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Top Private School Placed Under Corporate Rescue

4 months agoTue, 26 Nov 2024 05:35:23 GMT
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Top Private School Placed Under Corporate Rescue

Knowstics Academy has been placed under corporate rescue, with Budhama Chikamhi appointed corporate rescue practitioner, reported NewsDay.

Chikamhi’s appointment means he has replaced the school’s governing body in managing the institution.

A circular was issued on November 21, 2024, informing stakeholders about the corporate rescue. Said Chikamhi:

One of the measures which was taken by the previous governing body of the school was to scrap Form Two such that students doing Form One would skip Form Two and go straight into Form Three.

I wish to advise that effective from January 2025, the school will re-introduce the Form Two stream in line with the Primary and Secondary Education ministry requirements…

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The school used to offer commercial and arts subjects at Lower and Upper Six levels and these had been scrapped by the previous governing body.

Effective from January 2025, the school will be offering the subjects to provide students with appropriate choices in line with their career aspirations.

I have appointed a three-member technical committee which is chaired by Fredrick Hamadziripi, a renowned educationalist and current chairman of the Legal Undergraduate Programmes Department at the University of Zimbabwe.

Chikamhi plans to work with stakeholders, such as banks and parents, to ensure the school operates smoothly.

The corporate rescue plan includes suspending legal actions, like court orders and asset seizures, to give the school time to recover.

The initiative aims to help the school regain stability and prevent it from being shut down.

More: Pindula News

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15 Comments

Anonymous · 4 months ago
Some of the school fees was used to buy zebras lions giraffes at the amusement park
Anonymous · 4 months ago
Another looting avenue is being refreshed.........!
Tintin · 4 months ago
🤣🤣🤣 hitting the regime hard
ZimSketch · 4 months ago
let the school close down... the money used to start this school was development fund for the school in my rural area... the owner of that school was headmaster at........ high school from 1999 to 2006 and he was accused of stealing money which was meant for building a library, a laborotory, lab equipments and electricity connections to the school.... the money was donated by former students who were based in USA by that time...
Zvazvanga Zvingori · 4 months ago
Mukuwapasi i told back then handishandiri mahara,you owe Usd 683 fronm December 2016.Takavaka chikoro cheboys ukavhara vanhu mari,mombe 6 dzakarohwa nemheni,ukadzidisa vana vechikoro,hutsotsi hwako nemukadzi wako zvakuparira,chaiyo chaiyo hausati waiona
Ctrl Alt Del · 4 months ago
the school's emblem shows it all
Mp · 4 months ago
This school is part of Herbert chitepo school of fools
gog · 4 months ago
ngavatengese chikoro icho kune vane mari do so that they can run the skull properly kujamba form 2 ndochii ichocho
Bray Wyatt · 4 months ago
Such a school needs to be shutdown, it's obvious the school is only fleecing parents their monies..Chikamhi wants to like his pockets with easy money at the expense of childrens decent eeducation ..... Vabereki tozayi nevanhu venyu that school is rubbish....

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