HomeLocal NewsBrainworks deals still not clear

Brainworks deals still not clear


THE indigenisation dealings under former Youth minister Saviour Kasukuwere once again came under the microscope when three companies appeared before a Parliamentary committee yesterday.


Unki, Blanket Mine and Zimplats appeared before the Parliamentary Portfolio Committee on Youth and Indigenisation where they differed on the understanding of their relationship with the company at the centre of controversy, Brainworks Capital.

Zimplats legal secretary Garikai Vera said his company met Brainworks during meetings with the National Indigenisation and Economic Empowerment Board (Nieeb).

“We were discussing the Zimplats indigenisation plan and received a letter attached with an invoice. We did not have a contract with them. Our engagement was in as far as discussions that we had with Nieeb,” Vera said, before he was asked to go back and return next Tuesday with all documentation relating to their dealings.

Anglo American Corporation’s Unki Mine management said they had refused to pay the requested funds because there was no legal basis to do that.

In January 2013, Nieeb demanded that Unki pay Brainworks the sum of $3,2 million for the provision of advisory services to the government and Nieeb.

The company, according to finance officer Collins Chibafa, responded that there was no basis for the invoice.

“This matter has been discussed internally and I regret to advise that these costs cannot be for Unki’s account. Brainworks Capital was not contracted by Unki, as its advisers neither was the scope of works to be carried out or fees to be charged agreed upfront. This cost will not pass our rigorous governance and internal control procedures,” Chibafa responded to Nieeb general manager Wellington Zengeza.

Asked if there had been any more communication following the rejection, Chibafa said there had been no further communication on the matter.

Anglo American Corporation country manager James Maphosa said Unki Mine had received inquiries from the Zimbabwe Revenue Authority regarding their dealings with Brainworks.

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