ENG Capital vs Farai Rwodzi & Interfin Bank Zimbabwe Dispute unpacked (Part 6 of 10)

Farai Rwodzi and Interfin Bank clearly have no answer to the fact that they irregularly and illegally grabbed Century /CFX Bank but avoidance, pretentiousness and pretense driven by misleading their lawyers and misinforming the investing public and regulatory Authorities.

.Given that High Court case HC-6244-04 is still before the courts it is a puzzling mystery that Farai Rwodzi and Interfin Bank even had enough guts to go and convince a respectable lawyer such as Mr Sternford Moyo to provide a legal opinion based on incomplete facts. This is shocking for a Banker to go and mislead a respectable senior lawyer of Mr Moyo’s experience and stature.

This clearly shows that Farai Rwodzi and Interfin Bank did not do a proper due diligence exercise.

If they had done a complete and proper due diligence they would have discovered that High Court case HC-6244-04 blocking the illegal sale and transfer of Century Bank is still pending before the courts.

In addition Farai Rwodzi and Interfin should have followed the basics of a due diligence listed below ;

INSURANCE
A. List and description of all material property, casualty, liability and other insurance policies
B. Any directors’ and officers’ liability insurance policies
C. Description of present reserves for, and all potential claims with respect to, any self-insurance
D. History of all insured claims including paid, reserved, and related expense amounts (first dollar loss run)
E. Loss runs for workers’ compensation and general liability
F. Loss history for any self-insurance (first dollar loss run)
G. Loss prevention/control recommendations made by insurers, brokers or consultants
SALES/MARKETING
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A. Description of the markets in which the Company, its subsidiaries or any joint venture involving the Company or any of its subsidiaries operate, identifying the type of customers and the size of the overall market (by value)
B. Identify any customers which account for more than 1% of annual sales of the Company, its subsidiaries or any joint venture involving the Company or any of its subsidiaries or, if there are more than ten such customers, the ten largest customers
1. The quarterly totals of sales
2. Details of current sales order statistics available to management
3. Sales comparison with the industry
4. Copies of standard sales correspondence, returns and allowance material together with samples of all forms of purchase orders, invoices, warranty agreements, guarantees, etc
5. Details of pricing policies and fluctuations
6. Copies of all printed price lists
7. Identification of principal competitors, a description of the basis of competition and the strength and weaknesses of the principal competitors
8. Indication of the relative size of the Company, its subsidiaries or any joint venture involving the Company or any of its subsidiaries within the industry. Details of trade associations relating to the business and any company memberships
9. Details of current advertising program (including copies of all promotional or other material used or capable of use in connection with the business) and the cost of the same and any other promotion programs
10. Details of sales policies and methods of remuneration of sales personnel

11. The policy on giving express product warranties and rights to customers to refunds, exchanges or credits following a purchase and the value of refunds, exchanges or credits given and warranty claims
12. List the 10 largest suppliers
13. Current research and development plans and budgets
14. Correspondence and other documents relating to negotiations with competitors of the Company
15. Consultants’, engineers’ or management reports and marketing studies relating to broad aspects of the business, operations or products
MISCELLANEOUS
A. Press releases
B. Listing and description of subsidiaries, joint ventures, partnerships, etc.
C. Description of any future acquisition or disposition plans
D. Description of any future restructuring plans
E. Description of Company’s information management system, including any future changes planned.

It is clear that Farai Rwodzi and Interfin Banking Corporation avoided a proper due diligence exercise which would have revealed the existence of High Court Case HC-6244-04 challenging the illegal and irregular transfer of Century Bank into CFX Bank then finally into Interfin Banking Corporation. No amount of rebranding or renaming will conceal this fraudulent transactions all designed to hide the illegal nature of the underlying activities.

This article appears courtesy of GMRI CAPITAL – www.gmricapital.com . It is generated for 3MG MEDIA – www.3mgmedia.ca .

