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  • Writer's picturerutendo matinyarare

๐—ง๐—›๐—˜๐— ๐—•๐—” ๐— ๐—Ÿ๐—œ๐—ฆ๐—ช๐—” ๐—ง๐—”๐—Ÿ๐—ž๐—ฆ ๐—”๐—•๐—ข๐—จ๐—ง ๐—›๐—ข๐—ช ๐—ญ๐—˜๐—— ๐—ž๐—ข๐—จ๐——๐—ข๐—จ๐—ก๐—”๐—ฅ๐—œ๐—ฆ, ๐— ๐—”๐—ฅ๐—ž ๐—™๐—ข๐—ช๐—Ÿ๐—˜๐—ฅ ๐—”๐—ก๐—— ๐—œ๐—ก๐—ก๐—ฆ๐—–๐—ข๐—ฅ, ๐— ๐—ข๐—ก๐—˜๐—ฌ ๐—Ÿ๐—”๐—จ๐—ก๐——๐—˜๐—ฅ ๐—”๐—ก๐—— ๐—–๐—ข๐—ฅ๐—ฅ๐—จ๐—ฃ๐—ง ๐—š๐—ข๐—ฉ๐—˜๐—ฅ๐—ก๐— ๐—˜๐—ก๐—ง




On February 26th, Temba Mliswa held a press conference exposing corruption and state capture by Innscor in Zimbabwe, which was covered by Zim Eye.


He began his presentation by revealing that Innscor's owners, Zed, Zinona Koudounaris and Mark Fowler, own Breckridge Investment, which acquired Pickstone mine from Andrew Ganswick in Chegutu.


Additionally, he said they went on to purchase Eureka gold mine, making them the largest gold miners in Zimbabwe. Temba suspects that the proceeds from the mine sales were externalized outside Zimbabwe.


He went on to criticize Mike and Zed for being racists who sabotage the Zimbabwean economy and currency, destroy small competitors, and control the food and mining sectors as a means to exert racial monopoly to hold the country to ransom.


He drew parallels between Innscor and South Africa's White Monopoly Capital, labeling Innscor as "#Zimbabwe'sWhiteMonopolyCapitalโ€, questioning why the Zimbabwean government allowed them to become a food monopoly and national security threat.


In Rutendo Matinyarare's court case against Innscor, Rutendo raised questions about why Zed and Innscor, second and first respondents, claimed he defamed them by merely repeating Temba's statements. In his answering affidavit to the contempt of court application by MRV Attorneys, Rutendo asked why Innscor never contested Temba's version and why they didn't join Temba in the court proceedings.


Innscor is a leading food and agricultural company in Zimbabwe, has faced criticism for its market dominance and alleged unethical practices. Zed Koudounaris and Mark Fowler, the owners of Innscor, have been accused in the Panama Papers and various newspaper of externalizing funds and engaging in corrupt activities.


The concept of White Monopoly Capital refers to the economic dominance of white-owned businesses in South Africa and other African countries, often perpetuating economic inequality and exploitation. This is what many Zimbabweans feel Innscor is doing in Zimbabwe.

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