Govt slashes salaries for parastatals bosses

Government has resolved as an interim measure that chief executive officers (CEOs) of state owned enterprises, parastatals and local authorities should receive a total pay package of not more than US$6000 per month while the lowest paid employee should not fall below the poverty datum line, which stands at about US$515, with immediate effect.

The Chairperson of the Cabinet Committee on State Enterprises and Parastatals Development, Cde Patrick Chinamasa announced the interim total pay packages for CEOs at a press conference in Harare on Tuesday.