Gilbert Muponda is an Investment Banker and Founder of GMRI CAPITAL . He can be reached at; www.ZimFace.com and
www.facebook.com/muponda
Email: gilbert@gilbertmuponda.com . Skype ID: gilbert.Muponda
Twitter ; http://twitter.com/gmricapital
Phone: 1-416-841-5542

Sternford Moyo misled & manipulated by Farai Rwodzi and Interfin on ENG Capital – Part 4 of 5

Mr Sternford Moyo’s claim that there was never an objection to the sale and or transfer of the Century Shares into CFX Bank shares then Interfin Bank shares can not go unchallenged .His opinion must be put under an intregrity test and be compared to publicly available information.

In my original article titled “Gilbert Muponda: Further Revelations on the Century/CFX bank Fraud”
Published more than a year ago on Sep 28th, 2009 and filed under Financial News, which appeared in many newspapers including The Zimbabwe Metro Newspaper I made it clear there was already a High Court case blocking the illegal sale and transfer of the 309 Million Century Shares. The relevant link is here http://www.zimbabwemetro.com/finance/gilbert-muponda-further-revelations-on-the-centurycfx-bank-fraud/

Therefore anyone who did a serious due diligence would have discovered that the dealing in such shares was null and void in addition to being illegal and fraudulent as it was misleading the investing public.

Below is the full article wherein I made it clear High Court Case HC 6244-04 had been set in motion and therefore any dealing in the said 309 million Century shares and any attempt to conceal the original fraudulent transfer will constitute further unacceptable fraudulent behavior and decepit meant to mislead regulatory Authorities and the General Investing public

The original article -
“It appears there is a misunderstanding on why I have been publishing letters relating to claim for ownership of 309 million Century/CFX Bank shares. In addition some have asked why the matter is being raised 5 years after the 309 Million shares were irregularly sold and transferred.

When the sale was done on or around 12 May 2004 I through my lawyers Ziweni and Company filed a high court application to block the sale of the shares. This record should still be there at the HarareHigh Court. As soon as we filed this application I was then specified without a hearing. This limited my ability to follow up the application. My lawyer and his firm was also specified. Leaving me without legal representation on the matter.

This was all done to ensure that the 309 million shares are sold, transferred and Century/CFX Bank is snatched from my Company – ENG Capital.
Several articles have been written highlighting how these 309 million shares and Century/CFX bank was grabbed from ENG Capital. Over the time we had hoped the current and previous Directors and Management of CFX Bank would reach out and try to find out what really transpired and resolve our claim. This is the normal way of doing business.

If you hear someone claiming ownership of your Bank or business you are expected to confront or engage that person to verify the nature of their claim. The CFX Bank Board, Management and shareholders somehow made the arrogant decision to behave as if everything is normal and totally disregard a claim which has been documented even at High court since day one of the fraudulent merger between Century and CFX Bank.

Even the latest press comments by the Bank through an individual identified as its Lawyer it appears they want to keep hiding behind technicalities such as you should have raised the claim earlier or you are specified therefore you cant act on your own behalf. This is inaccurate and misleading.

This level of arrogance and total disregard of material facts and potential impact on investors is an attitude which must be challenged and stopped. As out lined above this matter was filed at the high court in May 2004.And over the years articles detailing the claim have been published. Any serious and responsible Board of Directors would have taken corrective action by at least engaging in negotiations.

Let it be noted that had they done that at early stages this matter would have been closed by simply acknowledging that there was some injustice but however they were not aware that such a thing had happened. This would have been a reasonable and acceptable position.
gilbert m
However it appears the current Board and Management want to keep denying clear facts and act as if nothing was amiss. The continual reference to my specification only highlights that the people who grabbed Century/CFX Bank from me and ENG Capital are the same people who abused the law and manipulated the legal system to specify me without a hearing so that I can follow through action to block the sale and transfer of the shares.
The cases of illegal and unjust business seizures have been occurring at an alarming rate in Zimbabwe. This must be firstly documented. Those doing it must be notified and warned. Those aiding ,abetting and facilitating such business seizures must be documented and be made aware records exist of their illegal action.

