Trafigura, a controversial Dutch multinational oil
trader is planning to takeover a Zanu PF linked Sakunda fuel group. The move is
seen as Trafigura cementing its long standing good relationship with the Mugabe
regime design to prop up the cash strapped tyrant.
Trafigura was the company behind the 2006 UN story
of toxic waste shipped to Cote d’Ivoire resulting in the death of 17 and injury
of over 30 000.
It is tempting for companies like Trafigura and
countries like China to prop up the corrupt and tyrannical Mugabe regime
because they know the regime is desperate for cash and will sell the nation's
treasures for a song. These vultures are banking on two things:
1) that the tyrant will remain in office long
enough for them to fleece the country and get a return on their
investment.
2) that the regime that will follow the Mugabe
regime will be composed of incompetent individuals whom they will bribe with a
sea cruise to the Seychelles or something and everything will be forgotten.
What these vultures must now take into
consideration is the reality, not possibility but reality, that they are wrong
on both counts!
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Hwange Coal Colliery has secured a $18 million loan from the regional PTA Bank and some fear the money will be looted by government officials and the colliery’s top managers.
Mugabe has been piling up the debt ever since he got into office and has very little to show for all the money he has borrowed. When a good parent dies they leave a house, a car, money in the bank, herd of cattle, etc. as inheritance for the family and relatives; all Mugabe is leaving the nation is a mountain of debt, collapse health service and a mountain of other economic and political problems!
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