Zinwa owed $140M, near bankruptcy

via Zinwa owed $140mln, near bankruptcy | The Source  April 28, 2014

The Zimbabwe National Water Authority is bankrupt after major debtors, including the government and farmers, defaulted on nearly $140 million, leaving the parastatal struggling to pay salaries since December, an official has said.

“We are now also failing to acquire chemicals to cater for water treatment and that is why in some towns like Beitbridge we have introduced water rationing,” Zinwa spokesperson Marjorie Munyonga told The Source at the weekend.

Government owes Zinwa more than $100 million while Green Fuel owes more than $7 million incurred at its Chisumbanje ethanol project.

Munyonga said Green Fuel had failed to honour several payments plans, and Zinwa had cut water supplies to the company on March 11.

Among the debtors, farmers owed more than $20 million while Beitbridge and Gwanda town council had debts of $6.7 million and $4.9 million.

“There is no money for operations. We are also failing to pay for medical aid and the company is having problems meeting its tax obligations to Zimra,” she said.

 

COMMENTS

WORDPRESS: 9
  • comment-avatar
    Chidumbu 7 years ago

    Zinwa has been useless for many year , this is nothing new

  • comment-avatar
    moyokumusha 7 years ago

    There is no need for this ‘parasteal’ and they should be disbanded. Town councils / Rural District Councils should run the water affairs of their domains and farmers should be able to use what water resources they have after all they drill and maintain the boreholes, not Zinwa, they just loot what they can. Do away with them.

  • comment-avatar
    roving ambassador. 7 years ago

    People rejected is organisation long ago. Zanu’s pyramid scheme. Just created to fleece the nation.
    Shut the blood sucking Zanumpire down.

  • comment-avatar

    Everything ZANU has touched has turned to dust and yet still the people allow them to rule.

  • comment-avatar

    How many government paralysis’s (sorry I mean parastatals) do we have? Around 79? Most of them should be disbanded. They are organisations of leeches.

  • comment-avatar
    Johnny k 7 years ago

    Disband ZINWA they are merely a tax for long suffering consumers.

    • comment-avatar
      gwabu 7 years ago

      KUSAZIVA KUFA- VAKADARO VAKURU.

      ALL THOSE WHO COMMENTED KNOW ABSOLUTELY NOTHING.

      KUNGO WAWATA BADZI. NYIKA KANA INE VANHU VASINGAZIVE KUDAI INOBUDIRIRA SEI?

  • comment-avatar

    Another Dysfunctional authority keep it up!!

  • comment-avatar

    We used to say there was nothing stopping us from running things just as well as the Whites, if not better.
    What did we know, indeed!