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‘Stiffer penalties for corrupt execs’

HARARE – Zimbabwe’s capital markets regulator has called on government to amend the Companies Act and make provisions for stiffer penalties on corrupt and fraudulent executives. Willia Bonyongwe, the Securities Commission of Zimbabwe (SecZim) chairperson, said the country’s legislative system is ineffective in dealing with fraud and corruption by business people. “Legislators should take a…

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