ZANU PF LOOTS POSB IN BROAD DAYLIGHT

The ZANU PF government has done it again. They want to sell the People’s Own Savings Bank (POSB) to a company called Hebrew Investment Group (HIG), but this deal is not legal. It is corruption in the open. They want to take something that belongs to the people and hand it over to people we don’t even know.

This is not just a small deal. It is a $100 million transaction. In return, the government claims they will get a $6 billion loan. But we don’t know who really owns HIG. We don’t know where they came from. We don’t know if they have any history of running banks or doing business. What we know is that the law was not followed, and people in power are trying to steal from the nation.

By law, any public asset like POSB must go through a clear process before it can be sold. The law says there must be a shareholders’ agreement, approval from the board, and an open tender where many buyers can bid. None of this was done. Mnangagwa just gave the order and expected it to go through without questions.

Even Attorney-General Virginia Mabiza is involved in this dirty deal. She should be protecting the law, not breaking it. The letters from her office and the President trying to force POSB to go ahead with the sale are wrong. This is not leadership. This is theft.

The law is very clear. The Public Procurement and Disposal of Public Assets Act says there must be fairness and openness when selling public property. We have institutions like the Procurement Regulatory Authority of Zimbabwe (PRAZ) to make sure these rules are followed. We even have a Special Procurement Oversight Committee to stop shady deals. But all these were ignored.

The board of POSB was not even part of the decision. That means this deal is illegal. It is not about making POSB better. It is about making rich people richer while the rest of us suffer. No public tender was done. No transparency. Just a group of powerful people trying to help themselves.

This is the same ZANU PF we have known for years. They pretend to care about the people, but every move they make is to steal more. The sale of POSB is not a plan to grow the economy. It is a scam. It is money laundering. It is a plan to move money into the hands of a few people while everyone else is left behind.

We must ask: who owns Hebrew Investment Group? Why was this company picked without competition? What are their goals? Why the secrecy? All these are signs that something is not right. Zimbabweans are being lied to again.

This deal is proof that Mnangagwa is not a reformer. He is just like the others who came before him. He is part of the same corrupt system. He is not fixing Zimbabwe. He is helping to destroy it.

Zimbabweans must say no. We must not allow our banks to be sold in the dark. We must not allow our leaders to treat public property like their own. The people must rise up and demand answers. We must say enough is enough. We cannot watch while our country is looted again.

This is our money. This is our bank. This is our future. We must protect it. We must stop this sale and hold every person involved accountable. If we keep quiet, they will take everything. If we speak up, we still have a chance to save Zimbabwe. Let us not wait. Let us act. The time is now.