Chidakwa admits ZCDC was illegally formed

MINES minister Walter Chidakwa yesterday admitted before Parliament that the new diamond company, Zimbabwe Consolidated Diamond Company (ZCDC), was illegally formed with no legal instrument to support it.

Chidakwa made the remarks when he appeared before the Daniel Shumba-led Parliamentary Portfolio Committee on Mines together with his deputy Fred Moyo and ministry secretary, Francis Gudyanga to answer questions over corporate governance issues that have been lacking in the mining sector.

“The ministry will ensure that all government companies are formed correctly from a legal perspective,” Chidakwa said.

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