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Mthuli Ncube Says Government Is Being Overcharged For Services. Threatens To Blacklist Suppliers

Mthuli Ncube Says Government Is Being Overcharged For Services. Threatens To Blacklist Suppliers

In a press statement yesterday, Finance Minister Mthuli Ncube said the government will punish its officials who are complicit in government being overcharged for service. 

Ncube said that overpricing has resulted in distortions on the exchange market and that the government had been complicit in letting itself be charged unfairly.

Said Nube in the statement:

Government has noted with concern pricing of goods and services offered by suppliers to Ministries, Departments and Agencies as well as Parastatals and Local Authorities. The pricing framework adopted by suppliers is characterised by a behavioural tendency for forward pricing models and benchmarking prices to front loaded parallel market exchange rates. These pricing models are leading to extortionist, pricing of goods and services supplied to the Govemment Ministries, Departments and Agents not anchored on economic fundamentals.

Government has also noted with concern the fact that substantial differences in pricing are obtaining in the market for goods and services supplied to the Government as compared to other customers.

Part of the problem the minister said, is that officials have been following rules to the letter, instead of using the spirit of the rules. Onward, the minister said the government will be stricter – officials will be punished and suppliers overcharging will be blacklisted.

…Punitive measures shall be taken against officials found to be complicit to overpricing and procurement malpractices while suppliers will be blacklisted for future supply contracts. All existing contracts are now subject to a value for money audit review before payments are made.

In recent weeks several government officials have acknowledged that government is the one that has been causing runaway inflation through local currency payments to infrastructure development suppliers. These suppliers, the officials have said, have been taking the money to the black market to buy US dollars to preserve its value.

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22 Comments

Dred 1 month ago

The professor is indeed a slow thinker. Is he only realising tht now.? No wonder why he failed to run a bank.


Da Truth 1 month ago

Muriku overcharged Nani imi murimi munema tenders acho ,kuroad makatora ose . supply of military and Police clothes ndimi nevakadz8 venyu arikuti kudiii muface uyu can't understand his motive isn't this campaign gimmick.???????🙆🙆🙆🙆😠😠😠😠😠

Ndini 1 month ago

Hayewawo


Maparamuro 1 month ago

It's overcharging itself, it's doing business with itself hence can't take action against itself


Ini zvangu 1 month ago

Mut**** brain I dololo chaidzo. What about those shelf companies that are being paid for not delivering. eg ye Cottco iri kudayi kupisa?


Supplier 1 month ago

Ha ha.. When you blacklist supplier's, you will be blacklisted by suppliers also and those that do business with you will require upfront payment.


Gwedu 1 month ago

Shut up, nonsense!!


Duduzani 1 month ago

Not overpricing, government are rendered goods and services before payment is done and they take years to settle their bills hence the suppliers overcharged to score the parity with runaway inflation


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Dirigsme 1 month ago

What's being overpriced. By whom? You telling lies. It's u ministers who are selling to gvt at inflated prices. Yes u the top chefs and your relatives. Especially the first fmly and Delish Nguwawa. U know about it Msuli Ncube u are merely feigning ignorance to make us believe u are genuine. You ain't. Gi ask Auxillia what shez supplying and at what price. Then stop bluffing


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Saga remunhu


chati homu! ...chareva 1 month ago

murikutononoka nekutaura, action yaitofanira yakutoitwa by now..


Chimundende 1 month ago

Shut up


WILLIAM SONBOY CHINEMBIRI 1 month ago

I am heavily disappointed by the Minister of Finance, Mthuli Ncube for going to press before he blacklisted those who are overcharging government departments.

There are also those government officials who have been conniving with those who were overcharging government departments. This is corruption Minister Mthuli Ncube.

[ ZVAKANZI NEVAMWE VAKURU NYIKA INOPUTSWA NE MBAVHA DZAYO ].

[ NGAAPINDE HAKE MUKOMANA CHAMISA ].

[ VOTE CCC FOR REAL CHANGE ].

Yours sincerely
William Sonboy CHINEMBIRI
[ THE BUSH LAWYER ].


Pachenyu Mambo 1 month ago

Ndimi ma Minister e Zanu pf murikupiwa ma contracts ne government unoiwanepi contract government kana usina scarrf muhuro pachenyu catch and release


aika 1 month ago

l hate this guy weBarbican bank uyu.economics dzake ndedzenhema zvinotondishamisa kuti ndiprofessor here.kunyepera kurasika kwake


gogodera 1 month ago

muthuli

😁😁😆😆😆 1 month ago

Ko Mayor Valuma Jena uyo


Vegeta 1 month ago

the market set it self


Nimrod 1 month ago

Absolute nonsence. You act first, in this case blacklist, then call for a presser to announce the new rules


1 month ago

Aaaaaaa


Majority Rule 1 month ago

Punitive measures kkkkk stop it mthuli,we know nothing will be done, it's all cheap talks and the country has gone back 5 centuries.People never trust anything from you and your other selfish cronies.One day we shall smile again with you guys of the scene


Majority Rule 1 month ago

Chaos starts by sifting messages



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