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Civic Groups Protest Old Mutual Stake In ZimPapers


The Confederation of South African Trade Unions and the refugee support group people against suffering, suppression, and poverty have written to Old Mutual Chief Executive Julian Roberts to urge divestment of the 19 percent stake.

In media news, Old Mutual life assurance company of South Africa has come under pressure to sell off its stake in ZimPapers, the Zimbabwean state holding company for print publications including the Herald, the Chronicle and other titles.

The Confederation of South African Trade Unions and the refugee support group people against suffering, suppression, and poverty have written to Old Mutual Chief Executive Julian Roberts to urge divestment of the 19 percent stake.

The activists say owning shares in zimpapers is quote “equivalent to putting bullets into a gun that kills opposition voices in zimbabwe,” and have posted a petition on the web which it will hand over to old mutual if it ignores the call.

Old Mutual chairman Muchandeyi Masaunda told Studio Seven reporter Patience Rusere that the company is focused on the interests of its investors and does not want to involve itself in Zimbabwean politics.

More reports from VOA's Studio 7 for Zimbabwe...

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