Embattled Hwange Colliery Company Limited (HCCL) chairman Tendai Savanhu said he was still in charge despite a notice by the company secretary indicating that shareholders had resolved to boot him out at the contested annual general meeting held recently.
HCCL company secretary Thembelani Ncube yesterday published a notice of the resolutions of the shareholders of the meeting held on August 3 that resolved among other things, to sack nine members of the board including Savanhu. Sources at the company told NewsDay that the recently appointed board, “will soon hold their first meeting to elect a new board chairperson”.
Savanhu said; “The company secretary is misguided. The meeting being referred to was illegal. He is just a minute taker and is not a member of the board.”
“We do not mind being booted out, but what we want is for the meeting to be properly constituted. I was appointed by the government and there is no way I can oppose what it wants.
“What we are seeing at Hwange is the desire by some individual who has personal interest in the running of the company trying to put his proxies.”
Savanhu contented that as the person who was chairing the meeting, “the meeting was adjourned”. At the August 3 meeting Savanhu briefly chaired the initial stages of the indaba before “adjourning” it arguing it was unlawful, maintained he was still in charge of the company — listed on the Zimbabwe Stock Exchange, Johannesburg Stock Exchange and London Stock Market.
However, shareholders seconded James Nqindi — from the old board — to act as chairperson where shareholders then appointed a new board comprising Norman Chibhanguza, Jemmister Chininga, Ian Haruperi, Nkosilathi Jiyane, Siphiwe Mapfuwa, Johnson Mawere, Farai Mutamangira, Lucas Nkomo and Valentine Vera.
According to the company secretary, shareholders duly approved removal of Fortune Chasi, Shingai Mutumbwa, Tendai Savanhu, Prisca Mupfumira and Thandiwe Mlobane.
- Chamisa under fire over US$120K donation
- Mavhunga puts DeMbare into Chibuku quarterfinals
- Pension funds bet on Cabora Bassa oilfields
- Councils defy govt fire tender directive
Keep Reading
Shareholders did not pass the re-election of Thabani Ndlovu, Alpheus Ngapo, James Nqindi and Rosemary who were retiring and did not seek re-election HCCL shareholders are the government with 37,1% Nicholas Van Hoogstraten, through his vehicle Messina Investments with 14,8% and Mittal Steel Africa, 9,76%.
