Zanu PF costs balloon

HARARE - Zanu PF’s salary bill has increased substantially after a decision was made to accommodate bigwigs left out of President Emmerson Mnangagwa’s lean Cabinet as full time party employees.

Mnangagwa, who is also Zanu PF’s first secretary, recently threw his comrades whom he excluded from Cabinet, a lifeline by promising to give them a monthly salary and other perks that come with their stations at the party’s headquarters.

But party insiders told the Daily News yesterday that the ruling party, whose businesses are in decay, will have to pay through the nose to bankroll their perks and monthly salaries.

Observers also fear that Zanu PF might take advantage of the party-State conflation to finance its programmes from the fiscus.

But Zanu PF spokesperson Simon Khaya-Moyo told the Daily News yesterday that the ruling party has enough funds from subscriptions and various other projects to bankroll the upkeep of the new appointees.

He said Zanu PF has never taken a cent from government to fund its operations.

“We have many projects and subscriptions from all over the country which run into millions. The truth is the party has its own funding. We have been funding ourselves and paying our workers all these years. It would, however, not be right for me to comment on what they will be getting; that is a private issue,” Moyo said.

The recently appointed bigwigs include former Cabinet ministers Khaya Moyo, Patrick Chinamasa, Obert Mpofu, Chris Mushowe, Edna Madzongwe, Paul Mangwana, Simbarashe Mumbengegwi, Mike Bimha, David Parirenyatwa, and Josiah Hungwe together with other Zanu PF bigwigs that include Douglas Mahiya, Lewis Matutu and Cleveria Chizema.

Most are chauffer-driven and have personal assistants.

Their all-terrain vehicles, reportedly purchased by a Harare businessman, among other perks match those of full Cabinet ministers.

Ministers often get a Mercedes Benz and an all-terrain vehicle when they start their tenure.

This comes as Zanu PF business empires have fallen, crippled by gross mismanagement and corruption.

Previous attempts to revive the empire have collapsed after cash advanced to the companies to shore up the stuttering behemoth was allegedly abused.

M&S Syndicate (Private) Limited was the holding company for Zanu PF’s public and private companies, including Treger Holdings, Mike Appel, Catercraft, Fibrolite, which closed in December 2004 as well as Zidlee.

Zanu PF also ran Southern African Re-Insurance Company, Zidco Holdings and a commercial bank, whose Democratic Republic of Congo investment also collapsed.

It also had interests in National Blankets, Woolworths and Ottawa Building, which were disposed under unclear circumstances, as well as its printing arm Jongwe
Printing & Publishing Company, as well as Jongwe and Nyadzonya farms.

A Zanu PF report of the Committee on Party Investments reveals that the empire is in a mess, with most of the companies severely mismanaged and on the brink of bankruptcy.


 

Comments (4)

Contrary to your report ZANU has massive thriving business interests it is only that you know of the M&S businesses which were researched by true journalists in the 90's and you have not bothered to even try to find out what they have been up to since then..It is a sad indictment of the standard of journalism in Zim these days

Wezhira - 7 November 2018

Wezhira, may please tell us of one of the ZPF companies titsvage basa ikoko.

sandura - 7 November 2018

Simon Khaya Moyo, please just be a grown up old man and keep quiet instead of lying through your teeth that Zanu Party does not take of better still, steal money from the Government to fund its activities and paying its old , thieving and filthy rich workers like Obert Mpofu who himself has enriched himself through corruption. Gives us a break old lying man.

John D - 7 November 2018

M&S Syndicate was set up by ED and run by the Indian family JOSHI brothers who originally came from Malawi. Today the Joshis are very wealthy people. M&S was the ZANUPF company that got its assets from foreigners who were muscled out of their businesses and the country largely. They were forced to hand over shares to M&S or else they would have been beaten or starved of forex by RBOZ - this is how business is done in Africa comrades !

ace mukadota - 8 November 2018

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