In January, Gumede was among the first business people to visit Zimbabwe following the ousting of Robert Mugabe by the military in November. He pledged he was ready to invest R15bn to help Mnangagwa’s government achieve its “short-term goals of turning around the economy”.
At the time, Gumede said he believed the good times were back for Zimbabwe, and that, as an investor, he couldn’t wait.
According to the Political Parties Finance Act, parties and candidates in Zimbabwe are barred from receiving donations from foreigners and face stiff penalties if they do so.
Mnangagwa’s spokesperson, George Charamba, denied that the campaign was funded by Gumede. “In our country, in terms of our own laws, foreign funding of political processes is illegal.”
Read the full story in the Sunday Times.