Former Botswana President Demands His Shares In Choppies, Says Mphoko Was Just A Front

Former Botswana president Festus Mogae is reported to be involved in a battle for control of Choppies Zimbabwe with former Vice President Phelekezela Mphoko. Mogae alleges that Mphoko was used to bypass provisions of the Indigenisation Act which required locals to own 51 percent of businesses and that Mphoko was given only 7 percent of the shares for this role and not the 51 percent which he is now claiming. A letter written by Mogae to Mphoko which is quoted by the Zimbabwe Independent reads,

My brother, I would like to bring the following facts to your attention: We entered into this partnership with a clear understanding of the shareholding of 93% shares to Choppies Enterprises and 7% to the Mphoko family, free of charge. We signed agreements based on this and even the office of the former president (Robert Mugabe) has got these agreements.

You are well aware that I had access to former president, RG Mugabe and I did clear this with him in the presence of former foreign minister (honourable) Simbarashe S Mumbengegwi. I have the same access to the current president as I had with the previous one.


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Speaking to the Zimbabwe Independent, Mogae said,

That letter was written when we realised there was something impossible that had been happening for some time and we needed to regularise that, which is the issue of Choppies’ shareholding in Zimbabwe. We would love to continue operating in Zimbabwe, but we need to have things in order in the correct manner.

However, Mphoko dismissed Mogae’s claims saying that people wanted to advantage of the fact that he was no longer a part of the government.  He insisted that he still owns 51 percent of the supermarket chain and said that he has the documentation to back him.

 

More: The Zimbabwe Independent

Phelekezela MphokoChoppies ZimbabweRobert Mugabe

Phelekezela Mphoko was the vice president of the Republic of Zimbabwe and former secretary of the Zanu-PF party. Mphoko was appointed to this position by Robert Mugabe on 10 December 2014. The other vice president appointed at the same time as him is Emmerson Mnangagwa.... Read More About Phelekezela Mphoko

Choppies Zimbabwe is the Zimbabwean operation of Botswana Stock Exchange-listed supermarket retail chain Choppies. Choppies Zimbabwe is owned by Nanavac Investment (Pvt) Ltd which is itself owned 51% by Siqokoqela Mphoko (son to former Zimbabwe vice president Phelekezela Mphoko) to and 49% the Botswana stock... Read More About Choppies Zimbabwe

Robert Mugabe was a politician and the former President of Zimbabwe. He was the President of the Republic of Zimbabwe from 1987 to November 2017. Prior to this, he was the Prime Minister of Zimbabwe since the attainment of independence in 1980. Mugabe resigned from... Read More About Robert Mugabe

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4 comments on “Former Botswana President Demands His Shares In Choppies, Says Mphoko Was Just A Front

  1. This is another case that closes the so called Zimbabwe is open for business. RG knew that the Choppies indegenisation was a fraud, and most probably his deputy now president knew and we lie to the world we are open for business when all we want is to steal their shares.

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Former Botswana President Demands His Shares In Choppies, Says Mphoko Was Just A Front