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Showing posts with label In The News. Show all posts
Showing posts with label In The News. Show all posts

Wednesday, 17 August 2016

Gono in the RED

Former Reserve Bank of Zimbabwe Governor Dr Gideon Gono’s Greystone Park property will next week be auctioned over non-payment of a $1,3 million debt.


Gideon Gono
Gideon Gono
Gono bought several vehicles on credit from a local car dealer Oasis Motors six years ago for his staff and operations at Lunar Chickens and other companies, but failed to settle the debt.
Oasis Motors successfully sued Dr Gono at the High Court and obtained an order for payment of the debt. Dr Gono did not pay the debt resulting in the attachment of the immovable property in Greystone Park measuring 4 654 square metres.
Yesterday, Zim Auctions and Real Estate advertised the sale of Number 8 Edstone Road, Greystone Park. The property will be auctioned on August 26, in Harare.
Oasis Motors filed summons for provisional sentence at the High Court on the strength of an acknowledgement of debt signed by Dr Gono on January 31, 2009 when he bought the vehicles.
In the summons filed by Oasis Motors’ lawyers Chitewe Law Practice on January 27 last year, Oasis claimed $1 319 000 with interest.
Dr Gono received vehicles for his staff and operations at his companies, including Lunar Chickens on credit. The vehicles were valued at $1 749 000, but Dr Gono partly paid the debt, leaving a balance of $1 319 000.
According to the agreement, Dr Gono was supposed to pay the debt in full by January 31 2010, but failed.
Despite demand, Dr Gono did not settle the debt, resulting in Oasis Motors instituting legal proceedings at the High Court.
In his opposing affidavit dated February 17, 2015, Dr Gono argued that at the time when the agreement of sale was signed, charging in foreign currency was illegal hence the acknowledgement of debt relied upon by Oasis Motors should be dismissed as an illegality.
Dr Gono also argued that the acknowledgement of debt relied upon is dated January 31 2009, hence the suit must fail because it was filed outside the three-year period permitted in terms of the Prescription Act. Oasis Motors, however, won its case. Source: The Herald

Friday, 12 August 2016

Plot to purge Zim Vice President?


ZANU PF’s youth and women’s leagues have stepped up their campaign to push out Vice-President Emmerson Mnangagwa and have him replaced by a female candidate, amid reports the two party structures were planning to hold crunch meetings next week to set the ball rolling for an extraordinary congress.
Party insiders told NewsDay that First Lady Grace Mugabe and Senate President Edna Madzongwe’s names were being mentioned, as potentials to replace Mnangagwa under the guise of seeking gender parity.
Contacted for comment, Zanu PF commissar, Saviour Kasukuwere yesterday said the party would be guided by its constitution.
“We always follow the constitution of the party,” he said, without elaborating further.
Women’s league deputy secretary, Eunice Sandi-Moyo declined to comment on the matter, saying: “If your source told you that, then why are you asking me? You want me to confirm what your sources have told you? Why don’t you ask your sources to clarify?”
Knives have long been out for Mnangagwa, who is accused of leading Team Lacoste, a faction that is reportedly campaigning for him to replace President Robert Mugabe, an accusation the Vice-President has
denied.
Mnangagwa landed the Vice-Presidency at the party’s 2014 congress. Zanu PF’s next congress is due in 2019, a year after the crunch 2018 elections, which Mugabe has already expressed interest to contest.
A source revealed calls for an extraordinary congress would soon be made by several provinces.
“The congress will be pushed by provinces, as provided for under article 26(1c) of the (Zanu PF) constitution,” the source said.
“The youth and women’s leagues are critical players in this strategy. Soon, they will be convening meetings at national level and afterwards their resolutions will cascade down to provincial structures. Their resolutions will be used to mobilise the lower structures in calling for an early congress.”
Quizzed over the feasibility of such a plot, a top Zanu PF official, who declined to be named for security reasons, said the resolutions will be coming as a directive and provincial executives will be forced to abide by the orders.
“That will be a directive and you know how we deal with directives in Zanu PF. The resolutions will be implemented as they are,” the official said.
“What we are only looking forward to, at the moment, is to first have a resolution, then buy-in will not be a problem.”
Section 26 of the Zanu PF constitution provides that an early congress may be convened “wherever it is deemed necessary and at the instance of: (a) the majority of the members of the central committee; or (b) the President and first secretary, at the instance of not less than one-third of members of the central committee; or (c) the President and first secretary, at the instance of at least five provincial executive councils by resolutions to that effect”.
Already, some youth leaders and war veterans have implored the party to call for a special congress that will decisively decimate Mnangagwa’s faction and his ambitions to succeed Mugabe.
Addressing war veterans recently at the Zanu PF headquarters in Harare, Manicaland Provincial Affairs minister Mandiitawepi Chimene said an early congress was the panacea to the Zanu PF succession wars.
She singled out Mnangagwa, as the source of problems rocking Zanu PF and cited a litany of allegations against him.
Another Zanu PF source said a motion for Mnangagwa’s ouster would be kickstarted in the coming weeks, so that all necessary procedures are met.
“Because section 28 gives a timeframe and circumstances for the holding of an extraordinary congress, it is prudent that the motion moves now so that by December, all procedures would have been met,” the source said.
“The President, after receiving the resolution, has to forward it to the secretary for administration (Ignatius Chombo), who has six weeks to give notice of the said session.”
The latest anti-Mnangagwa campaign comes after the women’s league failed last year to push through a resolution for the appointment of a female Vice-President.
Since his appointment as Vice-President in 2013, Mnangagwa has fought numerous internal battles to save his job, as senior party officials, including Grace, have publicly accused him of clandestinely plotting Mugabe’s ouster. - Source Newsday