President Mnangagwa has appointed a board of trustees for
the Development Trust of Zimbabwe (DTZ) and board of directors for Nuanetsi
Ranch Limited.
The board of trustees for DTZ are former Mutare City
Council Commissioner Mr Henry Nemaire, who is also a financial director for
Tanganda Private Limited; Gwanda-based businessman and former mayor for the
town Mr Rido Mpofu; chairman of Art Cooperation Mr Franklin Mukarate; Mrs Tatenda
Muchekesi, a businesswoman and human resource manager at St Anne’s Hospital
Harare and Mr Ailess Baloyi, a former chief executive officer for Chiredzi
District Council.
Others are a lecturer at Lupane University Dr Sibonokuhle
Ndlovu; Bulawayo Provincial Administrator Mr Konzani Ncube; Kadoma- based
businessman (mining and agriculture) Mr Francis Khondanani; businesswoman Ms
Thandi Nkomo Ibraham; former Attorney General Mr Sobuza Gula-Ndebele and Dr
Themba Ndlovu, a principal director in the Office of the President and Cabinet.
Nuanetsi Ranch Limited board of directors are Zimbabwe
Agriculture Society chief executive officer Dr Anxious Masuka; Ms Felicity
Sekai Gutu, a practitioner and specialist in development, education,
information and communication; Kwekwe businessman Mr Solomon Matsa;
Bindura-based businesswoman Mrs Maidel Masawi; Mr Herbert Nkala, who is
chairman for several boards that include OK Zimbabwe, FBC Holdings and
Homelink; and Mr Cephas Hodzi, a principal director in Vice President Kembo
Mohadi’s Office.
Addressing a press conference in Harare yesterday, VP
Mohadi who is also the chairperson for DTZ Board of Trustees, said President
Mnangagwa had selected the DTZ board on basis of members’ business acumen,
provincial representation and institutional memory and continuity.
“The major task of these two boards is to resuscitate DTZ
and its subsidiaries, making sure that the business entities are revived and
run profitably,’ he said. ‘It is the income and dividends raised by DTZ
business entities that will be used to benefit Zimbabweans of all walks of
life.
“Soon, the two boards will hold their first sittings where
they will have to come up with their strategic plans to turn around DTZ and its
business entities.” VP Mohadi took the opportunity to dismiss inaccuracies
being peddled by some people on DTZ and Nuanetsi Ranch.
These include claims that Nuanetsi Ranch was a personal
asset of former Vice President Dr Joshua Nkomo and is part of the inheritance
of the late VP’s family.
VP Mohadi dismissed allegations that VP Nkomo left Nuanetsi
to some founder members of staff at the ranch. He said Nuanetsi Ranch was not a
Zanu-PF property.
“A brief background on DTZ and Nuanetsi Ranch will serve to
dispel these distortions and misinformation,’ said VP Mohadi. ‘A comprehensive
press statement will be posted in the major papers and it gives accurate
information on DTZ and its subsidiaries where Nuanetsi Ranch is the major asset
and flagship of DTZ.
“The other assets include Zagrinda in Norton, Greencroft
Coffee Estates in Eastern Highlands and Zimbabwe Bio Energy.“It is true that
Nuanetsi Ranch was acquired by former Vice President Dr JM Nkomo.
He acquired it from the Imperial Cold Storage and Supply
Company of South Africa to bequeath it as a national asset for the emancipation
and empowerment of Zimbabweans. “Dr JMN Nkomo established the Development Trust
of Zimbabwe (DTZ) on the foundation of Nuanetsi Ranch, having seen its massive
economic potential.”
VP Mohadi quoted a letter written to then President Mr
Robert Mugabe by VP Nkomo. It reads: “I would like to stress to you Comrade
President as here under. 1. Nuanetsi Ranch is presently owned by a South
African Public Company and it would be advantageous to localise the
shareholding by taking over all shares. 2. Although the trust has its first
object, the acquisition of Nuanetsi Ranch, nevertheless the objects, are so
wide that they enable the Trustees and the management team to do almost
anything within the law.”
VP Mohadi said DTZ was established to promote the
interests, wellbeing, education and economic experience of Zimbabweans. Herald
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