Companies, parastatals default paying tax: Zimra boss

Zimbabwe Revenue Authority (Zimra) Commissioner-General Faith Mazani on Tuesday told Parliament that companies and parastatals were not paying taxes resulting in a huge tax debt.Mazani appeared before...

By Staff reporter | Published: 10 October 2019


Govt, parastatals owe TelOne $93m in unpaid bills

Telone trimmed its debtors' book by 7% from $162 million in 2017 to $151 million in 2018, but is still struggling to recover debts owed by government departments and parastatals totalling $93 million ...

By Staff reporter | Published: 03 July 2019


Zesa re-bundling part of parastatals reforms, says Chiwenga

THE re-bundling of Zesa and merger of its five previously separate entities into a single integrated company will cut overhead costs and boost power generation efficiency, Vice President Constantino C...

By Staff reporter | Published: 25 April 2019


Parastatals debt balloons

PARASTATALS owe the Zimbabwe Revenue Authority (Zimra) over $491 million in unpaid taxes amid warnings that the struggling state-owned enterprises are crowding out funding for social services such as ...

By Staff reporter | Published: 22 July 2018


New board of directors for mining parastatals

Government says it will soon announce a new board of directors for mining parastatals and has committed itself to ensure that Zimbabwe Mining Development Corporation (ZMDC) assets are utilised for the...

By Staff reporter | Published: 19 May 2018


New law shakes up parastatals

President Emmerson Mnangagwa has placed limits on the terms of office of chief executives and board members of State enterprises and Parastatals (SEPs), while also binding them to performance contract...

By Staff reporter | Published: 13 May 2018


Chiwenga threatens non-performing parastatals

Vice President General Constantino Chiwenga (Retired) yesterday said it was time non-performing State Enterprises and Parastatals (SEPs) were shut down if efforts to revive them have failed.Presenting...

By Staff reporter | Published: 10 May 2018


Zim to sell shares in parastatals as part of reforms

Zimbabwe is looking to sell shares in 35 state-owned firms, including telecoms and mining entities in the latest step to revive the economy under new political leadership, Finance Minister Patrick Chi...

By Reuters | Published: 13 April 2018


Parastatals refuse to avail staff complement

The Labour and Social Welfare ministry is facing resistance from government's 90 parastatals to avail the exact number of people they employ. Speaking at a workshop on strategies for employment promot...

By Staff reporter | Published: 06 April 2018


Parastatals reduced to Zanu-PF soup kitchens

The acting general manager (GM) at the Minerals Marketing Corporation of Zimbabwe (MMCZ) revealed on Monday that the parastatal was pressured to dish out money to the ruling party, in what constitutes...

By Staff reporter | Published: 14 March 2018


Mnangagwa escalates parastatals reform

PRESIDENT Emmerson Mnangagwa has set in motion a process to make sure State-owned enterprises are managed by people with the requisite skills and knowledge, it has emerged.Mnangagwa has, since taking ...

By Staff reporter | Published: 13 March 2018


Govt orders salary freeze in parastatals

Government has imposed a salary and benefits freeze for management at State Enterprises and Parastatals amid plans to have the salaries reflect their performance. There are suggestions that the obtain...

By Staff reporter | Published: 19 January 2018


Qualified personnel should run Zim parastatals

GOVERNMENT should deploy skilled personnel to run public enterprises and hold management to account instead of continuously pumping money where there are no returns.Speaking during the 2018 National B...

By Staff reporter | Published: 13 December 2017


Zimbabwe parastatals face privatisation

PRESIDENT Emmerson Mnangagwa will privatise most of the 114 loss-making parastatals which have bled the fiscus amid plans to ease pressure on the Treasury as well as introduce reforms that will result...

By Staff reporter | Published: 02 December 2017


Parastatal revival keynote for production boost

THE coming in of a new Government led by President Emmerson Mnangagwa has kindled hope for economic recovery in Zimbabwe after years of stagnation.The demise of key economic players, mainly public en...

By Staff reporter | Published: 01 December 2017


97 parastatals pay govt measly dividend of $1.7m

Shocking revelations were made this week before Parliament by State Enterprises Restructuring Agency (SERA) executive director Edgar Nyoni that only two State enterprises and parastatals (SEPs) paid d...

By Staff reporter | Published: 15 September 2017


30 under-performing parastatals resist audit

At least 30 parastatals and State enterprises were not audited last year for various reasons which will be revealed by Accountant-General Mr Daniel Muchemwa when he tables a comprehensive report befor...

By Staff reporter | Published: 14 September 2017


Parastatals need complete overhaul

IN response to Mugabe to blame for parastatal mess: ZCTU: Your report that the Zimbabwe Congress of Trade Unions (ZCTU) blames President Robert Mugabe for the collapse of State-owned companies is spot...

By Staff reporter | Published: 12 September 2017


Mugabe advocates closure of non-performing parastatals

President Mugabe yesterday said non-performing parastatals and State enterprises must be dissolved as they are stifling economic growth through perennial dependence on the fiscus.He said some ailing p...

By Staff reporter | Published: 08 September 2017


Mugabe bemoans under-performance of parastatals

The President Robert Mugabe has expressed deep concern over the continued underperformance of state enterprises and the parastatal sector whose current contribution to the national gross domestic prod...

By Staff reporter | Published: 07 September 2017


New pay structure for parastatal bosses noble

I would like to applaud Government, through the Office of the President and Cabinet (OPC) for its efforts in setting new payment structure for parastatal and State enterprise bosses.The move, which is...

By Peacemaker Zano | Published: 28 August 2017


Govt urged to dump ailing parastatals

The government must stop bailing out ailing parastatals and instead channel resources towards small to medium enterprises (SMEs), a lobby group has said.SMEs Association of Zimbabwe chairman, Farai Mu...

By Staff reporter | Published: 30 July 2017


'Zim parastatals unaudited for 10 years'

DEPUTY Chief Secretary to the President and Cabinet Ray Ndhlukula says some State enterprises have not produced audited financial results for the past 10 years and were contributing far less to the ec...

By Staff reporter | Published: 28 July 2017


Bill to curb corruption at Zim parastatals

A BILL that will curb corruption at State enterprises and parastatals (SEPs) and hefty salaries of chief executive officers is now before Parliament.Clerk of Parliament Kennedy Chokuda on Monday invit...

By Staff reporter | Published: 26 July 2017


Performance contracts for parastatals boards

The government is moving to introduce performance contracts for all parastatal board members, amid indications that failure to sign the contracts inside two months of appointment will be punishable by...

By Staff reporter | Published: 25 July 2017

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