Monday, September 20, 2021

Masvingo businesses caught in the externalisation web

Brighton Chiseva

MASVINGO – Many Masvingo-based organisations appear on the list of alleged externalisers that was published by President Emmerson Mnangagwa on Monday, March 19.
The list – which was attacked by many experts laughable and non-comprehensive – puts the alleged offences into three categories; funds externalised through non-repatriation of export proceeds, funds externalised through payment of goods not received in Zimbabwe and funds externalised to foreign banks in cash or under spurious transactions.
In the first category appears G.T Tavaruva / ta Mhunga; alleged to have externalised US$31 728. Doczine Investments is in the second category with US$36 778, MFS Group P1 has US$32 141 while Tsungai Trading Pvt Ltd has US$62 656.
Mtilikwe Financial Services had a total of US$12 577, Malilangwe Conversation Trust US$39 276 and Hippo Creek Lodge externalised US$13 563.
In the third category there is musician-cum politician Elias Musakwa, who hails from Bikita, is said to have externalised a US$9 million to Portugal
Other known businesses on the list with branches in Masvingo includeTranserve Manufacturing with US$41 424 andHerentals College with US$25 536.
NetOne, Zaoga Multi Projects, Puzey and Payne, BhoraManzi Drilling PVT LTD, Doves Funeral Assurance and Munenzwa Bus Co/L are among other known businesses in Masvingo that appear on the list.
The list was released following the lapsing of the 104 day ultimatum given by Mnangagwa to cash externalisers and looters three months ago.
Financial experts like DrTapiwaMashakada and sound legal minds like TendaiBiti have described the list as defamatory, saying many of the alleged offenders were wrongly named.
They also accused Mnangagwa of omitting the ‘known criminals’ in his administration from the list while targeting small companies struggling to make honest business in a tough economic environment.
They also contend that there is no law in Zimbabwe by which the alleged offenders can be prosecuted and convicted.

TellZim News is the leading news organization in the Southern region. It provides candid, balanced and timely news from the communities. Keeping it real. Committed to tell Zimbabwe.

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