Employees in affected businesses such as employees at CFX Bank are encouraged and expected to remain professional and do their best to keep the Company vibrant but must avoid being used as proxies in a shareholder fight. This is not wise.

This part of an effort to fully document and seek redress for the fraudulent transfer of 309 million shares which were used to merge Century Bank and CFX Bank. CFX Bank was created as a result of a merger between CFX Bank and Century Bank.

Century Bank was fraudulently merged with CFX Bank through the illegal and irregular transfer of 309,000,000 Century Holdings shares owned by ENG Capital and Companies owned or controlled by ENG Capital. Since this was a fraudulent and illegal transfer of ENG shares the plotters of the scheme renamed the resultant bank CFX Bank dropping the name “Century” in an effort to hide their tracks and attempt to remove any link with Century.

In April 2003 ENG Capital Investments acquired Century Discount Holdings from Century Financial Holdings ( A ZSE listed Financial Holdings Firm).The purchase price was Z$1.5 billion then equivalent to US$ 3 million. The purchase price was paid in full. ENG then applied to the Registrar of Banks and Financial Institutions for the change of controlling shareholder approval which approvals were denied.

After several attempts to get the underlying reasons for the denial I was informed that ? the Authorities? were not comfortable with ENG political inclination which they said remained ?unclear? in addition issue of the ENG Directors age was raised. We then tried to find out if Century Financial Holdings was in a position to refund ENG for the purchase price and to reverse the Century Discount House purchase. Century Holdings was not in a position to refund ENG.

The only recourse was that ENG had to acquire Century Financial Holdings to mitigate any potential loss of outlay on the Century Discount house acquisition. As such ENG and its associated Companies acquired a total of 52% (including the 309 million) of Century Financial Holdings making Century an ENG subsidiary.

Through our Lawyers Ziweni and Company we sought the identity of the buyer and also to clarify that the share sell was null and void as it had all the hall marks of corruption, insider dealing and was being challenged by the beneficial owners of the shares. In addition the shares had been sold through a special bargain and not an open market transparent transaction. The shares were sold for an unrealistic amount of Z$ 3 billion when ENG Capital had acquired the same shares for at least Z$35 billion. This resulted in the prejudice of Z$ 32 billion to ENG Capital Creditors and Contributories/Shareholders. We also asked the Zimbabwe Stock Exchange to investigate and stop the share transfer.

These articles form part of a wider effort to ensure that Zimbabwe?s Corporate sector eventually develops to be one where shareholders are respected and the rule of law is not applied selectively in terms of Investor protection. Whilst the case study may be focused on the 309 million shares and ownership of Century/CFX Bank the facts and scenario can be applied to other businesses that were affected by similar schemes that we devised by corrupt politicians and a corrupt central Bank Governor. It is very important that such cases be clearly and completely be documented.”

End of original article.

When such articles are freely available in the public domain it becomes a puzzling mystery as to why a Senior Lawyer such as Mr Moyo would write an opinion claiming that there was never a challenge to the illegal sale and irregular transfer of the 309 million shares when High Court Case HC-6244-04 is pending before the courts.

This article appears courtesy of GMRI CAPITAL – www.gmricapital.com . It is generated for 3MG MEDIA – www.3mgmedia.ca .

Gilbert Muponda is an Investment Banker and Founder of GMRI CAPITAL . He can be reached at; www.ZimFace.com and
www.facebook.com/muponda
Email: gilbert@gilbertmuponda.com . Skype ID: gilbert.Muponda
Twitter ; http://twitter.com/gmricapital
Phone: 1-416-841-5542

Mugabe ill health pushes ZANU PF into the brink

President Robert Mugabe’s failing health will push Zanu-PF and the service chiefs to neutralise and eliminate the Movement for Democratic Change (MDC) in the coming months, a leading economic and political commentator has warned.

