By admin on Aug 4, 2010 in Featured | 0 Comments
From ZimOnline - 4th August 2010 by Caroline Mvundura
HARARE – The Confederation of Zimbabwe Industries on Tuesday called on the central bank to reimburse millions of dollars in hard cash garnished from private companies at the height of the country’s economic crisis.
The Confederation of Zimbabwe Industries (CZI), seen as the voice of business in Zimbabwe, said if the cash-strapped Reserve Bank of Zimbabwe (RBZ) was unable to pay back cash it seized from foreign currency accounts (FCAs) of private firms then the should consider tax rebates for affected companies as a repayment option.
“The money that the RBZ owes companies must be returned,” Kanyekanye told journalists in Harare.
He added: “It is money that is owed and it needs to come back. It is a little bit difficult to quantify it. I will leave that to the RBZ. But given the outcry out there, that must be substantial. It is nice to get the money back. There is nothing wrong in giving tax credits in lieu of outstanding payments.”
Kanyekanye said companies were struggling to raise working capital from commercial banks and many have pleaded with the CZI to ask the RBZ to pay back the money it took from the firms so they could use it to boost operations.
RBZ governor Gideon Gono unilaterally seized millions of dollars from FCAs belonging to private firms and non-governmental organisations, including a US$ 7, 3 million from the Global Fund to Fight AIDS, Tuberculosis and Malaria, that was meant to fight disease among the poor.
Read the rest
By admin on Jul 5, 2010 in Featured | 0 Comments
An outrageous and extremely provocative campaign that shines a light on the Zanu PF clique who are looting Zimbabwe's national assets has been launched in Johannesburg. The campaign titled "Red Card ZIMafia" has a football theme in line with the World Cup sporting event currently taking place in South Africa.
Gideon Gono it appears is a key member of the ZIMafia team and is designated as Number 1 - this is the number traditionally associated with the goalkeepers position, rather than indicating he is "the" Mr Big. He is also described as the treasurer to the Joint Operations Command (JOC). Read the rest
By admin on Jun 25, 2010 in Featured | 0 Comments
The following article is from Nehanda Radio which is denying widespread reports that Gideon Gono died in a car crash on Wednesday. If Gono has died it won't be the first time Zanu PF has delayed announcing the death of a senior government official.
Numerous prominent members of Zanu PF have died in car crashes including Josiah Tongogara, Chris Ushewokunze, Peter Pamire, Moven Mahachi, Border Gezi, Brigadier Armstrong Gunda and Elliot Manyika. It is often speculated that these were political assassinations.
---------------------------
Nehanda Radio - 25th June 2010
Harare and London temporarily became the rumour capitals of the world on Thursday evening as Zimbabweans home and away spread false messages that Reserve Bank Governor Gideon Gono had died in a car crash.
Only one website Zimeye.com fell for the prank falsely reporting that the central bank chief had died in a car accident along the road to Chiredzi. It is our understanding Dr Gono is alive and well although no one knows yet whether he was indeed involved in an accident or not. Read the rest
By admin on Mar 23, 2010 in Featured | 0 Comments
From SW Radio Africa - By Tichaona Sibanda, 22nd March 2010
Reserve Bank Governor Gideon Gono’s enemies in ZANU PF have moved swiftly to denounce him for his scathing attack against the controversial indigenization bill and want him removed from his job.
Gono’s enemies within the powerful ZANU PF politburo are now using his unusually strong criticism of the bill to plot his downfall. He’s already facing accusations that he’s now being ‘too friendly’ to the MDC and Finance minister, Tendai Biti.
In an interview with the weekly Financial Gazette last week Gono said the new indigenization regulations would scare off badly needed foreign investment. He said the country would be shooting itself in the foot if it embarked on the programme.
Read the rest
By admin on Mar 16, 2010 in Featured | 0 Comments
From The Zimbabwe Times - March 13, 2010
Reserve Bank Governor, Gideon Gono
HARARE – In a dramatic turn of events Reserve Bank of Zimbabwe (RBZ) assets will be auctioned countrywide starting next Friday in a bid to recover debts owed to a local company.
The amount owed to Farmtec Spares and Implements was not immediately established by Friday night, but sources said it is linked to the values of farm equipment supplied to farmers before the formation of the inclusive government last year.
A notice by Harare auctioneers- Ruby Auctions- on Friday indicated that the action has been sanctioned by the High Court in a matter registered as Farmtec Spares and Implements P/L vs RBZ that first went to court yesterday.
To go under the hammer first are assets at the RBZ Sports Club situated in Harare on March 19. There would be three other auctions in Harare and others in Masvingo, Gweru, Mutare, Chinhoyi, Kariba and Nyanga. Read the rest
By admin on Mar 11, 2010 in Featured | 0 Comments
From SW Radio Africa, By Lance Guma- 10 March 2010
A reform bill, meant to trim the excessive powers of the Reserve Bank governor Gideon Gono, sailed through the Senate on Tuesday, despite ZANU PF having earlier threatened to scupper it. Analysts are divided over who has come out the winner in the power struggle after both ZANU PF and the MDC-T had to trade concessions to have the bill approved.
Since last year ZANU PF has been arguing that the suggested reforms were heavily tilted in favour of the MDC Finance Minister, to the disadvantage of the ZANU PF central bank governor. Even after the lower house of parliament had approved the bill they kept threatening to attach 10 amendments to it in an attempt to swing the balance of power back in Governor Gideon Gono’s favour. Read the rest