Botha Gold Mine, a gold mining company in Bindura, Mashonaland Central Province, has accused certain people of attempting a hostile takeover using fraudulent court orders.
In a statement released on February 6, 2025, the company said that the fraudulent court orders, HCH4802/24 and HCH4255/24, were obtained by a group of minority shareholders.
These orders have been overturned by High Court judge, Siyabona Paul Musithu under HCH5865/24, and any actions based on them are now invalid. Part of the statement reads:
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This development nullifies any claims or actions taken pursuant to the fraudulent order. In light of this, we hereby notify the public that the miscreant minority shareholders, who recently attempted to illegitimately seize control of the company, are not directors and do not represent Side Electrical (Pvt) Ltd. or Botha Gold Mine in any platform. The public is warned.
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Botha Gold Mine made it clear that the persons behind the fraud—Munyaradzi Nzarayapenga, Leonard Rwambiwa, Dudzai Ruzvidzo Kajokoto, Ashley Ziyarura Zulu, Simbarashe Nzenza, and Tendai Chinyani—are not directors or representatives of the company.
The company has reported the fraud to the Zimbabwe Republic Police, and the perpetrators will face legal action.
Botha Gold Mine also said the suspensions linked to the fraudulent court order are not valid, adding that the current management team, led by General Manager Angela Mpofu-Chisvo, remains in control of the company.
The company apologized to anyone wrongfully accused during the situation, particularly to Themba Hlongwani and Angela Mpofu-Chisvo, who were accused of financial wrongdoing.
The company confirmed that these accusations were part of a plot by the fraudulent shareholders to take over the business. It said:
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Furthermore, the alleged suspensions mischievously issued in connection with the fraudulent court order remain null and void.
The Executive Management team, led by General Manager Mrs. Angela Mpofu-Chisvo, remains in place and continues to manage the affairs of Botha Gold Mine.
We take this opportunity to sincerely apologise to all innocent individuals who may have been maliciously slandered during this debacle.
We particularly apologise to Mr. Themba Hlongwani and Mrs. Angela Mpofu-Chisvo, who were wrongly accused of misappropriating funds and concealing information as part of the decoy that was created by the fraudsters in order to gain credence in the public domain.
We put the record straight that no such incident occurred, and the malicious accusations were perpetrated by devious minority shareholders in a bid to illegitimately acquire control of the company.
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Botha Gold Mine has warned that it will not accept or honour any agreements, contracts, or transactions made by the individuals mentioned earlier.
The company also said that it completely distances itself from any actions or representations made by these individuals or anyone claiming to represent them, unless they are part of the authorised Executive Management team. The statement reads:
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The public is warned to exercise caution and not engage in any business transactions with these individuals, as Botha Gold Mine will not be held liable for any consequences arising from such dealings.
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Pindula News

Botha Gold Mine, a gold mining company in Zimbabwe, says some shareholders tried to take over the company with fake court orders. The company says the orders were fraud and have been overturned by a judge. The people behind the fraud are not directors or representatives of the company. The company's management team is still in control. The company apologized to innocent people accused in this situation. Botha Gold Mine warns people not to do any business with the individuals behind the fraud. They will not honor any agreements made by them.

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