John Robertson said Zanu-PF’s attempts to consolidate its position, especially in the rural areas, have produced disappointing results - instead, the party has been disturbed by the extent to which the MDC, led by Prime Minister Morgan Tsvangirai, has gained popularity in its former strongholds.

“The party’s contention all along has been that it alone is qualified to be the ruling party and several pronouncements from senior officials have re-stated and reaffirmed this position, the most recent claiming that even if the MDC were to win the election, it would not be allowed to take office,” Robertson said at an Institute for Security Studies seminar.

“However, to remove the possibility, Zanu-PF has decided to direct all available resources to winning a huge majority by using the coming months to neutralise and eliminate the opposition.

“Robert Mugabe’s health appears to have made this an urgent objective, the belief being that the security of Zanu-PF’s officials depends upon Mugabe being re-elected and then, before standing down, nominating his successor, who will look after their interests,” he said.

He warned that the means by which Zanu-PF was planning to neutralise the MDC were being discussed and debated in various circles, adding that they pointed to the deployment of army and police throughout the country, some to the recruitment drive for youth militia and some to forced attendance at indoctrination meetings in rural villages.

“Security issues are of concern because Zanu-PF has effectively reaffirmed its claim that it is the one and only legitimate ruling party and it has done this through the silent proclamation that the primary function of security forces is to ensure the party’s survival and success, whatever the cost to the civil rights and the freedoms of others,” said Robertson.

Mugabe’s health has been the subject of frenzied speculation in recent weeks, with his critics suggesting that the 86-year-old leader is feeling the strain of advanced age.

Reports have repeatedly said Mugabe is suffering from bladder and heart-related problems, with some suggesting that his private Malaysian doctor is now based in Harare. But Mugabe has scoffed at the rumours of his ill health.mt armyt commander

Mujuru’s Interfin Banking Corporation got diamond profits

By Lance Guma
05 October 2010

Interfin Financial Holdings, a bank with reported links to retired army general Solomon Mujuru, received an investment of over US$2 million in diamond and gold proceeds from the state-owned Zimbabwe Mining Development Corporation (ZMDC).

This follows revelations that several top managers at the ZMDC, who have since been suspended by the board chairman, invested millions of dollars in the money market even as the corporation’s own mines were forced to close down due to lack of capital.
int_far_300x250
Exiled businessman Gilbert Muponda is locked in a bitter dispute with Interfin after accusing them of ‘looting’ his Century Bank (CFX Bank) and says his team have been investigating the story in preparation for a law suit against Interfin. He says managers at Interfin bribed ZMDC managers to invest the money and it was only their lavish lifestyle and expenditure patterns that got them caught.

Suspended ZMDC chief, Dominic Mubayiwa sent smoke signals when he started building a 3 storey mansion in Borrowdale, something clearly beyond his means. Over US$40 million in diamond and gold proceeds is said to have been siphoned off or used in shady deals. The figure is said to include US$30 million raised from diamond sales between October 2008 and April 2010.

Mubayiwa and his team poured money into Interfin, Premier Bank, Kingdom Bank, BancABC, Fidelity Asset Management and Premier Asset Management. This is despite the ZMDC Act making it clear its primary function is to invest in the mining industry, on behalf of the state.

Worse still, Mubayiwa and his management failed to pay government any meaningful dividend. A confidential ZMDC report leaked to the media says; ‘The first ever dividend of US$1 million was in March 2010 and US$3 million dividend paid on July 26, 2010 was only made after the board insisted to management that one of ZMDC’s responsibilities was to generate revenue for the fiscus.’
SW Radio Africa understands that a prominent army general deposited close to US$5 million in a local bank soon after the first international diamond auction held in Harare in August. It was estimated that US$72 million was raised from the auction but how much went to government remains a mystery.

