Home » General » REPORT ON PERKS OF TOP EXECUTIVES AT ZIMBABWEAN PARASTATALS FINALISED

HARARE, Feb 26– The Office of the President and Cabinet (OPC) has presented to Zimbabwe’s Cabinet a report of its findings on the salaries andf perks enjoyed by senior executives of parastatals, says Information, Media and Broadcasting Services Minister Professor Jonathan Moyoan.

The Cabinet last year directed the OPC to look into governance issues and remuneration of executives in the public sector. State-owned enterprises have in recent weeks come under the spotlight following revelations of corruption as well as excessive salaries and allowances for top executives at the parastatls.

Prof Moyo said the Cabinet on Tuesday deliberated on the report and referred it to the Committee on State Enterprises and Parastatals chaired by Finance Minister Patrick Chinamasa for review.

“After the review, the report is expected to be presented to Cabinet next week for a government decision on the immediate and long-term measures and processes to redress the state of malaise that has given rise to widespread media reports about corrupt salaries in most state enterprises, parastatals and local authorities,” Moyo said in a statement after the Cabinet deliberations.

He said the government was “unreservedly committed to leaving no stone unturned in addressing the malaise in the public enterprises” to ensure the institutions contributed to economic growth.

Parastatals are blamed for pulling down the economy’s performance because of their non-performance and perennial reliance on bailout packages. Zimbabwe has over 60 parastatals and state enterprises operating in various sectors of the economy.

SOURCE: NEW ZIANA

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