News
Jobs
About
Contact
Register
Login
Generate
WhatsApp Message
*Govt Approves Re-merging Of Subsidiaries To Form "One" Zesa In Order To Cut Costs* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?jj Permanent Secretary in the Ministry of Energy and Power Development, Partson Mbiriri has said that the cabinet has approved a decision to remerge all Zesa related subsidiaries to reform a single company. The government has cited the high costs associated with running separate companies after Zesa was unbundled in 1997 and 2006. In a discussion at the Harare Agricultural Show on Tuesday, Mbiriri said, > Zesa used to be one company. But we created eight entities out of the one company and each one has a chief executive (officer), if not several chiefs; and each one has a vehicle which matches the title. The costs are too high. Cabinet has decided we shall revert to one Zesa. We will have a few chiefs (and) the costs will come down. It will not be a popular decision (with the management). > For Zesa Holdings and its four subsidiaries, we are in the process of amalgamating them. That will have a telling impact on the tariff. I am not saying the tariff will come down, but we might hold on to where we are as we will have a leaner administration. More: Herald ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Feedback