Banking sources confirmed that the deposit made by the general set tongues wagging in the industry. More importantly it confirmed how senior military figures are controlling the diamond trade in Zimbabwe.
solomon-mujuru_FARAI RWODZI
Meanwhile Muponda warned money transfer giant Moneygram International over its continued dealings with Interfin. He said there was corruption at Interfin and ‘in the United States (where Moneygram is headquartered) you have what is called the Foreign Corruption Act which they are liable to if they are seen to be involved in corrupt activities. They will be linked to these things if they are not careful,’ he warned.

Zuma urges end to Zimbabwe sanctions

BRUSSELS — South African President Jacob Zuma on Wednesday told European parliamentarians that lifting sanctions against Zimbabwe would help the country work through its political problems.
zuma malema
On his first trip to the parliament, Zuma told its foreign affairs committee that such a move would help efforts to turn around the situation in Zimbabwe which is emerging from a chapter of political violence and hyper-inflation.

“On Zimbabwe, we gave leadership before anybody else did and the current power-sharing deal was facilitated by South Africa,” Zuma said to the MEPs.

Lifting sanctions “would give a chance to the efforts we are making there and empower the Southern African Development Community to do more on Zimbabwe,” he added.

On Tuesday, European Union president Herman Van Rompuy said the bloc was ready to take a fresh look at the measures against Zimbabwe.

Van Rompuy noted Zimbabwean moves to create a new constitution as part of a road map to elections, a process launched by the unity government formed by President Robert Mugabe and Prime Minister Morgan Tsvangirai last February.
“In case of positive developments in Zimbabwe we’d be ready to look at fresh measures,” said Van Rompuy.

Mugabe, 86, and his aides are subject to travel bans and asset freezes in the European Union and the United States, who accuse his regime of repeated human rights abuses and denials of basic freedoms.

The EU last year slapped a 12-month extension on its sanctions against Harare, which include an embargo on arms and police weaponry, as well as the travel ban and asset freezes on Mugabe and his inner circle.

SA wants EU to lift Zimbabwe sanctions

Johannesburg - South Africa will press again this week for the European Union to lift targeted sanctions against Zimbabwe, the country’s foreign affairs spokesperson Saul Kgomotso Molobi said.

President Jacob Zuma was scheduled to leave South Africa on Monday for a one-day annual EU-South Africa summit in Brussels the next day, followed by an official visit to Belgium on Wednesday.

If the EU asked about progress in Zimbabwe, as seemed likely given that South Africa is the main power-broker in the country, Zuma would renew his calls for the EU to lift travel bans and asset freezes on Mugabe and around 200 of his allies, Molobi said.

The EU has also frozen the assets of 33 companies linked to Mugabe’s Zanu-PF party and bans arms shipments to Zimbabwe.

“South Africa will set out the AU (African Union) position, which calls for the lifting of sanctions on Zimbabwe,” Molobi told the German Press Agency dpa

South Africa, which brokered Zimbabwe’s 2008 power-sharing accord, believed that ending the punitive measures was key to creating cohesion between President Robert Mugabe’s Zanu-PF and Prime Minister Morgan Tsvangirai’s Movement for Democratic Change, he said.

Zuma also called for the sanctions to be lifted during a visit to Britain earlier this year.

Mugabe maintains that the measures, which were first levied in 2002, are hampering the country’s recovery from an economic meltdown in 2008.

The EU rejects that claim.

At a recent conference on Zimbabwe in Johannesburg, Germany’s ambassador to Zimbabwe Albrecht Conze insisted: “There are strictly no restrictions on trade with Zimbabwe, investment in Zimbabwe or on foreign banks lending money to Zimbabwe.”

At Tuesday’s summit, the EU and South Africa will also discuss trade, particularly the economic partnership agreements (EPA) that the EU is trying to negotiate with African states.

The EPAs replace a previous trade scheme between the EU and African, Caribbean and Pacific (ACP) countries, which was ruled incompatible with World Trade Organization rules.

South Africa has rejected the terms of the EPA, but some of its neighbours and fellow members of the Southern African Customs Union, such as Lesotho, Swaziland, Namibia and Botswana, have signed up.

