Joseph Busha

School / Education

Tertiary: BSc, Mathematics, [University of Zimbabwe].
BSc. Hons, Applied Mathematics, WITS.
MSc, Derivatives, WITS.
MPhil, Ind. Mathematics, Warwick.

Service/Career

Busha has twenty-three (23) years of experience in the insurance and financial services industry beginning in 1990. It covering product research, design and development; investment research and management; treasury operations and trading.

1994 to 2000, worked for HSBC Securities (SA), Standard & Corporate Merchant Bank (SCMB) and NEDCOR as a Financial Engineer / Quantitative Analyst/Strategist specializing in the construction and trading of derivative strategies, arbitrage trading, equities and interest rate financial modeling, yield curve modeling, quantitative investment research, marketing, investment banking and implementation of market risk management systems.
He is a Director and Chairman of Education Committee of Association for Corporate Treasurers of Southern Africa (ACTSA), a member of Institute of Directors in Southern Africa (IoDSA) and former head of ABSIP Internship Program. Joseph is a Fellow of the ninth class of the Africa Leadership Initiative-South Africa and a member of the Aspen Global Leadership Network.

Events

JM Busha 54 Races National Peace Pledge Marathon

The JM Busha was reported, in 2017, to be a non-profit organisation involved in social investment programmes aimed at promoting sport, education, peace, stability, harmony and unity among people and nations. Busha launched the JM Busha 54 Races National Peace Pledge Maranthon with hope to capitalise on athletics’ mass appeal on the continent to promote peace and unity through sports. He highlighted on the launch

This is about engagement, public participation and taking ownership of peace and saying, ‘I’m for peace’, that is the message we are taking,” “The May 25 2017 race in Harare is our first edition really, while in South Africa they will have one on May 27 since they don’t recognise Africa Day. However, by next year we hope all the 54 African countries will run the JM Busha 54 Races marathons on Africa Day and speak the same language of peace and unity,” he added.

“The winners from those countries will come to Zimbabwe and compete in the July 1 [the Elite JM Busha 54 Races marathon] which we hope will form part of their preparations for

the world’s top races, such as the New York, Boston, London and Berlin Marathons.”^[1]

Mujibha

Busha's first experience in politics was in Zanu PF as a mujibha (war collaborator) during the liberation struggle. He left Zanu PF in 1986. ^[2]

2018 Elections

He was among the 23 presidential contestants in the elections held on 30 July 2018. He garnered 17 540 votes, which was 0.37% of the total votes cast. ^[3]

RTGS Challenge

In June 2019, Busha filed an application at the High Court challenging the introduction of the real-time gross settlement (RTGS) dollar.^[4]

He argued that the presidential powers used to effect the currency reforms were unconstitutional. Busha was seeking the court to outlaw Statutory Instrument 33 of 2019 which was used to introduce the currency claiming that it was inconsistent with the constitution. He also argued converting people’s bank balances from United States dollars to electronic currency was unlawful.

In June 2022, the President deposed an affidavit through Venerandah Munyoro, a law officer in the Civil Division of the Attorney General arguing that he was never wrong in introducing the RTGS.

Protection Order, August 2019

In August 2019, it was reported that the magistrates’ court for the district of Johannesburg in South Africa issued a protection order against Makamba at the instigation of his wife, Nomakwhezi Busha.^[5]
The court reportedly ordered Busha not to commit four types of abuses.

Respondent is ordered not to physically and emotionally abuse the complainant, not to intimidate the complainant and not to economically abuse the complainant,” read the order.

Busha then sued NewZimbabwe.com reporter, Alois Vinga for $1 million at the High Court for defamation.^[6] He said:

The said words are in their entirety false, wrongful and defamatory per se of and concerning Plaintiff, were meant to imply, did imply and were construed and understood by the ordinary reader to imply that Plaintiff is a convicted criminal and a domestic offender.

Nomination Fees

In June 2023, Busha said the US$20 000 nomination fee set by the Zimbabwe Electoral Commission for presidential candidates was too little. ^[7]

He called on ZEC to increase the nomination fee to US$50 000 "so that serious people contest the presidential elections."

Nomination Court June 2023

The nomination court on 21 June 2023 produced eleven presidential candidates for the August elections.^[8] They are:

• Joseph Busha (Free Zim Congress),
• Nelson Chamisa (CCC),
• Trust Chikohora (ZCPD),
• Blessing Kasiyamhuru (ZIPP),
• Saviour Kasukuwere (Independent),
• Lovemore Madhuku (NCA),
• Emmerson Mnangagwa (ZANU PF),
• Wilbert Mubaiwa (NPC),
• Gwinyai Henry Muzorewa (UANC),
• Douglas Mwonzora (MDC),
• Harry Peter Wilson (DOP).

Elisabeth Valerio Duly Nominated

On 16 August 2023, ZEC chief elections officer, Utloile Silaigwana said: following an order of the Electoral Court sitting in Harare, issued on 19 July 2023, Ms. Elisabeth Isabel Valerio, a candidate sponsored by the United Zimbabwe Alliance (UZA) party, is hereby declared a duly nominated Presidential candidate. The other aspiring presidential candidates, Saviour Kasukuwere and Linda Masarira’s appeals were rejected by the courts. Her nomination papers were rejected despite providing bank-stamped proof of her request to initiate a ZWL transfer of funds to the ZEC bank account for the required nomination fees equivalent to US$20 000. The other candidates are Emmerson Mnangagwa of Zanu PF, Joseph Makamba Busha of Free Zim Congress, Nelson Chamisa of CCC, Trust Chikohora of ZCPD, Blessing Kasiyamhuru of ZIPP, Lovemore Madhuku of NCA, Wilbert Mubaiwa of NPC, Gwinyai Henry Muzorewa of UANC, Douglas Mwonzora of MDC and Wilson Harry Peter of DOP. ^[9]

Results

Total votes: 4 440 449

References