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Job losses plague Zimbabwe's retail, mining sectors

Zimbabwe is facing a deepening employment crisis, with thousands of workers losing their jobs across the retail and mining sectors, as worsening power shortages, policy inconsistencies, and a sluggish global commodities market continue to …

Published: 20 Jun 2025 at 17:31hrs | 10 | by Staff reporter

Zimbabwe ministers, top officials loot broke parastatals

Senior government officials, including cabinet ministers, permanent secretaries, and directors, are siphoning millions of dollars from state-owned enterprises to finance extravagant lifestyles, in a growing corruption scandal that is drain…

Published: 20 Jun 2025 at 17:28hrs | 166 | by Staff reporter

Zanu-PF loses plot on parastatals

Zanu-PF never ceases to amaze to a point that many of us end up wondering whether it really understands what it means or entails to be a ruling party. At every turn it increasingly makes it super difficult for sceptics or even believers to…

Published: 25 Oct 2022 at 06:07hrs | | by Staff reporter

The importance of parastatals

WHEN State-managed institutions work well they are often not recognised or rewarded and are taken for granted. When they fail, everyone suffers the consequences.At independence in 1980, 40% of Zimbabwe's GDP was created by publicly-owned a…

Published: 27 Sep 2022 at 05:53hrs | 8 | by Eddie Cross

Revisiting the power situation

The Zimbabwe Electricity Supply Authority (ZESA) started receiving electricity imports totaling 400MW from Eskom of South Africa on the 9th of August 2019.  The imports came as a relief to the Zimbabwean economy after nearly 4 months …

Published: 26 Aug 2019 at 08:53hrs | | by Victor Bhoroma

Cabinet approves parastatal reforms

CABINET yesterday approved a litany of measures meant to strengthen under-performing parastatals such as Air Zimbabwe, the Grain Marketing Board and Zesa Holdings.Addressing journalists soon after the Cabinet meeting, Information minister …

Published: 06 Feb 2019 at 08:17hrs | | by Staff reporter

Former parastatal bosses face criminal abuse charges trial

FORMER bosses of Zimbabwe Revenue Authority (Zimra), National Social Security Authority (NSSA) and City of Harare, who are separately accused of criminal abuse of office, were yesterday given trial dates by the court.Former Zimra Commissio…

Published: 12 Jan 2019 at 17:22hrs | 18 | by Staff reporter

Mnangagwa's govt unveils parastatal reform strategy

Government has rolled out detailed plans for the restructuring of State-owned Enterprises (SOEs), with 41 entities lined-up for privatisation, departmentalisation and listing on the Zimbabwe Stock Exchange. Other firms would be commerciali…

Published: 13 Nov 2018 at 05:42hrs | | by Staff reporter

Privatisation deadline for parastatals

Government has given under-performing State-owned enterprises (SOEs) and parastatals it has earmarked for disposal - among them NetOne, TelOne and People's Own Savings Bank (POSB) - between six and nine months to conclude privatisation dea…

Published: 09 Oct 2018 at 06:40hrs | 454 | by Staff reporter

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 waiting for Cabinet approval will ensu…

Published: 28 Aug 2017 at 16:35hrs | 437 | by Peacemaker Zano

Gross incompetence and corruption on parastatals deadly to the economy

It is quite sad to note that the Auditor General, Mildred Chiri, has for quite a long period of time exposed the gross mismanagement of funds taking place in the most parastatals and local authorities in our country but with no any tangibl…

Published: 20 Jul 2017 at 16:25hrs | | by Blessing Machiva

'15 Zimbabwe parastatals face collapse'

The Auditor-General Midred Chiri (pictured)has warned about the ability of 15 State-owned enterprises to continue as a going concern.In her State Enterprises and Parastatals Report of 2016, the government auditor named Zesa Holdings (Zesa)…

Published: 27 Jun 2017 at 12:25hrs | 13 | by Staff reporter

Zimbabwe's parastatal rot - when looting becomes second nature

Ever wondered why the Zimbabwe Government and its ministers find parastatals attractive despite them costing the taxpayer billions of dollars? Our previous article asked questions on the wisdom of the government taking over Telecel mobile …

Published: 15 Apr 2017 at 13:04hrs | 223 | by David Mutori and Benjamin Paradza

Zimbabwe's parastatal rot - when looting becomes second nature

Ever wondered why the Zimbabwe Government and its ministers find parastatals attractive despite them costing the taxpayer billions of dollars? Our previous article asked questions on the wisdom of the government taking over Telecel mobile …

Published: 13 Apr 2017 at 11:52hrs | 1025 | by David Mutori and Benjamin Paradza

Parastatals should be resuscitated

A brief survey carried out recently on the Agricultural Rural Development Authority (ARDA) estates seems to show that some of the estates are lying idle, some do not have managers and a few are performing. All in all parastatals need to be…

Published: 16 May 2016 at 11:40hrs | 2504 | by Stewart Murewa

Assets declarations by bigwigs would curb corruption

The move by government to come up with the National Code of Conduct, which requires that all top executives in public offices and parastatals should declare their assets and outline how they got them, is a welcome development that would br…

Published: 07 Jun 2014 at 12:53hrs | | by Mukachana Hanyani

'Parastatals boards appointed on cronysim,' says Msipa

FORMER Midlands Governor, Dr Cephas Msipa, says cronyism, incompetence and greed are to blame for the rot that has permeated most State enterprises and parastatals.Dr Msipa, who served on 18 boards in his prime when he briefly left Governm…

Published: 13 Feb 2014 at 11:23hrs | 3882 | by Staff reporter

MDC-T calls for a Parliamentary probe into all parastatals

Morgan Tvangirai led MDC (MDC-T) has called on Parliament to urgently set up a commission of inquiry to probe all State parastatals following this week shocking disclosures of hefty allowances that Happison Muchechetere, the suspended ZBC …

Published: 11 Dec 2013 at 11:22hrs | 19 | by Ndou Paul

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