- SAPAzuma mt meet

Farai Rwodzi ,CFX/Interfin Bank Zimbabwe & Muponda ownership dispute Part 1 of 5

Farai Rwodzi and Interfin Bank seem to be living in dream land a world of make belief. Its most unfortunate they are behaving like high school boys with bravado instead of seeking a solution. According to this article Interfin claim that I am claiming US $ 5.3 million http://www.newsday.co.zw/article/2010-09-26-interfin-rejects-mupondas-53m-claim .

They further allege my media campaign constitute malicious cyber attacks .My campaign is perfectly legal and legitimate and will go on till Interfin and Farai Rwodzi pay what they owe me and my Company ENG Capital. For the record I am not claiming $ 5.3 million.

I am claiming $ 15,4 million being 309 million shares multiplied by the value per share of 5 cents to give a total of US $15.4 million.

Farai Rwodzi is the one who falsely claimed to have paid me $ 5.3 million and I denied ever receiving.

My lawyers Gutu and Chikowero wrote to both Interfin and Newsday Newspaper to deny and ask for a retraction but Interfin choose to reply through press reports.

Interfin further claim I authorized the sale of the shares. They conveniently forget that I in fact challenged the transfer of the shares through high court case HC 6244-04 .

My co-director Nyasha Watyoka supported this motion to block the sale or transfer of the shares.

I understand Interfin have been trying to create the impression that we do not have a legitimate claim or we are using media whilst avoiding court. That is not correct this matter is still before the High Court in Harare case # HC-6244-04 filed in late May 2004 by my then lawyer Mr Oscar Ziweni.

Note respondent # 6 Century Holdings is now Interfin Holdings Limited who assumed assets and liabilities of Century Holdings when they took over CFX Bank which itself had taken over the original Century Bank .

My former lawyer Mr Ziweni died mysteriously and suspiciously after being stalked, intimidated, harassed, detained by various members of the state security sections for representing me in this case.

At one stage he was forced into hiding when threatened with fabricated charges just meant to scare him off from representing me. This left me with no legal representation at that stage and I was also then specified leaving me in danger as my lawyer had died mysteriously and I feared for my life as well so I fled Zimbabwe. However the court case still remains because it was duly filed and assigned through normal high court procedure.

I have attached My original founding affidavit filed with Case HC-6244-04 opposing the transfer of 309 million shares which triggered this dispute with Mr Rwodzi and Interfin Financial Holdings.

I will publish some of the original documents which show that the 309 million shares were illegally, corruptly and irregularly transferred. This is part 1 of 5
For My High Court Case HC-6244-04 PLEASE FOLLOW THIS LINK
http://www.facebook.com/album.php?aid=2059705&id=1393181020&l=477a267b1f

South Africa starts giving papers

The government of South Africa this week started to issue documents to Zimbabweans to enable them to legally stay in that country so long as they complete the process by a December 31 deadline.

But a source at the Zimbabwean Consulate in Johannesburg said Harare has not begun issuing new passports to expatriate nationals without them and who cannot file for South African work, study or residency papers until they obtain them. VOA was unable to reach either of Zimbabwe’s two co-ministers of Home Affairs for comment.

South African Home Affairs Minister Nkosazana Dhlamini-Zuma urged Zimbabweans to take up her government’s offer to help them put their papers in order. The South African Home Affairs Ministry has opened 46 regional offices across the country to facilitate the process.

Global Zimbabwe Forum South Africa Chapter Chairman Solomon Chikowero told VOA Studio 7 reporter Jonga Kandemiiri that the response this week by Zimbabweans in the country has been overwhelming.

Ngqabutho Dube, secretary of the Movement for Democratic Change formation of Deputy Prime Minister Arthur Mutambara told reporter Brenda Moyo that the first Zimbabweans to seek residency papers on Monday met with a few problems, but things later ran smoothly. Dube said issues on the first day of document issuance included incorrect interpretations of requirements by South African officials.zuma w= bob

Zimbabwean gets a year’s hard labour for insulting Mugabe

Eyewitness News are reporting on Saturday that a poor Zimbabwean man has been sentenced to a year in jail with hard labour for calling President Robert Mugabe old and wrinkled.

