This category only includes cookies that ensures basic functionalities and security features of the website. FRESH details have emerged over how Croco Holdings Limited shareholder Moses Chingwena on Saturday night ran over and killed a pedestrian Shephard Mukatira. Moses Chingwena (Croco Motors, Orion Insurance)-$105 million. Government is on a major anti-corruption operation, with investigators raiding ministries, parastatals, Harare City Council and housing co-operatives last Thursday and Friday. Nehanda Radio - Zimbabwe News and Internet Radio. We carry an extensive selection of new and used vehicles for you to choose from. Croco Motors is an accredited dealer for Nissan, Toyota, Mazda, Ford, Kia, Volvo, Renault and UD trucks, and has been supplying cars to government ministries, parastatals, police and the military in lucrative deals. by Croco Motors CEO suspended 08 Jan 2016 at 05:14hrs | Views A NASTY fight is brewing between Croco Holdings Limited main shareholders Mr Moses Chingwena and … Moses Chingwena, the proprietor of Croco Motors, wholly owns Dulys, the company that owns the Ford franchise in Zimbabwe. Get the latest business insights from Dun & Bradstreet. But opting out of some of these cookies may have an effect on your browsing experience. Farai Matsika. Matsika further claims that huge liabilities are being incurred without his knowledge and subsidiary properties are being encumbered without his consent while payouts to people he does not know are being made out for reasons unknown. Matsika, who claimed to have taken time to approach the court, said he has since exhausted all social and family channels to have the matter solved amicably. Croco motors is the largest car dealer in Zimbabwe. Moses Chingwena. These cookies do not store any personal information. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. One such Billionaire is Moses Chingwena who Owns Croco Holdings. Mukatira passed on that night at a local hospital and was buried in Mudzi district on Tuesday. His networth is estimated to be $1.5 million. Necessary cookies are absolutely essential for the website to function properly. “Third respondent (Croco Holdings) be and is hereby ordered to pay the applicants the full value of 30 percent of its total issued ordinary shares and of 30 percent of the value of its investments in the 4th to 38th respondent within five days of completion of the forensic audit and valuation…,” read part of the draft order. CROCO HOLDINGS (PVT) LTD is located in Harare, Zimbabwe and is part of the Wholesale Sector Industry. Find company research, competitor information, contact details & financial data for CROCO MOTORS (PVT) LTD of Harare. One such Billionaire is Moses Chingwena who Owns Croco Holdings. “One thing is now clear to me, the first respondent does not desire to interface or involve me in the affairs of the companies under any circumstances whatsoever,” he says. He also has a … “Such actions are patently in violation of the shareholders’ agreement we duly and freely entered into and are an affront to my interests in the third respondent,” contends Matsika. But in an apparent attempt to block the sale, Chingwena is understood to have opposed the proposal. It is mandatory to procure user consent prior to running these cookies on your website. Advertising: adverts@nehandaradio.com #NehandaEyes: Tell us what is happening in your area. Moses Tonderayi Chingwena is a Zimbabwean entrepreneur. Tagwirei is the founder and CEO of Sakunda Holdings founded in 2005. 4. Chingwena once served as the chief operating officer of Orion Insurance Company and later joined Century Group in 1997. In an interview Matsika said he was shocked to see his … Awards were presented to winners in 24 … Competition was coming from dealers in Kenya, Mauritius, Zambia, Namibia, Lesotho, Swaziland, Botswana and Mozambique amongst other markets in the region. Croco Motors Stake Bid Backfires. He is the Co-founder of Croco motors and currently serves as the chairman. The Herald, Mali court ends trial of former coup leader Sanogo, Gunmen kidnap three teachers in Nigeria’s restive…, PG Hodzi vaccinated, urges public to embrace vaccines, Zacc says former Zinara boss Moses Juma is on the run, Robbers break into ZACC chair Justice Matanda-Moyo’s office, Editorial: editor@nehandaradio.com The Chairman of Croco Toyota, Mr Moses Chingwena told guests at the opening of Croco Toyota Mutare held last week Thursday that the company saw an investment opportunity in the Zimbabwean economy at a time when other investors were only seeing challenges. The European country maintains possession of... Rimo Jackson, the man who lived  and travelled everywhere with the late Genius 'Ginimbi' Kadungure, has given an interview to Techmag TV. Here is how... Mnangagwa urges Zimbabweans to get vaccinated as Fears of Covid-19 3rd Wave Grow, Robbers break into Justice Matanda-Moyo’s office, Standard Bank Defrauded – R270 Million Sent to Bitcoin wallets, Nigeria: Military Steps up Hunt for 39 Kidnapped Students, WATCH LIVE: Mary Chiwenga Slams Valerio Sibanda And CBZ Bank, South African Police Shoot Man Dead During Protest. D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like CROCO … Chingwena knocked down Shephard Mukatira along Poland Road in Gletwin in a matter whose details remain sketchy amid claims of a police cover-up. Chingwena joined the Century Group in 1997 as General Manager Operations with the Leasing Company of Zimbabwe