SMM: From Chinamasa to Mpofu

The atmosphere surrounding the transfer of the administration of SMM Holdings Private Limited (“SMM”) from Justice minister Patrick Chinamasa to Mines minister Obert Mpofu raises more questions than answers.

The Constitution of Zimbabwe has no provision for expropriation of private property although recent statements on indigenisation seem to suggest otherwise.

The purported movement of shares from Mutumwa Mawere to the government-controlled vehicles, for example, AMG Global Nominees Private Limited (“AMG) and Nickdale Investments Private Limited (“Nickdale”), is yet to be properly explained.

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