According to state media the sentence was imposed on 23-year-old Gift Mafukaby a magistrate in his home town of Chipinge.

According to the report Gift had asked two boys wearing t-shirts of Mugabe why they wanted to wear the picture of somebody old and wrinkled when Prime Minister Morgan Tsvangirai was set to the president in waiting and Mugabe was on his way out.

His reward was a year hard labour of which he’ll probably serve ten months.

This comes amid concerns over renewed attacks on freedom of expression in Zimbabwe.

Authorities banned the work of Bulawayo artist Owen Maseko last week and an exiled radio station said the authorities had jammed their shortwave news broadcasts.
bob n iran

Robert Mugabe: the cancer story and the succession bombshell

The world wide web is awash with news that Mugabe is ‘losing cancer battle’ and has allegedly picked Simba Makoni’ as his successor (The African Aristocrat, 23/08/10). Even the British daily tabloid, Metro carried an article, Mugabe ‘losing fight with cancer’ (26/08/10).

The report has generated a massive online reaction with some rational and emotional comments, exaggerations, heated exchanges and a lot of speculation among Zimbabweans and non-Zimbabweans at home and abroad who are closely following the octogenarean’s tight grip on power in the Southern African country, via the internet.

Gone are the days when rumours about Mugabe’s health were the fruits of a nervous grape vine and off-guard leaks by politicians and government officials after a few beers in the Press Quill Club at the Ambassador Hotel which is conveniently located behind Mugabe’s and Tsvangirai’s government offices in Harare.

Mugabe’s spin doctors will live to regret the advent of the internet or ‘the information superhighway’ which has revolutionised and relatively freed Zimbabwe’s mass media beyond the clutches of the notorious and snoopy Central Intelligence Organisation (CIO) formerly the Rhodesian Special Branch.

News about Mugabe’s purported failing health has been around for sometime. In 2008, Mugabe travelled to Singapore to “undergo tests for prostrate cancer” by a top Malaysian urologist (The Sunday Times, 25/05/08). The British paper added that most of Mugabe’s and his wife’s assets were transferred to the Far East after western sanctions were imposed.

There were media reports in August last year that: “one independent source in Dubai has confirmed that Robert Mugabe is undergoing emergency treatment for a terminal condition in a hospital,” (Zimbabwe Democracy Now website, 26/08/09). The Times (SA) reported on 26/08/09 that Mugabe and his wife were in a Dubai hospital where he was receiving specialist treatment accompanied by his personal doctor Awang Ketchik. However, Zimbabwean officials dismissed the press reports as “a load of rubbish made by sick and evil minds,” claiming Mugabe had been on holiday to Dubai (Africa News, 26/08/09).

The Zimbabwe Mail (27/08/08) cites a senior intelligence source in the President’s office as saying the Zanu-pf leader, Robert Mugabe is heading for the wheelchair as health problems mount, adding, “in the coming weeks, special medical engineers will fly to Harare to prepare ground work of internal structural changes to be carried out” at Mugabe’s private residence in Borrowdale and his offices at Munhumutapa Building to accommodate “state of the art high-tech gadgets”. The man has had his own fair share of life’s challenges.

Rather uncharacteristically, Mugabe failed to attend his eldest son’s national basketball team debut in Harare in May, which was attended by his wife and two sons (Zimdaily, 02/06/10). Last month , Mugabe told mourners, hours after his sister’s death that Sabina had never fully recovered from a stroke she suffered in 1995. “Doctors said one-third of her brain had been damaged”, he said before his rant against Western diplomats later at the burial.