and was then appointed Managing Director of the division in 1998. HARARE businessman Farai Matsika’s attempt to wrestle a 30 percent stake in Croco Holdings, a company owned by his cousin Mr Moses Chingwena, hit a brick wall after the High Court ruled that he used fabricated documents in his claim. View Wesley Chingwena’s profile on LinkedIn, the world’s largest professional community. In his application filed at the High Court this week, Matsika, who is being represented by Mutamangira and Associates, listed Chingwena, Chingwena Family Trust, Croco Holdings and 35 subsidiary companies as respondents in the suit. He also worked as general manager operations with the Leasing Company of Zimbabwe. “It is clear that the affairs of the company are being conducted in a very prejudicial manner towards my interests as shareholder.”. UD Trucks Southern Africa recognised the achievements of its regional independent network at this annual dealer awards ceremony. Moses Chingwena (Croco Motors) ‘ Major Blitz On Corruption, Involves Raids On Ministries, Parastatals, Harare City Council , And Housing Co-op s’ Posted on June 5, 2016 by newzimbabwevision. 10 Sep, 2020 - 00:09 2020-09-10T06:24:45+00:00 2020-09-10T00:01:58+00:00 0 Views. He also worked as general manager operations with the Leasing Company of Zimbabwe. We also use third-party cookies that help us analyze and understand how you use this website. We know that you want choice, and we provide it! Chingwena once served as the chief operating officer of Orion Insurance Company and later joined Century Group in 1997. Watch: South African Government Reveals that Bushiri Left South Africa Using... King Zwelithini Family Fights Over Burial Arrangements, DTK Records Claims to Own Soul jah Love’s Music. He has interest in Real estate. Whatsapp: +447748665050. He owns 30 percent shareholding in Croco, a multi-franchised automotive dealer. He co-owns Croco Motors and Doves Holdings, alongside chairman Moses Chingwena. To see this page as it is meant to appear, please enable your Javascript! Croco Motors, RBZ lock horns over controversial payment. We are THE leading multi-franchised automotive dealership in Zimbabwe. Croco Motors boss Moses Chingwena last week told Parliament that his company is owed millions of dollars accrued from the sale of 7 top of the range vehicles supplied to cabinet ministers. The feud between Matsika, a cousin to Chingwena, started in early 2015 after the former opted to exit Croco Holdings saying he felt crowded in decision-making by new senior executives hired by Chingwena. Matsika was suspended as chief executive of Croco Motors in January this year, although the company’s website and his LinkedIn page still list him in that capacity. RBZ however disputed the claims and submitted that the central bank paid US$1.4 million to the car dealer. Croco whose Head Office is by 1st Floor BB House, number 125 Leopold Takawira/Samora Machel, Harare is one of the key beneficiaries of foreign currency allocation from the RBZ. Chingwena, who is a shareholder at Croco Holdings Limited, was allegedly driving a red Jaguar XJL along Poland Road in Gletwin when he knocked down Shephard Mukatira, NewsDay has learnt. The shrewd businessman has interests in Croco Motors, Duly Holdings, Premier Auto Services and Kia Legacy. The shrewd businessman has interests in Croco Motors, Duly Holdings, Premier Auto Services and Kia Legacy. However, Matanga is said to have tried in vain to engage Croco Motors owner Moses Chingwena to conceal the corrupt act. Vehicle dealer Croco Motors’ owner Moses Chingwena has donated an ambulance towards the efforts to combat the fight against Covid-19. Croco Motors boss Moses Chingwena last week told Parliament that his company is owed millions of dollars accrued from the sale of 7 top of the range vehicles supplied to cabinet ministers. Have you ever noticed that some very rich Zimbabweans are rarely in the media? The matter, entered in High Court records as case number 58704/2015, was heard in the High Court in Pretoria on May 9, 2016. (adsbygoogle = window.adsbygoogle || []).push({}); Sorry, you have Javascript Disabled! Mthuli Ncube says Government has Suspended 12 Companies from Forex Auction. September 10, 2020 News. Croco Motors stake bid backfires . Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. 158 were here. He has a degree in Marketing Management and a Masters of Business Administration degree in strategic Management. Croco Motors is committed to superior service in all departments, from sales to finance to service. This comes as another businessman Farai Matsika has distanced himself from the case after some sections of the media used his picture instead of Chingwena’s picture. At CFX bank, he served as a non-executive … He is a businessman with vast interests in the energy sector, … The Croco Group of Companies is made up of: Full Name – Moses ChingwenaWife – Anne-Marie Chingwena, 1998 – MD Leasing Company of Zimbabwe/Century Bank, 1999 – Started Croco Motors With his wife, Chingwena reportedly had close links with the Mujuru family, Croco Motors Bank Accounts were recently frozen by the RBZ on Suspicion of money Laundering, Chingwena was accused of working with Gideon Gono on various under hand dealings in the hyper-inflation era of 2005 – 2009. Ginimbi’s ‘Boyfriend’ Speaks For The First Time, Ginimbi ‘s Sister Is Not Inheriting All His Wealth – Manager. The business man presented the ambulance to the President of Zimbabwe Emmerson Mnangagwa this afternoon in the presence of Vice President retired general Constantino Chiwenga and Vice President Kembo Mohadi. This comes as another businessman Farai Matsika has distanced himself from the case after some sections of the media used his picture instead of Chingwena’s picture. “Third respondent be and is hereby directed to reduce third respondent’s share capital once the full amount of its thirty percent issued ordinary shares have been paid by third respondent.”