The company and its banking unit, Steward Bank, obtained an order last week to have stories published by The Source withdrawn and conduct a search and seize operation at the agency.
Econet and Steward Bank also wanted permission to raid the publication’s offices and seize the “stolen documents” that were quoted and laptops of journalist Bernard Mpofu who wrote the stories.
 |
| Econet and Steward Bank also wanted permission to raid the publication’s offices and seize the “stolen documents” that were quoted and laptops of journalist Bernard Mpofu who wrote the stories. |
Mhike argued that the search and seizure order violates the fundamental right of freedom of expression as enshrined in the Zimbabwean Constitution.
One of the contentious stories titled Steward Bank seeks to settle $2,1million in Chiyangwa loan alleged that Steward Bank, was considering swapping residential stands to the tune of $2,1 million to recover funds borrowed by a property firm owned by businessman Phillip Chiyangwa.
The article quoted confidential documents which showed that Pinnacle Property Holdings owes $2 170 763,78 despite surrendering collateral worth $720 000 as security.
The other story Debt-distressed Zimbabwe moves to reschedule domestic debt claimed that the government had borrowed $30 million from Econet, disbursed through its banking subsidiary Steward, in a deal brokered by former Econet chairman Tawanda Nyambirai.
The Source, however, raised some constitutional questions which they wished to be referred to the ConCourt and made an urgent chamber application seeking relief from the High Court.
Speaking on the matter after the hearing which was heard by High Court judge Justice Joseph Musakwa in chambers yesterday, Mhike said the search and seizure raised some serious questions on the freedom of expression by the media.
“There are specific rights granted to the media in the Constitution and we wish for the ConCourt to address those questions,” he said. Nehanda Radio
Welcome to Oudney Patsika's Website. Oudney Patsika is an award-winning Business Growth Consultant dedicated to helping you build a truly hyper-profitable business. Our mission is to provide in-depth, well-researched insights and strategies that go beyond the surface, enabling you to efficiently systemize operations, fully optimize resources, and scale your enterprise for significant growth.
Learn how to achieve these monumental results without working harder or spending unnecessary extra capital. Discover and implement strategic growth solutions that empower your business for maximum expansion. Unlock your business's full, untapped potential today.
Common Questions and Popular Searches
Explore Answers To Frequent Questions And Discover Resources For Your Solar Journey:
1.5kVA Systems
Powers Lights, WiFi, and TV.
3.5kVA Systems
Powers Fridge and essentials.
5kVA+ Systems
Powers entire Homes and Pumps.
Best Solar Inverters
Must, Growtech, Codi and Other Brands
Borehole Drilling
Drilling and Solar Pump Services.
Best Lithium Batteries
Affordable Solar Batteries in Zimbabwe.
Welcome to Oudney Patsika’s Blog: Getting Your Message Heard in a Noisy World. In today’s fast-paced, media-driven culture, your ideas and messages must be amplified to stand out and reach a larger audience. Oudney shares actionable insights and strategies designed to help communicators, entrepreneurs, and leaders make their voices heard, engage effectively, and influence their target communities.
Discover how to craft and deliver compelling content that resonates, cuts through distractions, and drives meaningful engagement. Learn to communicate your message powerfully and achieve measurable impact in your field.
Oudney Patsika