While many people in and out of Zimbabwe are desperately trying to do good to get the country back on democratic track, it appears that Old Mutual has other interests – investment interests. The insurance company is the second largest shareholder in Zimbabwe Newspapers Ltd. which publishes The Herald, one of the Zanu-PF mouthpieces. And so Old Mutual, Zimbabwe, is guilty of directly supporting the Mugabe regime.
Yesterday, OM defended its interest in a statement: “Our investments are made for the benefit of our policyholders, meant to meet needs and expectations in terms of return and not contingent upon political consideration. Disinvestment from major assets would ultimately have adverse consequences for our policyholders.”
Passop, a refugee rights organisation in Cape Town, made a call for Old Mutual to disinvest from Zimbabwe Newspapers. The organisation said the Herald and its sister papers were among the ruling Zanu-PF’s most vital tools “for retaining its place as one of the most infamously corrupt and brutal governments of the last decade”.

Passop has started a petition – Stop Old Mutuals Support for Mugabe’s Propaganda Machine. Go sign it.

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