Connect with us

Sports News

ConCourt Decision Marks Defeat for Farai Matsika in Croco Motors Ownership Conflict

Published

1 year ago

on

Constitutional Court Ends Farai Matsika's Fight for Croco Motors Stake

Harare businessman Farai Matsika has lost a crucial Constitutional Court (ConCourt) bid to appeal a Supreme Court ruling that favored his cousin and business rival, Moses Chingwena, along with Chingwena’s companies.

The conflict between Matsika and Chingwena centers around the ownership and management of Croco Motors and its subsidiaries. While Chingwena manages Croco Motors and other businesses, Matsika now oversees Faramatsi Motors and Doves Holdings.

Matsika asserted he owned 30% of the conglomerate, a claim Chingwena disputed. The cousins, who grew up together, built the US$100 million empire before their fallout.

Matsika argued that his substantial contribution to the business entitled him to a 30% ownership, which Chingwena later denied, effectively removing Matsika from the companies without compensation.

Chingwena countered that Matsika’s legal claims were based on false information and a fraudulent shareholders’ agreement, contending that Matsika lacked the legal standing to bring the case to court.

Also read:

The courts sided with Chingwena, determining Matsika was not a shareholder and his application did not meet legal standards, thus dismissing it with costs.

Matsika’s subsequent appeal to the Supreme Court also failed after procedural issues were addressed. Matsika then sought a review of the Supreme Court’s decision, arguing it was made by a single judge. The court declined, stating the request was essentially an appeal in disguise.

Undeterred, Matsika applied to the ConCourt for permission to appeal to the highest court. However, the ConCourt, with judges Anne-Marie Gowora, Ben Hlatshwayo, and Bharat Patel presiding, ruled against him, stating Matsika had not demonstrated a strong chance of success on appeal.

The application was dismissed without a costs order.

This ruling concludes Matsika’s legal battle, leaving him feeling exploited by his cousin, while Chingwena maintains a different perspective.

Professor Lovemore Madhuku represented Matsika, while Advocate Thabani Mpofu represented Chingwena and his companies.

Related Topics:
Continue Reading

Sports News

Zimbabwe Cricket Announces New Coaching Staff for Senior Men’s National Team

Published

1 year ago

on

July 4, 2024

By

The selection of a new coaching staff for the Zimbabwe Senior Men’s National Team has been decided by Zimbabwe Cricket (ZC).

ZC said in a statement released on July 4, 2024, that the coaching assignments follow the Mhishi Committee of Inquiry’s recommendations.

The team’s failure to qualify for the recently finished ICC Men’s T20 World Cup prompted the committee to look into the matter and offer recommendations. It stated:

The remaining technical staff members have now been revealed, after the introduction of Justin Sammons as Head Coach and Dion Ebrahim as Batting Coach last month.

Also read: Armed Robbers Target AFM Pastor, Escape with $15,000 in Bulawayo Raid

Coach of bowling will be former South African international cricketer Charl Langeveldt. Coaches of strength and conditioning and strategic performance will be fellow countrymen Ravish Gobind and Curtly Diesel.

Sammons was consulted before scheduling any appointments, and he decided to keep Stuart Matsikenyeri on as the team’s Fielding Coach. Amato Machikicho will remain the team’s Physiotherapist.

Zimbabwe Cricket has not yet finalised the Team Manager’s position, nevertheless.

Continue Reading

Sports News

The Uhuru Cup Venue Worries The Highlanders Coach.

Published

2 years ago

on

April 17, 2024

By

HIGHLANDERS coach Kelvin Kaindu is feeling cautious about the venue as his side prepares for the Independence Cup match against rivals Dynamos at Murambinda B High School in Manicaland.

Kaindu told the media that he can only be sure of how he is going to approach the upcoming battle after assessing the pitch since it’s not a stadium.

ALSO READ : Stage set for Uhuru celebrations : Zimbabwe’s 44th Independence Day

“We are not sure of the environment or in terms of the pitch that we are going to play, so I think that will also determine the type of football we are going to play.

“The pitch does affect everything interms of the equipment, I mean the soccer boots that the players use, so there are a number of factors when playing at such venues.

“Looking at the photos that we saw they are working on the field but we are hoping to see it physically and strategisize,” he said.

Highlanders are the defending champions of the Uhuru Cup after beating Dynamos 5-3 on penalties in Mt Darwin last year.

Bosso comes into Thursday’s encounter with confidence over their rivals whom they 2-0 on the opening day of the ongoing league marathon, marking Kaindu’s first win against Dynamos in his coaching career in Zimbabwe.

Meanwhile, both Highlanders and Dynamos have arrived in Murambinda ahead of the the big game.

The two sides travelled to the venue on Tuesday.

Continue Reading

Sports News

PSL Summons CAPS United Over Match Disruption ,Disciplinary Proceedings Initiated”

Published

2 years ago

on

April 10, 2024

By

The Premier Soccer League (PSL) has summoned CAPS United to appear before the PSL Disciplinary Committee regarding three charges stemming from the crowd disturbance during their Castle Lager Premiership match against FC Platinum on Saturday.

The game was prematurely halted with only four minutes remaining in regulation time due to CAPS United supporters storming the field in protest over a disallowed goal by Ralph Kawondera for offside.

FC Platinum was leading 1-0 when the match was called off, courtesy of a goal by Juan Mutudza in the eighth minute.

According to a statement issued by the PSL Communications and Media Liaison Officer:

The Premier Soccer League has called upon CAPS United FC to address the PSL Disciplinary Committee following the premature termination of the Castle Lager PSL match between FC Platinum and Caps United FC, which took place at Mandava Stadium on Saturday, April 6, 2024.

ALSO READ : Kante turns to Magaya for Counselling

CAPS United FC faces charges for contravening the PSL Rules and Regulations. Pursuant to Order 31 of the PSL Rules and Regulations, the club’s misconduct is evident in the following instances:

31.1.13 its supporters misbehave in any manner whatsoever, inside or outside a ground before, during or after a match, no matter on which ground the match is played. Without derogating from the generality of what constitutes misbehaviours on the part of supporters, the following are specifically declared to be acts of misbehaviour:

31.1.13.1 Invasion or attempted invasion of the field of play, save for reasons of crowd safety;

31.1.13.2 Causing the abandonment or attempting to cause the abandonment of a match;

The disciplinary proceedings are scheduled to occur on Tuesday, April 23, 2024, at the PSL offices.

In 2022, Highlanders and Dynamos faced fines from the PSL Disciplinary Committee due to instances of violence and hooliganism during their league encounter at Barbourfields Stadium in May of the same year.

Dynamos FC, as the home team, received a fine of $7,500, while Highlanders FC was fined $5,000. Additionally, Highlanders was awarded a 3-0 victory in the match.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.