Zimbabwe: Heads to Roll at Zesa

EXECUTIVES at ZESA Holdings have awarded themselves hefty increases in their allowances of up to 75 percent, backdated to 2009, at a time the loss-making power utility has intensified both its revenue collection and load shedding, The Financial Gazette can exclusively reveal.

Ironically, allowances for non-managerial staff have been slashed by 35 percent to contain the ballooning overheads in spite of recommendations for a 70 percent upward adjustment of the same by the National Employment Council for the energy industry.

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