Govt gets tough on graft in parastatals

By Davison Vandira

ZIMBABWE’S parastatal reform agenda is shaping up through enhanced surveillance and a water tight forensic audit system meant to galvanise efficiency in government owned companies.

This comes after National Social Security Authority (NSSA) Managing Director Arthur Manase was sent on forced leave based on allegations of gross mismanagement of pension funds.

Less than a week after top officials at the Cotton Company of Zimbabwe – COTTCO were arrested on corruption related allegations, National Social Security Authority (NSSA) Managing Director Arthur Manase has been sent on forced leave with allegations of gross mismanagement of pension funds being levelled against him.

Analysts are convinced that the development is in line with the Second Republic’s Parastatal Reform Agenda and its uncompromising stance on graft.

Development Economist Dr Prosper Chitambara says the offensive parastatal reform process is necessary as state-owned entities are key catalysts for economic development.

“We have noted with great satisfaction the current efforts to bring sanity to the operations of these institutions which are critical for sustainable economic growth,” he noted.

Corporate Governance Expert, Dr Nelson Maseko laid bare the economic significance of parastatals in Zimbabwe, especially in ensuring efficient production of goods and services in the economy.

We cannot over emphasise the economic significance of parastatals in the Zimbabwean perspective as they used to employ more than 45% of the country’s labour force and were the major guarantees of certainty with respect to government policies, therefore the clean up exercise happening is commendable and most welcome,” he said.

As the clean up of parastatals continues, government has placed corruption-ridden state-owned entities on the radar to restore sanity in their operations.