{"id":64336,"date":"2022-08-12T19:03:07","date_gmt":"2022-08-12T17:03:07","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/chiwenga-tells-innscor-to-be-organised-or-be-treated-as-enemy-of-the-state-report"},"modified":"2022-08-12T21:13:47","modified_gmt":"2022-08-12T19:13:47","slug":"chiwenga-tells-innscor-to-be-organised-or-be-treated-as-enemy-of-the-state-report","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/chiwenga-tells-innscor-to-be-organised-or-be-treated-as-enemy-of-the-state-report","title":{"rendered":"Chiwenga Tells Innscor To Be Organised Or Be Treated As Enemy Of The State \u2013 Report"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>Vice President Constantino Chiwenga reportedly told Innscor Africa to put its house in order or to be treated as an enemy of the state amid reports that the company was fuelling currency volatilities rocking the market.<\/p>\n<p>The Independent reports that Chiwenga confronted the company during a meeting between President Emmerson Mnangagwa and Innscor Africa shareholders over the allegations.<\/p>\n<p>Innscor has numerous investments in the fast food sector under Simbisa Brands, National Foods, Irvines, Associated Meat Packers, Prodairy, NatPak, Profeeds, Probottlers, Colcom Foods and National Foods Logistics. It also wholly owns the Botswana Milling and Produce Company.<\/p>\n<p>The meeting comes at a time Mnangagwa\u2019s administration has declared war on \u201ceconomic saboteurs\u201d, frustrating its efforts to turn around Zimbabwe\u2019s fragile economy choked by spiking inflation, currency turbulence and skyrocketing prices.<\/p>\n<p>The Independent reports that the meeting was held in May at Munhumutapa Building over delays by Innscor to settle a loan to various financial institutions, believed to be running into billions of dollars.<\/p>\n<p>The publication was told that in separate briefings, Innscor\u2019s proprietors were summoned to explain their borrowing history. It is then that Chiwenga allegedly ordered Innscor bosses to put their house in order or risk the consequences of being treated as enemies of the state.<\/p>\n<p>A source who spoke to The Independent on condition of anonymity said:<\/p>\n<p>During the tense discussions, Chiwenga went ballistic. He told the Innscor proprietors that he wanted them to commit themselves to coming up with a holistic solution with Mnangagwa.<\/p>\n<p>In blunt terms, and evoking his military background to the visibly frightened executives, Chiwenga told them that, \u2018I am a soldier, and I consider economic saboteurs as enemies. For every enemy there is a bullet,\u201d<\/p>\n<p>The Independent was also told that Innscor then pleaded for some time to settle the debt.<\/p>\n<p>The Reserve Bank of Zimbabwe (RBZ) has severally indicated that the Financial Intelligence Unit (FIU) was monitoring truant players in the economy.<\/p>\n<p>Innscor was one of the companies identified by the FIU for fuelling speculative borrowing on the market after accessing billions in loans.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. Vice President Constantino Chiwenga reportedly told Innscor Africa to put its house in order or to be treated as an enemy of the state amid reports that the company was fuelling currency volatilities rocking the market. The Independent reports that Chiwenga confronted the company during a meeting between President Emmerson Mnangagwa and [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":64335,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,7,35,15],"tags":[1493,2189,7153,7171,19],"class_list":["post-64336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zimbabwe-2","tag-constantino-guvheya-nyikadzino-domnic-chiwenga","tag-innscor-africa-limited","tag-zimbabwe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chiwenga Tells Innscor To Be Organised Or Be Treated As Enemy Of The State \u2013 Report - zimbabwe<\/title>\n<meta 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