Companies pressured to fund Zanu PF conference

HARARE - Vice President Phelekezela Mphoko is reportedly pressuring blue-chip companies to sponsor the forthcoming Zanu PF conference in Masvingo, which many of the corporations have done for the ruling party for decades, amid reports the conclave is facing a critical funding shortfall.

The pressure is emerging as some businesses and trade groups are privately debating whether to scale back their funding as their earnings dwindle, with consumer spending hammered by an economic slowdown.

Mphoko told a Zanu PF Bulawayo fundraising dinner on Saturday that it was disturbing to note that some “blue-chip companies that are performing well are not willing to help the party in its activities yet they are the direct beneficiaries of its policies.”

Blue chips generally sell high-quality, widely accepted products and services and operate profitably in the face of adverse economic conditions, which helps to contribute to their long record of stable and reliable growth.

A paltry $20 000 was raised in cash and kind at the fundraising dinner, with the Mphoko family, which owns the Botswana-based and JSE-listed fast-expanding retail chain Choppies, which operates 29 outlets in Zimbabwe, donating only

$3 000 and fuel to ferry delegates at the conference — running from December 13 to 18.

The Zanu PF party needs $4 million for the annual conference, which will be ironically held in the hunger-stricken Masvingo Province.

Zanu PF Masvingo provincial chairperson Amasi Nenjana claimed the province was geared to host the conference, insisting the province has raised enough money.

“We are now ready, we have many companies who agreed to support us and everything is still in the right direction in terms of financial aid,” Nenjana told the Daily News yesterday.

While President Robert Mugabe’s Zanu PF is indeed popular with a dwindling number of Zimbabweans, he is wildly unpopular with even more of them thanks to his toxic combination of violence and human rights abuses, a fragile financial sector, wage pressures in the public sector, limited State revenue and massive unemployment.

Zanu PF is also reportedly forcing several State institutions to fund and others to refurbish and carry major infrastructural developments at the venue of the annual conference at the Masvingo Agricultural Showgrounds.

Comments (5)

Those companies pay taxes dont they??....What more does Mboko need??

Yenzile - 7 December 2016

y force people ... hey.....

brodney mawire - 7 December 2016

THIS IS BULL WHY DON'T THE CHEFS PAY THEY STOL ALOT OF MONEY, ASK GRACE TO FUND IT. ZANU IS A PARTY THEIR SUPPORTERS SHOULD FUND IT

ALEXIO - 7 December 2016

y force people ... hey.....

brodney mawire - 7 December 2016

IYI INONZI MBOKO YAKAITA SEI NHAI, SUPRISING KUTI VANHU VANONGONYUKA VONZI VP.ZANU IS SHIT.

observer - 8 December 2016

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