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NANGAGWA, MLISWA’S UNCLE, RELATIVE to Didymus Mutasa, appoints his son inlaw Mlotshwa as Chairperson of Sports and Recreation Commission Board.
Its quite interesting to note the similarities between Mnangagwa and Mugabe including corruption and surrounding himself with family in positions of authority so that their looting can continue unabated. Remember Didymus Mutasa is back in Zanu pf, claiming he never left but was forced out by Mugabe, and we also know that recently Mnangagwa instructed the Zimbabwe government to clear all Mutasa’s debts. Its not surprising as Mutasa is the Norton independent MP Temba MliswaMliswa’s uncle, and Temba Mliswa is a nephew to Mutasa, clearly Zanu pf are a family business. To top it all up, the Norton independent MP Temba Mliswa’s sister is the Mashonaland West provincial Minister Mary Mliswa-Chikoka.
Mnangawa’s daughter Farai Mnangagwa is married to Gerald Mlotshwa. The Zimbabwe President Emmerson Mnangagwa, in a press statement the Acting Minister of Sports and Recreation Kazembe Kazembe said, “With the approval of His Excellency the President of the Republic of Zimbabwe and on behalf of the Minister I have the pleasure to announce the new SRC Board.”
Gerald Mlotshwa (Chairperson)
Dr Allen Chiura
Collen de Jong
Prince Mupatazviriho (Director General)
Gerald Mlotshwa is a UK trained lawyer, major shareholder in one of the telecommunications companies and son in law
Gerald Mlotshwa studied law in the UK then returned to Zimbabwe where he found Titan Law which focuses on corporate law with high profile clients, including the former Vice President Phelekezela Mphoko. Mlotshwa is married to Farai Mlotshwa (nee Mnangagwa.), President Emmerson Mnangagwa’s daughter.
Mlotshwa’s business interests are wide including that he is the founder of Titan Law, holds 40% Telecel. shareholding stake while the militarised mnangagwa Zanu pf regime owns the remainder of 60% of Telecel . The 40% owned by Gerald, was originally owned by the Empowerment Corporation (EC).
Previously Gerald Mlotshwa was in the news after he acquired a 50% shareholding in Dr Dish and he was set to take on the role of chairman of the company. Dr Dish partnered with Masiyiwa’s Econet Media (Kwese) and seen as essentially the political link that raised Kwese to air in Zimbabwe. Dr Dish has a broadcasting licence which Kwese utilized until their contract termination late in 2017.
Dr Dish is set to partner a local telecommunications company, some churches and even SABC to offer a compelling alternative to Kwese, stating, “We are in advanced talks with a local Telco to rollout “Television everywhere” for all our various Satellite products via a Mobile Application”
Independant media predicted that although Dr Dish’s CEO did not reveal which telecommunications company they will be partnering but it doesn’t take a rocket scientist to figure it out or at least make an informed guess. You can bet your liver and both your kidneys that the local telco is not Econet. That leaves Netone and Telecel (the partner is for mobile so it has to be an MNO).
They stated that Dr Dish just got a new major shareholder who owns 50% of the company and takes on the chairman role. That same individual also happens to have a 40% stake in Telecel. If you are not thinking it yet let me spell out my thoughts: I think it is Telecel which is in talks with Dr Dish.
If that’s true, there are some corporate governance issues which need to be clarified. Mr Mlotshwa by virtue of him holding stakes in both companies has to excuse himself from any deliberations involving the deal. He is clearly conflicted.
That’s all well and good on paper if he excuses himself but just from looking at the story it appears he is behind the deal and so that in itself puts pressure on the Telecel board.
How about the Dr Dish board members? Here they have a new major shareholder who has the power to kick them out of the board. That same guy seemingly looks to be interested in a deal but excuses himself from the deliberations. Can we really say they would not be influenced on the outcome?
Consider again that the Dr Dish CEO said they are in advanced talks with a local telco. Key words there are ‘advanced talks.’ The Dr Dish-telco deal we are talking about here is not one that can be decided on in a few days. If the talks are at an advanced stage it would be fair to assume they have had these talks for at least a few weeks.
What’s my point? Mlotshwa only became major shareholder and chairman of Dr Dish following a deal signed over this last weekend. Yes, the weekend that ended just four days ago. It would appear that Mlotshwa being a major shareholder in Telecel went ahead and acquired a company which his Telecel was engaged in talks with over a deal possibly worth millions.
Now the board of directors of Telecel might or might not have been obliged to tell its members, the government and Mlotshwa about the talks with Dr Dish but I would think Mlotshwa knew about the talks before he acquired Dr Dish.
Now I am no lawyer like Mlotshwa but I do know that there is an old UK case Regal (Hastings) Ltd v Gulliver  where it was ruled against directors and officers from taking corporate opportunities in violation of their duty of loyalty. Mlotshwa being a lawyer probably took precautions and disclosed his 40% stake to the other Dr Dish members and that would be enough.
It’s quite a story isn’t it? Now remember that we made a number of assumptions in this story. For one we do not know if the telco in talks with Dr Dish is Telecel. We made an educated guess. But the verified facts tell a compelling story on their own.
Mlotshwa, the President’s son in law and lawyer to former Vice President Mphoko has a 40% stake in Telecel and a 50% stake in Dr Dish. He sits on Dr Dish’s board as chairman. Dr Dish is in talks with a local telco. Those are just facts, you decide what it means. Sibusiso Ngwenya-Source – TechZim, Byo24Newsphoto-Mnangagwa son in-law Gerald Mlotshwa and Mnangagwa and daughter Farai Mnangagwa.
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