ZIMASCO Secures Temporary Court Relief Against Wilson Manase’s Corporate Rescue Bid

HARARE – Zimbabwe’s High Court has granted ZIMASCO (Pvt) Ltd, a leading ferrochrome producer, an interim order preventing lawyer Wilson Manase from acting as the company’s corporate rescue practitioner.

Court Ruling Details

Justice Faith Mushure delivered the ruling following an urgent application by ZIMASCO management. The company expressed surprise at Manase’s attempts to assume the corporate rescue role based on a court order obtained against SINOSTEEL ZIMASCO (Pvt) Ltd – an entity ZIMASCO maintains is completely separate.

Financial Position and Creditor Claims

Internal sources at ZIMASCO confirmed:

• The company faces no financial distress
• Avim Investments (Pvt) Ltd is not a creditor
• Documents used in the Sinosteel case have no relevance to ZIMASCO

Legal Proceedings and Allegations

The temporary interdict precedes a return day hearing where ZIMASCO will seek:

1. A formal declaration that it is distinct from ZIMASCO SINOSTEEL (Pvt) Ltd
2. Rescission of the initial court order, citing lack of proper service

Judicial Complaint Filed

ZIMASCO recently escalated matters by filing a complaint with the Judicial Service Commission against Justice Joel Mambara, alleging:

• “Judicial impropriety” in granting a March 12, 2025 corporate rescue order
• Failure to serve applications as required by court rules
• Unusual speed in processing orders (granted within 3 hours)

In a letter from CEO John Musekiwa, ZIMASCO accused Justice Mambara of “active participation” in what they characterize as a fraudulent scheme by Avim Investments and its legal team to unlawfully seize company assets.

Next Steps in the Case

The legal battle continues as ZIMASCO challenges:

• Procedural irregularities in the case
• The validity of adding them as a party without proper citation
• The overall case allocation process

This report summarizes original content from Nehanda Radio. Read the full article for complete details.