Zimbabwe: Kanyekanye Kicked Out Of RTG & Capital Bank
The controversial Chairman of both Capital Bank and the Rainbow Tourism Group, Mr Joseph Kanyekanye has been forced out of both entities.
This comes after ZimEye exposed massive looting at the Capital Bank where he was chairman. The bank is no longer capable of delivering and is now out of service. See: Workers Stranded as Indigenous “Capital Bank” Collapses
A resolution by the National Social Security Authority (NSSA) which holds 87% shareholding in Capital Bank and over 50% directly and indirectly in RTG has since been passed to appoint independent chairpersons.
Kanyekanye was in April suspended following a reported uniform scam of $20,000 and also accused of forcing the recruitment of an unqualified employee. He was cleared of all allegations.
He currently sits on close to 9 boards in both private and State enterprises which include NSSA and the Confederation of Zimbabwe Industries.
“I am trying to whittle down to five. I am no longer a young Turk as it may,” Kanyekanye said following his announcement to quit.