NewsBy Nyasha ChumaJohannesburg: PROMINENT Zimbabwean businessman Mutumwa Mawere has died in South Africa Thursday.He was aged 66.He succumbed to a long neuro related illness which saw him in and out of hospital.Family members confirmed his death.Mawere rose to fame as a high profile entrepreneur with extensive interests in mining, manufacturing and finance.He was founder of Africa Resources Limited.He rose to prominence in the 1990s building one of Zimbabwe’s largest privately owned industrial conglomerates with operations spanning mining, engineering and financial services.At the height of his business career, Mawere controlled several major companies that employed thousands of people across the country.In 2004, government placed his business empire under reconstruction, effectively seizing control of his companies under the SMM Holdings parenthood.The move triggered a protracted legal and political dispute that stretched over two decades and played out in Zimbabwean and international courts, fundamentally reshaping his business career.Mawere spent much of his later years outside Zimbabwe, continuing to challenge the takeover of his companies while remaining an influential and often controversial figure in regional business and policy debatesFuneral arrangements and further details were yet to be announced at the time of writing.Leave a ReplyCancel reply NewsBy Nyasha ChumaJohannesburg: PROMINENT Zimbabwean businessman Mutumwa Mawere has died in South Africa Thursday.He was aged 66.He succumbed to a long neuro related illness which saw him in and out of hospital.Family members confirmed his death.Mawere rose to fame as a high profile entrepreneur with extensive interests in mining, manufacturing and finance.He was founder of Africa Resources Limited.He rose to prominence in the 1990s building one of Zimbabwe’s largest privately owned industrial conglomerates with operations spanning mining, engineering and financial services.At the height of his business career, Mawere controlled several major companies that employed thousands of people across the country.In 2004, government placed his business empire under reconstruction, effectively seizing control of his companies under the SMM Holdings parenthood.The move triggered a protracted legal and political dispute that stretched over two decades and played out in Zimbabwean and international courts, fundamentally reshaping his business career.Mawere spent much of his later years outside Zimbabwe, continuing to challenge the takeover of his companies while remaining an influential and often controversial figure in regional business and policy debatesFuneral arrangements and further details were yet to be announced at the time of writing. Johannesburg: PROMINENT Zimbabwean businessman Mutumwa Mawere has died in South Africa Thursday. He succumbed to a long neuro related illness which saw him in and out of hospital.Family members confirmed his death.
Mawere rose to fame as a high profile entrepreneur with extensive interests in mining, manufacturing and finance. He rose to prominence in the 1990s building one of Zimbabwe’s largest privately owned industrial conglomerates with operations spanning mining, engineering and financial services. At the height of his business career, Mawere controlled several major companies that employed thousands of people across the country.
In 2004, government placed his business empire under reconstruction, effectively seizing control of his companies under the SMM Holdings parenthood. The move triggered a protracted legal and political dispute that stretched over two decades and played out in Zimbabwean and international courts, fundamentally reshaping his business career. Mawere spent much of his later years outside Zimbabwe, continuing to challenge the takeover of his companies while remaining an influential and often controversial figure in regional business and policy debates
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