HomeLocal NewsWar vets want Zexcom back

War vets want Zexcom back


The wrangle over the war veterans company, Zexcom Foundation Fund Ltd, that is under liquidation seems far from over as the former freedom fighters who met in Kwekwe over the weekend resolved to reclaim it from the liquidator’s control.

Zexcom co-ordinator Shelter Mpofu told NewsDay: “What I can tell you is that people want their company back.

“The liquidator (Victor) Muzenda has failed dismally and he has even failed to come and address the members.”

There is fierce fighting in the war veterans’ firm following a court application by some of its members to have it liquidated owing to mismanagement.

Some ex-combatants led by Andrew Ndlovu, Robert Mlalazi and John Ngwenya successfully applied at the Bulawayo High Court last year to have the company placed under liquidation and Muzenda was appointed provisional liquidator.

However, the other group represented by Mpofu have written a letter to judge president Justice George Chiweshe accusing Bulawayo High Court judge Justice Lawrence Kamocha who handled the matter of bias.

The letter was copied to President Robert Mugabe, Justice and Legal Affairs minister Patrick Chinamasa, Attorney-General Johannes Tomana and the Law Society of Zimbabwe.

Zexcom has 5 370 shareholders drawn from across the country and property with an estimated value of $6 084 000.

Ndlovu yesterday dismissed the weekend meeting as “null and void” saying it was “called for outside the law”.

“These people who are talking about an AGM are just mad. How can they call for a meeting for a company whose property is being sold?

“Whatever they are doing is illegal. You can’t call an AGM for a company under liquidation, a company whose properties are being advertised,” Ndlovu said.

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