BUSINESS NEWS

Mangoma nailed over Zesa tender scam

PROCUREMENT and Regulatory Authority of Zimbabwe (Praz) chief executive Nyasha Chizu yesterday said former Energy minister Elton Mangoma violated the Procurement Act by giving a South Korean company a...

By Staff reporter | Published: 12 July 2019

INDUSTRIALS & ENERGY

Power blackouts shatter Bulawayo firms

POWER outages are wrecking Bulawayo's businesses, amid fears that the debilitating electricity cuts may force the closure of some firms, captains of commerce and industry have warned.This comes as Zim...

By Staff reporter | Published: 11 July 2019

INDUSTRIALS & ENERGY

Zesa throws RBZ under the bus

ZIMBABWE'S power utility, Zesa Holdings says the Reserve Bank of Zimbabwe (RBZ) has not provided with foreign currency to import power since last October.This comes as the southern African country is ...

By Staff reporter | Published: 10 July 2019

INDUSTRIALS & ENERGY

RioZim, Zesa to ink power deal

RIOZIM says its US$1,5 billion investment into building a 2 800 megawatts thermal power station in Sengwa, Gokwe North, remains firmly on course with the company now moving to the next phase of prelim...

By Staff reporter | Published: 10 July 2019

BUSINESS NEWS

Zesa complicit in cable thefts: Residents

Zesa spokesperson Fullard Gwasira said vandalism of Zesa property was becoming more rampant, particularly in Bulawayo and blamed this on the economy and unemployed technicians."Zesa property is vandal...

By Staff reporter | Published: 04 July 2019

BUSINESS NEWS

Zesa to disconnect defaulting bigwigs

AS power shortages escalate with devastating effects on both domestic and industrial use, power utility Zesa Holdings (Zesa) has threatened to cut supplies to defaulting users including political heav...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Chasi posts R139 million proof of payment to Eskom on Twitter

Zimbabwe's energy minister Fortune Chasi was on Tuesday forced to put the proof of the country's US$10m (R139m) payment to Eskom on his twitter account, after earlier claims of having paid was refuted...

By Staff reporter | Published: 02 July 2019

INDUSTRIALS & ENERGY

Massive Zesa disconnections loom

POWER utility Zesa could soon embark on massive disconnections in an effort to recover over $1,2 billion owed to it by defaulting customers, most of whom are Cabinet ministers and top civil servants.E...

By Staff reporter | Published: 02 July 2019

INDUSTRIALS & ENERGY

Zesa insolvent

THE Zimbabwe Electricity Supply Authority (Zesa) is insolvent with its liabilities outstripping its assets by over US$92 million, a report by the Auditor General Mrs Mildred Chiri reveals. The report ...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Load shedding to intensify - ZESA

Power utility, Zesa Holdings, has announced that it will implement load shedding outside the official schedule following a breakdown at Hwange Power Station. "Due to a technical fault at Hwange Power ...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

Mangoma, Zesa bosses deny fraud charges

Former Energy minister Elton Mangoma on Thursday said charges that he unprocedurally awarded a $3 million contract to a South Korean firm have been fabricated, based on falsehoods and designed to hara...

By Staff reporter | Published: 29 April 2019

POLITICS

Mangoma, Zesa bosses seek removal from remand

Former Energy minister Elton Mangoma and two Zesa Holdings' bosses, who are facing $3 million criminal abuse of office charges, yesterday filed a notice to apply for removal from remand if their trial...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

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

BUSINESS NEWS

Zesa to install cameras on transformers

Zimbabwe Electricity Supply Authority subsidiary ZESA Enterprises (ZENT) plans to install cameras on transformers to curb theft and vandalism, a top official has said. Recently, the company announced ...

By Staff reporter | Published: 24 April 2019

INDUSTRIALS & ENERGY

Zesa engages BCC over power station

State power utility Zesa Holdings says it will engage Bulawayo City Council (BCC) and other stakeholders to resolve the ownership wrangle over Bulawayo Power Station, which BCC claims to own. This com...

By Staff reporter | Published: 31 January 2019

BUSINESS NEWS

Massive power outage hits southern Zimbabwe

A MASSIVE power outage lasting more than 50 hours hit southern Zimbabwe at the weekend after poorly maintained pylons near Chiredzi succumbed to heavy storms, cutting electricity trunk lines in the so...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

$100m Zesa tender scam raises stink

IRREGULAR tender procedures coupled with a lax accounting system, among other factors, have delayed the completion of the US$100,4 million prepayment and smart metering project the power utility, Zesa...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Zesa, TelOne thieves jailed 10 years each

Five Harare men were on Wednesday jailed to 10 years each for stealing Zesa and telecommunication cables in the city.Tawanda Mutekedzi (28), Paul Chisano (22), George Chimbutira (27), Stanley Muvirimi...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Zesa under fire over EcoCash purchases

THE Zimbabwe Electricity Supply Authority (Zesa) has increased its minimum EcoCash prepaid electricity token to $10 from $2, much to the chagrin of customers who say the hike caught them by surprise. ...

By Staff reporter | Published: 10 September 2018

BUSINESS NEWS

ZETDC must upgrade systems

The Consumer Council of Zimbabwe (CCZ) has called for a speedy system upgrade by the Zimbabwe Electricity Distribution Company (ZETDC) to enable smooth flow of transactions for electricity tokens that...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

ZETDC to roll out $45m smart meter project

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) is set to roll out a $45 million smart meter project that will enable medium and large power users to manage their consumption, a...

By Staff reporter | Published: 22 July 2018

BUSINESS NEWS

100k still to switch to Zesa prepaid meters

THE Zimbabwe Electricity Transformation and Distribution (ZETDC) yesterday said 100 000 of its customers were still to migrate to the smart prepaid metering system aimed at optimising electricity mana...

By Staff reporter | Published: 20 July 2018

POLITICS

Govt pressures Zesa to pay Chivayo $52m

PRESIDENT Emmerson Mnangagwa's administration - in many ways carrying over from where toppled former president Robert Mugabe's regime left - has given the green light for Wicknell Chivayo to access a ...

By Staff reporter | Published: 20 July 2018

BUSINESS NEWS

Zesa unit in fraud storm

ZIMBABWE Power Company (ZPC) has flown into the eye of a storm amid revelations a senior executive of the State- owned power utility allegedly awarded a multi-million dollar contract without going to ...

By Staff reporter | Published: 19 July 2018

INDUSTRIALS & ENERGY

Zesa acquitted of violating salary agreement

A High Court judge has acquitted Zesa Holdings on charges of violating a 2012 agreement to adjust the salaries of its employees in a move which could result in the power utility company saving over $1...

By Staff reporter | Published: 13 July 2018
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