Zimbabwe’s first Billionaire Strive Masiyiwa has come out to say he doesn’t own Econet. Strive explained Econet is a public trading company with tens of thousands of shareholders.
Strive explained he is just the largest single shareholder. Strive also said many people struggled to separate institutions and corporate structures and only saw a person and he called that a “BigMan” idea.
Writing on his Facebook Strive said:
I have never personally held more than 50%, since (Econet) was listed. So I actually don’t own the company. I’m simply the largest single shareholder But) you will still find even media people saying of a public listed entity ‘the Strive Masiyiwa-owned business’.
And some will even ask me to intervene on things I have no idea about, and should not be expected to know. They never shook away the BigMan idea developed when they were young. Many of us simply struggle to see institutions and corporate structures, and only see a person.