M&S Syndicate is a holdings company owned by Zimbabwe African National Union Patriotic Front (Zanu-PF) political party. It is one of the two main holding companies owned by the party, the other being ZIDCO. M&S Syndicate is said to have been chaired Emmerson Mnangagwa until the end of 1990.[1]

In 2006, it was reported that Zanu PF had formed shelf companies to warehouse its shares in a bid to evade the sanctions against the party[2] by the USA and European union.

ZIDCO Subsidiaries

  • Southern Africa Reinsurance (Sare)
  • NDH


  1. Dumisani Muleya, Zanu PF’s firms under spotlight, Zimbabwe Independent, Published:22 July 2005, Retrieved:12 Nov 2017
  2. Vincent Kahiya, Zanu PF busts embargo, Zimbabwe Independent, Published:31 March 2006, Retrieved:12 Nov 2017