RioZim CEO mum on 'hasty' resignation

HARARE - RioZim Limited (RioZim)’s former chief executive Ashton Ndlovu has refused to speak on his abrupt resignation from the listed mining concern.

While the group said his departure was “unexpected”, Ndlovu – a former chairpers+on of KW Blasting – said “just take it as it is (RioZim’s statement).

“Nditori kupurazi izvezvi (I am at my farm right now),” he told Business Daily, after refusing to disclose the personal interests he is now pursuing.

According to sources, Ndlovu had been at loggerheads with the company’s board over management issues and “the dispute had finally reached a boiling point”.

His resignation is with effect from September 13.

RioZim said Noah Matimba will be acting chief executive officer “until the selection process is complete”.

Ndlovu took over from long serving Josphat Sachikonye in April 2012 and steered the mining concern through a challenging operational era, which included extinguishing its huge debts.

Last year, RioZim almost went into judicial management as banks, owed more than $40 million, sought to recover their funds. 

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