RTG executives cleared of wrongdoing

NATIONAL Social Security Authority (Nssa) board chairperson Emmanuel Fundira has been asked to engage the Zimbabwe Anti-Corruption Commission (Zacc) over a controversial investigation where Rainbow Tourism Group (RTG) executives are being targeted as part of a scheme to weaken the tourism giant’s stock.

Vultures are allegedly circling around RTG after Nssa, which holds a 91,6% stake in the leading tourism group, announced plans to dispose of 56% of its shares.

Zacc has been investigating RTG executives for alleged financial misconduct that includes a skewed salary structure, gratuities and allowances, but the tourism player’s board has dismissed the claims as unfounded amid indications that this could a well-orchestrated plan to degrade the company’s stock so that the plotters buy it cheaply.

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