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Directors Of Black-listed Government Suppliers Face Arrest

5 months agoSat, 27 Jul 2024 06:28:23 GMT
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Directors Of Black-listed Government Suppliers Face Arrest

The government may close the bank accounts of 51 suppliers who have been blacklisted for engaging in illegal foreign currency dealings, with the National Prosecution Authority (NPA) set to determine the next steps.

On Wednesday, 24 July, Finance, Economic Development and Investment Promotion Minister, Mthuli Ncube, announced that the government had blacklisted 51 contractors for illegally channelling funds to the black market after receiving payments in local currency.

The blacklisted contractors include Browline Transport (Pvt), Exceptional Office Fitouts and Shop Fitters, Diagno Pharm(Pvt) Ltd, Zambezi Bulk Plant Hire, and Avant Garde Group.

Others are Bezzei Enterprises, Golyn Supply Chain Solutions, Lennillim Investments, Advetoois Private Limited, Swasfontain, Siketaal Investments, Motornet Private Limited, ZimQuick Windscreen, Long Reach Technologies, and Blessing Africa Tech Private Limited.

In an interview with the Independent, the Permanent Secretary for the Ministry of Information, Publicity and Broadcasting Services, Nick Mangwana said that while these illicit activities may not have directly harmed the government, they destabilised the country’s exchange rate. Said Mangwana:

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Government action in such cases is normally debarring such companies. This will stop them from supplying to the government. If the NPA believes there is enough evidence of a crime then prosecution will certainly follow, which includes the closing of the accounts.

These companies got money from the government after supplying goods or services. They then took the money and changed it to US dollars on the black market.

That is the gist of the cases. There is no direct prejudice to the government. What is affected by such actions is the exchange rate, which affects the performance of the economy and the welfare of ordinary citizens.

Mangwana acknowledged that these firms turned to the black market to protect their businesses after being paid in the then rapidly depreciating Zimbabwean dollar. He said:

Let me make it clear that the transgression by these companies is not that they got money and failed to perform or supply.

It is that when they got paid for the goods or services, they went to the black market and changed the money to US dollars to hold value.

According to the Independent, ten firms affected by the crackdown had deals with the Ministry of Defence, and seven were suppliers to the Office of the President and Cabinet (OPC). The Ministry of Home Affairs also had a significant number of blacklisted suppliers.

More: Pindula News

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19 Comments

Anonymous · 5 months ago
Blacklisted for not remetting the "palms greasing" levy...
yuthi · 5 months ago
mface uyo does he get paid in zigg and mhuri yake in London anotumira zig here
fed up · 5 months ago
is that when they got paid for the goods or services, they went to the black market and changed the money to US dollars TO HOLD VALUE . question now is, why not pay them the US and kuchinja ikoko simply means the zvig has no value at all
Chibaba · 5 months ago
And Chivhayo is being paid in US dollars whilst others in Zig , but why guys.
Chibaba · 5 months ago
The government should first blacklist Intertrek company, then freeze Chivhayo's bank, then arrest him, mukadaro chete nyika yese ingafare.
Povo... · 5 months ago
but Zimbabwe Haina chainacho . how would a shopfitter import aluminium and glass neZig..... these companies vanotodawo USD nebank Rate but thers nothing at the Banks ..... Alibaba, SA and Dubai suppliers for not accept ZIG funny money
Chibaba · 5 months ago
The government should just pay these companies in US dollars full stop because Zig is useless hapana anorida.
ClD Admire kuyeri · 5 months ago
Zig boys iii hapana kwatirikuenda Zimbabwe kuchema chete izero pana mari.ED must GO
mudazvunhu · 5 months ago
Apa chandahwa hapana handisikuhwisisa kuti mukuti kudii mukuti confuser kuti tikanganwe dzaanaChivhayo here
🏋️🕺⛹️ · 5 months ago
these businesses (most) probably don't manufacture the products they sell since there's no manufacturing industry to talk about in this country, so how does this insincere government expect the companies to restock?, nhaka majeri anozara
🏋️🕺⛹️ · 5 months ago
It's a myth which is overated; we might not have a vibrant manufacturing industry like back before but usually Zimbabweans are manufacturing goods! The only issue is that the available manufacturing companies lack enough funds to scale their businesses but trust me the little they have is making them millionaires
Anonymous · 5 months ago
If they get government contracts, most definitely. Every other business is not making millions, because they are complying with all the governments new taxes.
Povo... · 5 months ago
nothing's overrated if Yu have only one entity operating when there were 400 in 1980 and should be 10000 now you just say 1 iyoyo bhoo.
Si**** · 5 months ago
First of all chii chiri kumboitika kuti mari inorambwa nemadire anoita vanhu mari.
Cde hondo · 5 months ago
Everyone is doing it... Zig or zim dollar what ever you call it harichengeteki
Corruptmore Looto · 5 months ago
ZiG Zim dollar rabviswa maZero saka firms will continue desposing it
Corruptmore Looto · 5 months ago
😂😂 Handi murikuti ZiG riri kupisa hr, saka why are the firms desposing it as soon as they get it. NGAAPINDE HAKE MUKOMANA
Povo... · 5 months ago
Kudos to you. Your name is so creative . You're a real Zim artist .

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