Companies

New investor pours cash into David Whitehead, pays off 400 workers

Story Highlights
  • The 400 workers former employees have been paid their dues and the rest of the employees will be paid after the holidays .

By Dexter Nduna, Chegutu West MP (Zanu-PF)

A new investor owner of Parogate and now owner of AVC Mr. PK who has been running cotton and oil business here in Zimbabwe for a long long time is taking over David Whitehead on the 10th of January 2020.

The 400 workers former employees have been paid their dues and the rest of the employees will be paid after the holidays .

The company will then cease to be on judiciary management and the global textiles players will start capacitating the company with machinery in February 2020

Former workers will have first option of bringing their qualified children for employment because the former employees have either died or are now old and technology has since moved on.

David Whitehead Textiles is set for a huge resurgence

I have spoken to the new investor and he promises to engage our grower farmers and make sure he uses his global links to beneficiate and value add their cotton and they get paid for the garment produced by the cotton opposed to getting paid for sale of raw material. Because of this development I have asked for the establishment of a SPECIAL ECONOMIC ZONE in chegutu so that we can guarantee 100% capital and profit repatriation if the need arise.

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We envisage that over the current 500 jobs that have been created at AVC by this investor a lot more will be created in the first quarter of 2020.

Cotton lint and seed from 12000 out growers in checheche is currently being processed at AVC in chegutu and 3000000 litres of crude oil is produced monthly in chegutu currently and refined in Harare under the brand ZIMGOLD. We have had a fruitful year and looking forward to spending 2020 amd the future for DWT.

Dexter Nduna

This is my response to your questions relating to David Whitehead.

Source
Dexter Nduna, Facebook page
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