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Peter Vundla Discusses Why He Left Pamodzi in This Excerpt from His Memoir Doing Time

Doing Time“Little did I know that I had entered into a world of intrigue, deceit, bad faith, abuse, poor governance and witchcraft,” Peter Vundla writes in his memoir, Doing Time.

In this excerpt, published by City Press, he explains how in 1997 he got involved in Pamodzi Investment Holdings, which planned to invest “in the catering, cleaning, security, tourism, information technology, healthcare, sports and entertainment, facilities management, and financial services industries”. Vundla became the chairman of the board and African Merchant Bank (AMB) became the anchor shareholder. He writes that he had little in common with the others in management and that he was often “called in to intervene in infighting, even on such silly matters as witchcraft”.

Vundla writes about the “abusive use” of his name, saying that big business wanted to do work with him, “not with the unknowns who hung on to my coat-tails”. In 2001 Vundla became nonexecutive deputy chairman at AMB and found himself having to act as a bridge-builder between Pamodzi and AMB as the relationship between the two “was fraught with mistrust and suspicion”. In 2003 Vundla resigned as chairman of Pamodzi.

Early in 1997, Solly Sithole and Ndaba Ntsele visited me at the HerdBuoys offices in Marlboro, I did not know both well, but had seen them around town in their trademark crew-neck shirts, gold chains around their necks and Rolex watches on their wrists.

They both exuded success. Solly was a former mealiemeal sales rep and Ndaba was a former traffic cop.

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