Zimbabwe Revenue Authority (Zimra) Commissioner-General Faith Mazani on Tuesday told Parliament that companies and parastatals were not paying taxes resulting in a huge tax debt.Mazani appeared before...
Bad management has helped sink many Zimbabwean parastatals, but TelOne, the state-owned telco, shows that not even the best leadership can keep a state enterprise afloat as long as government keeps up...
Telone trimmed its debtors' book by 7% from $162 million in 2017 to $151 million in 2018, but is still struggling to recover debts owed by government departments and parastatals totalling $93 million ...
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...
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...
GOVERNMENT'S reform programme on 43 public enterprises has gathered momentum with Cabinet yesterday resolving to consider, for adoption, submissions on targeted entities beginning next week. Each Cabi...
ENVIRONMENT, Tourism and Hospitality Industry minister Prisca Mupfumira has warned parastatals under her ministry to desist from corrupt tendencies that have crippled most parastatals and State-owned ...
PARASTATALS owe the Zimbabwe Revenue Authority (Zimra) over $491 million in unpaid taxes amid warnings that the struggling state-owned enterprises are crowding out funding for social services such as ...
Government says it will soon announce a new board of directors for mining parastatals and has committed itself to ensure that Zimbabwe Mining Development Corporation (ZMDC) assets are utilised for the...
President Emmerson Mnangagwa has placed limits on the terms of office of chief executives and board members of State enterprises and Parastatals (SEPs), while also binding them to performance contract...
Vice President General Constantino Chiwenga (Retired) yesterday said it was time non-performing State Enterprises and Parastatals (SEPs) were shut down if efforts to revive them have failed.Presenting...
THE systematic decline and near-collapse of the country's flag carrier Air Zimbabwe (AirZim), attributed to mismanagement and corruption, reflects the general decay of struggling and bankrupt state-ow...
Zimbabwe is looking to sell shares in 35 state-owned firms, including telecoms and mining entities in the latest step to revive the economy under new political leadership, Finance Minister Patrick Chi...
The Labour and Social Welfare ministry is facing resistance from government's 90 parastatals to avail the exact number of people they employ. Speaking at a workshop on strategies for employment promot...
The acting general manager (GM) at the Minerals Marketing Corporation of Zimbabwe (MMCZ) revealed on Monday that the parastatal was pressured to dish out money to the ruling party, in what constitutes...
PRESIDENT Emmerson Mnangagwa has set in motion a process to make sure State-owned enterprises are managed by people with the requisite skills and knowledge, it has emerged.Mnangagwa has, since taking ...
Government has imposed a salary and benefits freeze for management at State Enterprises and Parastatals amid plans to have the salaries reflect their performance. There are suggestions that the obtain...
GOVERNMENT should deploy skilled personnel to run public enterprises and hold management to account instead of continuously pumping money where there are no returns.Speaking during the 2018 National B...
PRESIDENT Emmerson Mnangagwa will privatise most of the 114 loss-making parastatals which have bled the fiscus amid plans to ease pressure on the Treasury as well as introduce reforms that will result...
THE coming in of a new Government led by President Emmerson Mnangagwa has kindled hope for economic recovery in Zimbabwe after years of stagnation.The demise of key economic players, mainly public en...
Shocking revelations were made this week before Parliament by State Enterprises Restructuring Agency (SERA) executive director Edgar Nyoni that only two State enterprises and parastatals (SEPs) paid d...
At least 30 parastatals and State enterprises were not audited last year for various reasons which will be revealed by Accountant-General Mr Daniel Muchemwa when he tables a comprehensive report befor...
IN response to Mugabe to blame for parastatal mess: ZCTU: Your report that the Zimbabwe Congress of Trade Unions (ZCTU) blames President Robert Mugabe for the collapse of State-owned companies is spot...
President Mugabe yesterday said non-performing parastatals and State enterprises must be dissolved as they are stifling economic growth through perennial dependence on the fiscus.He said some ailing p...
The President Robert Mugabe has expressed deep concern over the continued underperformance of state enterprises and the parastatal sector whose current contribution to the national gross domestic prod...