- WICKNELL CHIVAYO left school at 15
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- O.J. Simpson dies of cancer , aged 76.
- South Africa ANC is the cause of ZIMBABWE troubles claims Zimbabwe opposition politician Job Sikhala
ZPC Board By-passed In Paying Convicted Fraudster Wicknell Chivayo’s Intratek US$5 Million
The Zimbabwe Power Company management bypassed its board and paid $4,8 million to convicted fraudster Wicknell Chivayo’s Intratek Zimbabwe for pre-commencement works on the 100-megawatt Gwanda solar plant without the private firm submitting a performance guarantee to protect public funds.Managers at ZPC could now face action under their code of conduct. A performance guarantee or bond is a form of financial security provided by a contractor before receiving any down-payment for a project and it enables…
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