Register Login

Govt Announces Plans For Complete Dissolution Of All ZESA Subsidiary Boards

Govt Announces Plans For Complete Dissolution Of All ZESA Subsidiary Boards

The government has announced plans for a complete dissolution of all ZESA Holdings subsidiary boards saying the move is one of the priorities under the state enterprises and parastatals reform agenda. In his 2023 Budget presentation last week, Finance Minister Mthuli Ncube said:

State Enterprise and Parastatals reforms have been guided by the SEPs Short to Medium Term Reform Framework (SEPs-SMTRF), the National Development Strategy (NDS) 1 and Vision 2030. Drawing lessons from the successes and challenges faced in implementing the SEPs-SMTRF since 2018, it is envisaged that the SEPs reform priorities for 2023 will be guided by the following:

(a) Completion of the following on-going SEPs reforms: • Engagement of strategic partners for IDBZ, POSB, IDC Subsidiaries, TelOne and NetOne; • Merger of Genesis and Petrotrade; • Merger of BAZ with POTRAZ; • Merging of Powertel, Zarnet and Africom; • Complete dissolution of all subsidiary Boards for ZESA Holdings and allow ZPC to engage strategic partners for its power generation projects; • Implement approved reforms and capacity enhancement for ZIMPARKS;

• Capital raising strategies for Silo Foods, ZUPCO and Allied Timbers; and • Implementation of the short-term recapitalization strategy of the National Railways of Zimbabwe.

(b) Transform the Traffic Safety Council into a Traffic Safety Agency, with appropriate legal standing to effectively enforce road safety systems in the country.

(c) Undertake a holistic evaluation of public entities reforms through strategic portfolio reviews and comprehensive diagnostic analysis by sector. This will inform the best reform options for each entity on a case-by-case basis.

In this regard, line Ministries would be required to play a central role to ensure that all public entities under their purview are included in the reviewed Framework.

(d) A number of SOEs have been transformed and now operate viably, for example, Air Zimbabwe.

Government has over the years created investment vehicles and partnered private sector players through joint ventures, to invest in various.

More Pindula News

Share Article



The Adjudicator 2 months ago

Another election promise. 🏃🏾‍♀️🏃🏾‍♀️

Asalif 2 months ago

Hakuna kwaanosvika maParastals edu when they are headed nana uneducated retired colonel and major general chakadaro some areas of durisdction need qualified personal

Cde hondo 2 months ago

We want electricity not this nonsense

xxc 2 months ago

Dear comrades, the govt of Zimbabwe has embarked on another dictatorial journey. ED wants control over everything... Telecommunications, Electricity, Water, capturing the police, judiciary n prisons wasn't enough.


2 months ago

Apa panzi dissolution of all Zesa subsidies zvirikurevei

gg 2 months ago

mwait 4 retrenchment king like what they dd to NRZ,

Vesto 2 months ago

Another failed experiment.
We await the next experiment

Leave a comment

Recent News

News Categories