Mismanagement of funds at ZESA the major contributor of load shedding …Audit

By Staff Reporter An audit report by Price WaterHouse Coopers has revealed that the currently incessant power cuts and unscheduled load shedding are a result of mismanagement of funds by ZESA and its subsidiaries. The audit revealed that besides other many ills, top managers were also splashing money on top of the range vehicles which they …

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Mismanagement of funds at ZESA the major contributor of load shedding …Audit

By Staff Reporter An audit report by Price WaterHouse Coopers has revealed that the currently incessant power cuts and unscheduled load shedding are a result of mismanagement of funds by ZESA and its subsidiaries. The audit revealed that besides other many ills, top managers were also splashing money on top of the range vehicles which they …

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ZESA Owed Over $1 bn, Gvt Arms,Local Authorities Fingered

The Zimbabwe Electricity Transmission and Distribution Company, (ZETDC), a subsidiary of ZESA Holdings is battling to recover over $1 billion in unpaid power utility bills it has emerged. The unpaid bills which are estimated at $1,2 billion are a result of defaulters mainly state-owned enterprises and local authorities. Addressing members of the media after the 21st …

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MPs demand electricity update

By Daniel Chigundu  Parliament says Energy and Power Development Minister Fortune Chasi must come back to the House and indicate to the legislators whether the country still has electricity or not, in light of the crippling load shedding which is also affecting production. Most Zimbabweans are enduring about 15 hours of load shedding on a …

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Parly wants ministerial statement on price increases

By Daniel Chigundu Deputy Speaker of Parliament Tsitsi Gezi says the National Assembly is going to call on the Minister of Industry and Commerce Mangaliso Ndlovu to give a ministerial statement on the price increases being experienced in the economy. Since the government dumped the 1:1 parity between the US Dollar and the Bond Note, …

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Govt is the biggest economic saboteur: Mliswa

By Daniel Chigundu  Norton legislator Temba Mliswa says the government must desist from blaming the private sector for the challenges being experienced in the economy when it is creating those challenges. Various cabinet ministers have accused the private sector of working with the country’s enemies in a bid to try and incite people to revolt …

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Govt is the biggest economic saboteur: Mliswa

By Daniel Chigundu  Norton legislator Temba Mliswa says the government must desist from blaming the private sector for the challenges being experienced in the economy when it is creating those challenges. Various cabinet ministers have accused the private sector of working with the country’s enemies in a bid to try and incite people to revolt …

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Mixed Reactions on EU/Zim political dialogue

By Tafadzwa Muranganwa On Wednesday, Zimbabwe and the European Union (EU) launched a formal dialogue process based on Article 8 of the Cotonou Partnership Agreement which governs relations between member states of the African-Caribbean-Pacific regions and the EU. The launch comes at a time the country is reeling from a worsening political and economic crisis …

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Austerity is meant for Govt only: Mthuli

By Daniel Chigundu  Finance Minister Mthuli Ncube says “Austerity for Prosperity” is targeted at government alone and does not extend to the private sector and individuals. Austerity for Prosperity is the theme for the 2019 National Budget presented by Minister Ncube and which has generally been criticised by some economists and politicians who believe it …

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Supplementary budget set for July

By Daniel Chigundu Ministry of Finance and Economic Development has told Parliament that it is going to present its supplementary budget for 2019 in July together with a budget review. In previous years treasury has been using more money than what would have been approved by Parliament through the Budget Bill a development which is …

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