NewsHawks’ Attack on Finance PS Guvamatanga: A Case of Misleading Reporting

by | Sep 11, 2024 | Uncategorized | 0 comments

By Nevanji Munyaradzi Chiondegwa

A recent article published by NewsHawks targeting George T. Guvamatanga, Permanent Secretary for Finance and Economic Affairs, has drawn significant criticism for its sensationalized claims and lack of journalistic rigour. The article, which focuses on Mr. Guvamatanga’s ownership of twelve properties, attempts to paint a picture of corruption and ill-gotten wealth. However, a closer examination reveals a narrative riddled with inaccuracies and misleading information.

The article’s primary point of contention revolves around the number of properties owned by Mr. Guvamatanga, implying that their acquisition is inherently suspicious.  Crucially, the article fails to mention the timeline of these purchases. Sources close to Mr. Guvamatanga confirm that all properties were acquired **before** he assumed his current government position. This fact, easily verifiable with basic research, casts serious doubt on the article’s insinuation of impropriety. Additionally, the article makes misleading claims about the ownership of the properties, while the actual ownership details are publicly available.

Furthermore, the article conveniently ignores Mr. Guvamatanga’s extensive and successful career in the banking sector. As the former CEO of Barclays Bank Zimbabwe, Mr. Guvamatanga held a position that came with significant financial rewards. His exit package, as is standard practice for executives of his stature, would have included a substantial sum. To suggest that an individual with his financial background cannot afford property, particularly in a country like South Africa where real estate is comparatively more affordable for foreign buyers with US dollars, is not only disingenuous but borders on absurd.

While the article attempts to sensationalize the rand value of the properties, equating it to approximately $1.7 million USD, it neglects to acknowledge that this amount represents the culmination of years of earnings and investments made during Mr. Guvamatanga’s time at Barclays Bank. This deliberate omission of context aims to mislead the public into believing that his wealth was acquired illicitly.

It is important to highlight that upon assuming his position at the Ministry of Finance and Economic Affairs, Mr. Guvamatanga duly declared all his assets. This act of transparency further undermines the article’s narrative of hidden wealth and corruption.

The NewsHawks’ attempt to portray Mr. Guvamatanga as corrupt is not only irresponsible but also a disservice to the principles of ethical journalism.  Instead of engaging in baseless accusations, the publication should strive for factual accuracy, balanced reporting, and a fair assessment of an individual’s professional standing and personal conduct.

The public deserves journalism that is grounded in truth and committed to providing a complete picture, not sensationalized narratives designed to mislead and generate unfounded suspicion.  NewsHawks’ article on Mr. Guvamatanga falls short of these standards, raising serious concerns about its commitment to journalistic integrity.