If only Mugabe could heed sound advice from University of Zimbabwe Political Scientist and lecturer, Professor John Makumbe , “For the sake of his health , he must retire. He has become senile and that’s why he was happy to throw tirades at his sister’s funeral” (The Daily News , 25/08/10).
In typical fashion, the octogenarian declared his sister a National Hero and his brother in law, Reward Marufu (Grace’s brother) a liberation hero but he efused to grant hero status to the late Gibson Sibanda, the co-founder of the MDC who had died a few days earlier.

Marufu, who died on Wednesday 25/08/10 at one of his two farms which he forcibly occupied in 2002 with assets valued at US$200 million at the time and went on to harvest existing crops worth US$35 million had claimed that he was 95 percent disabled and benefited from the War Victims Compensation Fund in the 1990s (Zimdaily, 27/08/10).

The African Aristocrat (23/08/10) reported that Mugabe’s succession bombshell that he was said to be in negotiations with his former Minister Simba Makoni as his potential successor after Awang Ketchik, his urologist who visited Zimbabwe “nine weeks ago”, reportedly told Mugabe that his condition was progressing faster than it could be treated. In retrospect, the urologist’s visit seems to have resulted in the sudden hardening of attitude on the part of Mugabe as far as the implementation of the GPA is concerned by insisting that targeted sanctions on him and his cronies be lifted first, that there should be no prosecution for political violence and by demanding an amnesty for political criminals.

His Foreign Minister Simbarashe Mumbengegwi came to his aid recently when he lashed out at Western diplomats for maintaining sanctions “while looking for a pat on the back for offering humanitarian assistance” (Newsday, 24/08/10). Probably this explains why Mugabe and Makoni have of late been calling for elections with or without a constitution ready. Suddenly, indigenisation has moved into top gear as the scramble of Zimbabwe has just started.

Zanu-pf Youth Affairs and Indigenisation Minister Saviour Kasukuwere has just named a committee dominated by top allies of Robert Mugabe that will help the government set percentages of shareholding foreign owned companies in different sectors must transfer to the locals. Announcing the committees, Kasukuwere reportedly said, “You need to rush because by the end of September we want investors to be clear from day one” (Zimonline, 20/08/10).

Meanwhile, a powerful group of Zanu-pf hardliners comprising the Joint Operations Command, cabinet ministers, top civil servants, retired army personnel aligned to some of the companies operating in Marange area has effectively taken control of the mining of Chiadzwa diamonds (Swradioafrica, 23/08/10).

Mugabe’s reported worsening health will have enormous implications for the implementation of Zimbabwe’s Global Political Agreement (GPA) and achievement of targets set out by the SADC. Three are fears that if Mugabe is allowed to steal another election in order to constitutionally appoint Simba Makoni as President would have wider implications for the country’s stability (Ibid).

Inevitably, Mugabe’s deterorating health will have a domino effect on many socio, political and economic aspects of Zimbabwe with a predictable escalation of the succession crisis especially between the Joint Operations Command and some Zanu-pf personalities thereby creating uncertainty about the future of the coalition government.

Zimbabwe could be sleep walking into anarchy as long as Mugabe’s succession issue remains unresolved and a guarded secret while his health deteriorates. Since SADC and the AU have proved to be lame ducks when it comes to guaranteeing good governance, human rights, the rule of law and genuine democracy, it is imperative for the international community led by the United Nations to ensure precautionary stabilisation measures are in place so as to prevent a Rwanda-Burundi type of conflict from developing in Zimbabwe.

In an address to the National Assembly on 12 June 1965, Kwame Nkrumah of Ghana said: “Countrymen, the task ahead is great indeed, and heavy is the responsibility; and yet it is noble and glorious challenge – a challenge which calls for the courage to dream, the courage to believe, the courage to dare, the courage to do, the courage to envision, the courage to fight, the courage to work, the courage to achieve – to achieve the highest excellencies and the fullest greatness of man. Dare we ask for more in life?”

Clifford Chitupa Mashiri, Political Analyst, London, UK zimanalysis2009@gmail.com

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