Parastatals incur $270m loss: Audit •Weak corporate governance cited •‘Most entities technically insolvent’

Farirai Machivenyika Senior Reporter— THIRTY-EIGHT out of 93 State-owned enterprises (SOEs) audited last year incurred a combined $270 million loss as weak corporate governance practices and ineffective control mechanisms took their toll. There were indications that some line ministries had not yet responded to President Mugabe’s directive to provide updated status reports of State enterprises that fall…
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Low turnout blights BVR exercise

Elita chikwati Senior Reporter— AS the first phase of Biometric Voter Registration (BVR) reaches midway, the Zimbabwe Electoral Commission (ZEC) has so far registered only 675 762 voters, which is 9,7 percent of the targeted 7 million voters. The first phase began on October 10 and will run until October 26. Latest ZEC statistics show that as at…
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