{"id":175855,"date":"2024-07-04T07:51:14","date_gmt":"2024-07-04T05:51:14","guid":{"rendered":"https:\/\/southafricatoday.net\/africa-news\/southern-africa\/zimbabwe\/zimbabwes-sovereign-wealth-fund-paid-grossly-inflated-1-6bn-for-shares-in-mining-house\/"},"modified":"2024-07-04T07:51:14","modified_gmt":"2024-07-04T05:51:14","slug":"zimbabwes-sovereign-wealth-fund-paid-grossly-inflated-1-6bn-for-shares-in-mining-house","status":"publish","type":"post","link":"https:\/\/southafricatoday.net\/africa-news\/southern-africa\/zimbabwe\/zimbabwes-sovereign-wealth-fund-paid-grossly-inflated-1-6bn-for-shares-in-mining-house\/","title":{"rendered":"Zimbabwe&#8217;s Sovereign Wealth Fund Paid &#8216;Grossly Inflated&#8217; $1.6bn for Shares in Mining House"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"story-body-text\" data-para-word-count=\"22\"><em>Authorities in Zimbabwe have refused to disclose who got the massive payout, an amount equivalent to 5% of the nation&#8217;s GDP. <\/em><\/p>\n<p class=\"story-body-text\" data-para-word-count=\"42\">Zimbabwe&#8217;s sovereign wealth fund reportedly paid a &#8220;grossly inflated&#8221; $1.6-billion to a set of unknown private individuals to buy their shares in a mining conglomerate with recent links to <a target=\"_blank\" href=\"https:\/\/www.dailymaverick.co.za\/article\/2022-06-19-companies-linked-to-zim-presidents-controversial-adviser-kuda-tagwirei-score-from-multimillion-dollar-divestments\/\" rel=\"noopener\">Kudakwashe Tagwirei<\/a>, a controversial presidential adviser and ruling party donor accused of corruption.<\/p>\n<p class=\"story-body-text\" data-para-word-count=\"35\">The massive debt-fuelled transfer of public wealth, an amount equivalent to 5% of&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/allafrica.com\/stories\/202407040072.html\" target=\"_blank\" rel=\"noopener\">Read more on AllAfrica.com<\/a><br \/>\n<br \/>South Africa Today Africa \u2013 Southern Africa <a title=\"Zimbabwe\" href=\"https:\/\/southafricatoday.net\/africa-news\/category\/southern-africa\/zimbabwe\/\">Zimbabwe<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Authorities in Zimbabwe have refused to disclose who got the massive payout, an amount equivalent to 5% of the nation&#8217;s GDP. Zimbabwe&#8217;s sovereign wealth fund reportedly paid a &#8220;grossly inflated&#8221; $1.6-billion to a set of unknown private individuals to buy their shares in a mining conglomerate with recent links to Kudakwashe Tagwirei, a controversial presidential [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":188473,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[248],"tags":[48947,258,256,5111,28114,5110,36567,6477,257,12206,9825,254,14649,6273,421,7726],"class_list":["post-175855","post","type-post","status-publish","format-standard","has-post-thumbnail","category-zimbabwe","tag-1-6bn","tag-africa","tag-africa-news","tag-fund","tag-grossly","tag-house","tag-inflated","tag-mining","tag-news","tag-paid","tag-shares","tag-south-africa-today","tag-sovereign","tag-wealth","tag-zimbabwe-news","tag-zimbabwes"],"_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/175855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=175855"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/175855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/188473"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=175855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=175855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=175855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}