milk per month, with the farm boasting 2 000 dairy cows.

In August last year, Mugabe told his Zanu PF party’s Youth League congress after donating food that he was yet to make a profit out of his investment.

COMMENTS

WORDPRESS: 15
  • comment-avatar
    Yayano 7 years ago

    This is the problem we see all the time – bring in Bona with no experience running a company of this kind apart from being president’s daughter.
    Now he dresses down management in front of the workers, what kind of management is that? Management by fear and threats?
    Unfortunately you see this repeated across a number of companies esp. the indigenous ones and eventually they fold.
    I hope this one follows suit.

  • comment-avatar

    “She is cleaning up the mess and some white faces are being seen, including relatives from her husband’s side,” said another source.

    “Rot and maladministration have thrived; managers have run down Gushungo Dairies, stolen money and abused resources.

    “Some cattle are missing, machine breakdowns have become more frequent, leading to severe product shortage. There is poor corporate governance with nepotism the order of the day.”

    This is microcosm of the whole country – with the glaring exception of the “white faces” so necessary to sort out the mess.

  • comment-avatar

    the chief of all thieves is being stolen from!!! HA HA HA HA HA!!!!!!

  • comment-avatar
    IAN SMITH 7 years ago

    Hahahah!! Mugabe has white Inlaws how did that happen. He gave his Bona to whites.

    The very creatures he detests this is madness. Now they (whites) are on the farm amazing. This is a U turn if ever there was one.

    Mugabe has seen the white light at 91 at last hehehehe!!

  • comment-avatar
    Zvekuba Hazvibudiriri 7 years ago

    Zvese zvinhu zvekuba nekubira vanhu hazvizimbofa zvakabudirira Baiberi rinotaura. Bona ano ziveyi nezve ‘Dairy Farming’ kunze kwemuromo chete? Matakanyanya chaiwo. Ko mapurisa anopindirei munyaya ye’private company’? Shame!

  • comment-avatar
    former farmer 7 years ago

    Do the sums. 2000 cows producing 375 000 lt per annum. Ok 25% are dry cows waiting to calve. ( if correctly managed )
    So we have 1500 in production under an efficient programme and producing 375 000 lt per annum.

    375 000/ 1500 = 250 lt per cow per annum now divide that by 365 days and you end up with 0.68 lt per cow per day. errr there is the problem Bona each one of those quality cows should be giving an average 20 lt per day if milked twice a day.
    Even if half the herd was dry you still only end up with 1.03 lt per head, but then you have the cost of maintaining them so no profit.
    If the cows that are being milked are producing to their average then you end up with a mere 52 cows being milked each day and 1948 being maintained, there goes the $20 million.

    So the core issue is total lack of understanding and knowledge of the industry. Nivara’s, fat salaries, air conditioned offices, a UZ degree and several secretaries do not make you a manager. Hard graft, understanding and passion for the industry will get you a lot further. Eeish and I only got 4 O levels.

    • comment-avatar

      Read the article again White Farmer. It says 375 000 liters per month; not per annum. Repeat your business analysis again using this new information to get the figures. I don’t know anything about this business; I just want to correct the observation

  • comment-avatar
    holy moyo 7 years ago

    So Mugabi murderer the thief and chief looter in zimbabwe, who has 15 stolen farms is being stolen from. why is the thief crying ?

    • comment-avatar
      maivepi 7 years ago

      White man, Rhodesian sore loser- take your rhodhie mess elsewhere, preferably newrhodesia.net you will have a lot of company there…it’s a losers’ wankfest

  • comment-avatar
    Justice 7 years ago

    Seems like they are getting some of what they have dished out for so long….it pains me that the company may be saved!

  • comment-avatar

    OK ROBERT – GIVE US BACK OUR FARMS AND I WILL COME AND INVEST IN “YOUR” DAIRY AND GET IT PROFITABLE AGAIN.

  • comment-avatar
    C Frizell 7 years ago

    There does not seem to be much sympathy for The Mafia in general. Ho!

  • comment-avatar
    former farmer 7 years ago

    @sokomurehwa

    Shamwari I am Zimbabwean just like you, hence former farmer and not a racist like you to claim I am a white farmer. I have every right to farm like any other Zimbabwean.

    You are correct it is per month so my sums now equal 8.3lt per cow day based on the best case scenario of 1500 cows in production. Well short of any meaningful or profitable level.

  • comment-avatar
    harper 7 years ago

    “Spes Bona” Caesar sic in omnibus.