Zimbabwe blacklists 13 contracted firms for black market cash deals
-
Loading... - Aluna Musau
- 04 Apr 2023
- 59 Views
- 0 Like
- 0 Comment
'This waters down government efforts towards the stabilisation of the local currency and containment of inflation'
Treasury has blacklisted 13 local companies from a government suppliers’ database for allegedly fuelling the country’s high inflation rate through illegal cash deals on the black market.
The embargoed firms, according to a Monday statement by Finance Minister Mthuli Ncube, were recently exposed for wrongdoing by the Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU).
“Following the blacklisting of some companies through my statement dated 09 November 2022, government is concerned and disturbed to note the continuation of indecorous behaviour by some companies who continue to fuel illegal parallel market activities,” Ncube said.
“This waters down government efforts towards the stabilisation of the local currency and containment of inflation, thereby pervading the economy at the expense of the generality of the citizens of Zimbabwe.
“Such behaviour cannot be condoned.”
Ncube went on to list as blacklisted, Casha Designs (Pvt) Ltd, Re-net Technologies (Pvt) Ltd, Malfran Investments (Pvt) Ltd, Difflock Construction (Pvt) Ltd, Staman Investments (Pvt) Ltd, Guide Marketing (Pvt) Ltd, Nodship Investments Pvt Ltd and Infinity Hire Pvt Ltd.
Also blacklisted were Nomalanga Marketing Pvt Ltd, Gift Mwayers t/a Mwayera Transport Pvt Ltd, Mukota Haulage and Buses, Ofixmore Marketing Pvt Ltd and Blecia Investments. Read More…
