By Tendai Kamhungira
State-owned enterprises and parastatals continue to incur shocking financial losses, with high chances of ceasing operations, Auditor-General Mildred Chiri has warned.
State-owned enterprises and parastatals are losing millions of dollars, according to Chiris latest 2017 report, with fears that some might be declared insolvent due to the losses.
Among the companies experiencing dreadful losses are Zimbabwe Consolidated Diamond Company (ZCDC), Zesa Enterprises (Private) Limited (Zent), Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and Small to Medium Enterprises and Development Corporation (Smedco).
I draw your attention to the fact that the compan…
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