Seventh Meeting Decisions Matrix


1.0 Principles for the Private Voluntary Organisation Amendment Bill

Cabinet received a presentation from the Minister of Public Service, Labour and Social Welfare on principles to amend the Private Voluntary Organisations Act (Chapter 17:05) in order to render it compliant with the requirements of the Financial Action Task Force (FATF) on combating money laundering and financing of terrorism by individuals and Institutions. More specifically, the amendment seeks to ensure that Private Voluntary Organisations (PVOs) in Zimbabwe are not used as conduits for money laundering and funding of terrorist activities, while seeking to bring about efficiency in the registration and regulation of the same. Key provisions of the principles include the following:

that at registration of a PVO, all essential information regarding the beneficial ownership and interest in a PVO be disclosed to authorities;

that where the beneficial ownership and interest is not disclosed, registration be declined;

that it be a criminal offence to falsify information on the beneficial ownership and interest of the PVO; and

where such registration had been made earlier without disclosure, it be deemed null and void.

Cabinet approved the principles and directed the minister to issue instructions for the drafting of the actual Bill.

2.0 Public Enterprises Reform, Industrial Development Corporation (IDC)

Under the Public Enterprises Reform Programme, the Minister of Finance and Economic Development presented to Cabinet a proposal pertaining to the restructuring of six Industrial Development Corporation (IDC) subsidiaries. Cabinet approved as follows:

a) Resumption of the IDCZ Development Financing Role

That the Industrial Development Corporation of Zimbabwe (IDCZ) lending function as a Development Financial Institution (DFI) be revived, and that the $30 million allocated in the 2019 National Budget as seed capital be immediately released in full to the Industrial Development Fund.

b) Zimglass Debt

That the Government undertakes market interventions in order to address the $15,3 million secured loan in a manner that protects IDCZ assets; and that IDCZ utilises its land holdings as security in that regard.

c) Zimbabwe Grain Bag (ZGB)

That IDCZ disposes of its entire 49 percent shareholding in ZGB.

d) Ginhole Investments

The transfer of title of the 594-hectare Last Hope Estates t/a Ginhole Investments (Private) Limited from Zimbabwe Development Corporation to the Industrial Development Corporation of Zimbabwe Limited.

e) Willowvale Motor Industries (WMI) and Deven Engineering

The dilution of the IDCZ stake in WMI and Deven Engineering to not less than 26 percent and to support the Zimbabwe Motor Industry Development Policy (2018-2030) by requiring that Government procures the bulk of its motor vehicle requirements from local assemblers.

3.0 Cricket 3 Mine Disaster

Cabinet was briefed by the Minister of Local Government, Public Works and National Housing on the latest position regarding the rescue efforts following the disaster that took place at the Battlefields mining area.

The minister reported that bodies of the two persons still to be accounted for at the Cricket 3 Mine shaft had been located, with one of them having been retrieved early today (yesterday) morning. This marks the closure of the rescue efforts pertaining to Battlefields Mine Disaster.

Cabinet once again expresses its deepest condolences to the affected families and the artisanal mining fraternity in general.

Government also wishes to convey its profound gratitude to the Ministries of Local Government, Public Works and National Housing; and Mines and Mining Development, mining companies, artisanal miners and all those who worked hard throughout the rescue operation.

Cabinet directed that, going forward, the Minister of Mines and Mining Development should take measures to improve security around disused mines and to bring about order in the operations of artisanal miners.

4.0 Establishment of Stainless Steel Plant

Cabinet received an update from the Minister of Mines and Mining Development on the Stainless Steel Project in Mvuma. This project entails the export of raw iron ore as well as the value addition of iron ore to stainless steel, initially carbon steel. The project also involves upgrading of the railway infrastructure. Ramping up of ferrochrome production to achieve the required output is already in progress

Construction of a coke oven battery to feed the stainless steel plant will commence in the second half of this year. Cabinet noted the Minister’s presentation and agreed with the need for Government to support the investment initiative.

5.0 State of the 2018/2019 Agricultural Season

Cabinet expressed concern over the prospects for the 2018/2019 agricultural season in light of the prolonged dry spell being experienced in the country. Cabinet, accordingly directed the Minister of Lands, Agriculture, Water, Climate and Rural Resettlement to urgently institute a crop and livestock assessment exercise in order to guide efforts to alleviate the situation.

6.0 Targeted Rehabilitation of Key Hospitals in the Country

Cabinet expressed concern over the growing trend of outbreaks of fire at Government health institutions and called for an in-depth investigation into the causes of the occurrences. Furthermore, Cabinet resolved to carry out targeted refurbishment of strategic public hospitals throughout the country in order to improve health service provision.

source:the herald

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