Bulawayo24 News - Skyes! "it makes perfect sense"

Mnangagwa says parastatals should consider receiving payments in Zimdollars

GOVERNMENT has warned departments and parastatals accused of charging for services exclusively in foreign currency, saying they are acting outside the law.Speaking in Parliament during a question and answer session, Finance deputy minister…

Published: 09 Mar 2024 at 11:13hrs | | by Staff reporter

Parastatal bosses' wings must be clipped

RECENTLY Harare City Council reported that it is losing a lot of money in double salary payments â€” paying senior employees who are on suspension while at the same time paying those acting in their positions.This does not surprise people …

Published: 27 Jun 2023 at 06:59hrs | 1 | by Martin Stobart

Contractor shifts gear up to complete civil servants' flats

FACED with financial challenges, some contractors halt or abandon projects in a huff, but Pevimag Contractors, has broken that tradition by getting a $45 million loan from a local bank to make sure that flats for civil servants being const…

Published: 16 Aug 2022 at 06:37hrs | 2 | by Staff reporter

New parastatals on cards, restructuring continues

GOVERNMENT will continue to restructure and partially privatise parastatals including establishing new ones in order to buttress the ongoing economic transformation drive in line with Vision 2030.Finance and Economic Development Minister, …

Published: 16 Aug 2022 at 06:37hrs | 1 | by Staff reporter

Chiwenga says parastatal failure unacceptable

Government is forging ahead with its parastatal reform agenda which is aimed at bringing the ailing entities back to profitability and has recorded early successes despite Covid-19 drawbacks, Vice President Constantino Chiwenga has said.He…

Published: 06 May 2021 at 19:43hrs | | by Staff reporter

Air Zimbabwe sued over debt

SAFEGUARD Security Services (Pvt) Ltd, has petitioned the High Court seeking an order to compel Air Zimbabwe to settle a $47 164 debt for security services rendered at the Robert Gabriel Mugabe International Airport since last year.Through…

Published: 15 Sep 2018 at 09:05hrs | 2 | by Staff Reporter

Government restructures Zesa

GOVERNMENT will not appoint new boards for Zesa subsidiaries after the expiry of their terms today (June 11, 2018) in line with reforms taking place in State-owned enterprises and parastatals, a Cabinet Minister has said.The parastatal ref…

Published: 11 Jun 2018 at 06:59hrs | 1 | by Staff Reporter

CSC recapitalisation deal almost done

THE Cold Storage Company (CSC) recapitalisation deal is expected to be finalised early next month, Lands, Agriculture and Rural Resettlement deputy minister, Davis Marapira has said.Marapira told NewsDay that the recapitalisation deal, whi…

Published: 17 May 2018 at 07:01hrs | 1 | by Staff Reporter

New pay structure for parastatal bosses

THE Office of the President and Cabinet has drafted a new pay structure that sets benchmarks on salaries earned by chief executive officers of parastatals and State enterprises.Figures of the new salaries will be made public once the propo…

Published: 28 Aug 2017 at 06:45hrs | 1 | by Staff reporter

Ministers endorse corruption at Hwange Colliery Company

The Hwange Colliery leadership proposed scheme of arrangement of creditors has the apparent support of the ministry of mines and finance. This is viewed as a panacea to resolving the insolvency of the company. The support is evidenced by t…

Published: 22 Apr 2017 at 17:52hrs | 1 | by Reginald Shoko

Mugabe urged to listen to cries of citizens

President Robert Mugabe led Government has been urged to listen to the growing cries of suffering Zimbabweans.In a statement, church leaders said citizens are increasingly fed up with rampant corruption amid widespread poverty."We call upo…

Published: 19 Jul 2016 at 12:57hrs | 1 | by Thobekile Zhou

Resign, MPs tell grumbling Parastatal bosses

Legislators have dared any public sector boss unhappy with the recently announced salary caps to resign, saying Zimbabwe has enough willing qualified people to fill the posts.Government this week said no executive in a State-linked institu…

Published: 22 Mar 2014 at 07:41hrs | 1 | by Hebert Zharare

Govt to cut salaries of senior parastatal and council executives

The Cabinet Committee on State Enterprises and Local Authorities has resolved that the outrageous salaries of senior parastatal and council executives be adjusted to align them with productivity.The new salary framework will be presented t…

Published: 16 Mar 2014 at 06:32hrs | | by Tinashe Farawo

Zim govt slashes salaries of parastatal bosses

Government has slashed the salaries of parastatal bosses amid concerns that some of them were being overpaid despite under-performing. The move also comes when the Ministry of Parastatals and State Enterprises is investigating se…

Published: 29 Sep 2012 at 23:16hrs | 2 | by Staff Reporter

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