. Matsika reportedly offered his shares to Chingwena, subject to valuation of the business by auditors. In the application, Matsika and Fairgold Investments (Private) Limited, were the applicants, while Motor vehicles dealer Croco Motors has locked horns with the Reserve Bank of Zimbabwe (RBZ) over a controversial payment in respect of vehicles supplied to the government in 2018. Chingwena was served with the papers on Wednesday and is yet to respond. Wesley has 1 job listed on their profile. This website uses cookies to improve your experience. BREAKING NEWS! These cookies will be stored in your browser only with your consent. All Rights Reserved. Croco Motors owned by long time government vehicle supplier Moses Chingwena (Picture by Zimbabwe Independent) Mukatira died when Chingwena’s … Spyware Used To Steal Ramaphosa’s Leaked Emails Cost SA Taxpayers R53... Watch: Ethiopia’s Women Recount how they were Attacked in Tigray, WATCH LIVE: Zimbabwe On The Verge Of A Major Change, OLD Mutual’s Full-Year Profit Down By 60%, Millionaire Kudzanai Kangara Source of Wealth Revealed. Fresh details have emerged over how Croco Holdings Limited shareholder Moses Chingwena on Saturday night ran over and killed a pedestrian Shephard Mukatira. There are 2 companies in the CROCO HOLDINGS (PVT) LTD corporate family. The Southern African Development Community (SADC) reiterated its support for Madagascar in the ongoing dispute over islands with France. In Zimbabwe Duly Trucks and Croco Motors represent UD Trucks. Croco Motors has operations in Harare, Bulawayo, Masvingo, Chiredzi, Selous, Mutare and Victoria Falls. Chingwena appears to have failed to build relations with Emmerson Mnangagwa to save his loot as Zimbabwe Intelligence recently leaked a dossier on his wealth. Chingwena served as the COO of Orion Insurance Company. Passion Java Threatens to Blind people who Hacked his Instagram Account. Out of frustration, Matsika then ordered an audit to determine the net worth of the business and this led to his suspension. Now he wants the court to order a forensic audit and valuation of Croco Holdings and its investments in all the 35 subsidiary companies and conducted by an accounting firm registered in terms of the Public Accountants and Auditors Act (Chapter 27:12) to be appointed by the registrar of companies listed as the 39th respondent in the voluminous application. In the wake of the onslaught on the company, Croco Motors, whose directors and senior management include Moses Chingwena (chairman), Farai Matsika … Matsika was suspended as group chief executive five years ago for ordering valuation of the company to determine the value of the business, after he snubbed a hearing. This website uses cookies to improve your experience while you navigate through the website. Croco Holdings reportedly has shares in big business concerns such as Engen Zimbabwe, Dunlop, National Tyre Services and also has interests in equipment manufacturer Bains Farm Equipment. Log into your account. See the complete profile on LinkedIn and discover Wesley’s connections and jobs at similar companies. © 2021 - Nehanda Radio. Welcome! 0 Comments. The shareholder at Croco Holdings Limited, was allegedly behind the wheel of Jaguar XJL. Matsika claims in family negotiations that he built the Croco business empire for 26 years while his cousin Chingwena was working at LCZ, Century Bank and Discount house, which he claims are failed companies. A long-standing feud between Croco Holdings main shareholders — Moses Chingwena and Farai Matsika — has spilled into the High Court, with Matsika seeking a forensic audit and valuation of the company plus payment of full value of his 30 percent shareholding. After Samukange threatened to expose him, Viera admitted to having investigated the matter, but said he dumped the investigations because a Croco Motors official, Moses Chingwena, was unco-operative. Croco Motors owned by long time government vehicle supplier Moses Chingwena (Picture by Zimbabwe Independent) Matsika is one of the major shareholders in Doves Holdings, a … Mai Titi Clashes with Zuva Habane Over Ms Shally’s boyfriend Cheating... Burnaboy, Wizkid among 2021 Grammy awards Winners. The … You also have the option to opt-out of these cookies. Kudakwashe Tagwirei. your password Moses Chingwena. He’s the co-founder of Croco Motors and currently serves as its chairman. We'll assume you're ok with this, but you can opt-out if you wish. SADC Reiterates Support for Madagascar Over Disputed Islands With France, Kenya Will not Participate in Hearings on Border Dispute With Somalia, Central African Republic Votes in Shadow of Rebel Offensive. He co-founded and is shareholder of Croco Motors and is also currently its chairman. your username. CROCO HOLDINGS (PVT) LTD has 466 employees at this location and generates $103.76 million in sales (USD). Matsika is one of the major shareholders in Doves Holdings, a funeral assurance firm.