War vets revive investment fund

LIBERATION war veterans have revived Zexcom Investment Fund Limited which has been under judicial management since 2001 to improve members’ welfare and follow up on debtors.

Zexcom’s new board chairman, Cde Crispen Mashayamombe, confirmed the development and said it was the duty of the board to pursue anyone who might possess books or assets of the company or those who might have unlawfully withdrawn money or other benefits from the company.

Zanu PF Secretary for Welfare Services for War Veterans, War Collaborators, Ex-Political Prisoners, Detainees and Restrictees, Cde Douglas Mahiya confirmed the resuscitation of Zexcom and said it was a stand-alone entity formed by their members.

“Zexcom does not belong to the Zimbabwe National Liberation War Veterans Association, but it is made up of the association’s members,” he said.

“We are not involved in its daily activities. As individuals they can elect their own board members. We only come in to support their cause and safeguard their interests in the association and the party.”

Cde Mashayamombe said they would not leave any stone unturned to ensure the company resumes operations.

“In a letter dated July 16, 2019, we were instructed by the Master of the High Court to pursue anyone who might possess books or assets belonging to the company or who might have unlawfully drawn money or other benefits from the company,” said Cde Mashayamombe, a former HQ 3 Brigade (now Herbert Chitepo Barrack) public relations officer.

“As the board of directors, we abide by the laws of the land. Our vision is to enter into the mobile network sector. We also want to venture into mining and all modern commercial ventures.”

The board has drawn a list of debtors who owe the company various amounts of money, among them a late national hero, as well as an executive member of the Zimbabwe National Liberation War Veterans’ Association.

Some of the debtors owe Zexcom money, vehicles, hardware shops and bicycles, among other properties. Cde Mashayamombe warned their members to be wary of some shareholders within the company who are masquerading as board members and going around the country addressing meetings.–herald.co.zw