Zim company could sue private newspapers
A Zimbabwean company was granted permission to sue two private dailies for misrepresentation.
ZIMBABWE - A Zimbabwean company was given the go-ahead to sue two private newspapers for publishing stories about political violence that the firm claims scared away foreign investors.
Critics said the case, if successful, could have a chilling effect on the private media, which may think twice about reporting on political violence.
Vakakora Capital is reported to be linked to a prominent Zanu-PF official.
A high court judge ruled that the company can sue NewsDay and the Daily News over articles on political violence published in May 2011.
Vakakora claims that a Namibian bank cancelled a $250 million loan after reading the articles, which it said were a misrepresentation of the situation in Zimbabwe.
Judge November Mtshiya said that the company had a valid claim and may sue for $50 million.
Media Monitoring Project's Andy Moyse said Vakakora will have to prove that the reports in the papers were not true.