News / National
Zesa spends $155.4 million on 7000 workers
21 Nov 2016 at 15:58hrs | Views
The Chief Executive Officer (CEO) of ZESA Holdings, Josh Chifamba, told parliament on Monday that the power supply firm will spend $155.4 million on salaries this year.
Chifamba said Zesa has a current workforce of 7000 across its four subsidiaries.
He said the figure is a slight drop from $161.4 million last year.
By end of September $112.8 million had been channelled to salaries.
According to Chifamba the power utility firm recorded $140 million loss in the first nine months to September.
"We are actually haemorrhaging as it is. We are selling power at below cost.
"The utility has not been awarded a tariff increase since 2011 and there has been no financial provision for the temporary emergency power plant and this has negatively affected the financial position of the utility".
Chifamba said Zesa has a current workforce of 7000 across its four subsidiaries.
He said the figure is a slight drop from $161.4 million last year.
By end of September $112.8 million had been channelled to salaries.
According to Chifamba the power utility firm recorded $140 million loss in the first nine months to September.
"We are actually haemorrhaging as it is. We are selling power at below cost.
"The utility has not been awarded a tariff increase since 2011 and there has been no financial provision for the temporary emergency power plant and this has negatively affected the financial position of the utility".
Source - Byo24News
