There is confusion as to how much the company benefitted with some reports saying it was given up to US$3 billion but Finance Permanent Secretary George Guvamatanga says the amount does not exceed US$1 billion.
The company told Clerk of Parliament Kennedy Chokuda that it was not able to give evidence because Tagwirei was out of the country.
It is now expected to testify on Friday.
The chairman of the Public Accounts Committee, Tendai Biti, one of the vice-presidents of the opposition Movement for Democratic Change, said this was a lame excuse because the company could have sent a representative.
“We have not requested the evidence from an individual, but Sakunda Holdings as an institution and, therefore, we find their excuse for not showing up a flimsy unacceptable excuse,”Biti said.
(75 VIEWS)
Zimbabwe is among the top 30 countries in the world with the widest gap between…
Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…
The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…
Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…
Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…