290 (2) (a) of the Urban Councils Act, of intention to borrow the said amount.
According to Mr Mbetsa of the US$10 million, US$3 million would go towards retrenchment while US$4 million is required to procure equipment and service vehicles.
Another US$2 million is needed for pensions and medical aid while council requires US$1 million working capital.
“Any objections which members of the public wish to make must be lodged with the town clerk by 1600 hours on Thursday, 5th of April 2012,” Mr Mbetsa said.
The embattled council was on the brink of collapse, a situation blamed on corruption and mismanagement.
This forced Local Government, Rural and Urban Development Minister Ignatius Chombo to appoint a resuscitation team led by Mr Mbetsa to turn around the fortunes of the dormitory town. The resuscitation team replaced the Godfrey Tanyanyiwa led administration that stands accused of corruption and mismanagement.
Under Mr Tanyanyiwa management allegedly diverted funds meant for services to buy houses and luxury vehicles valued at over US$537 000.
They also gave themselves personal loans amounting to US$324 000. Mr Tanyanyiwa reportedly used US$165 000 meant to service Nyatsime Housing Scheme stands to buy a house in Chisipite, Harare.
Council is also in a precarious financial position and is failing to pay its statutory obligations. The municipality is in salary arrears and is failing to remit its statutory obligations to NSSA, Zimra and pension schemes. It also owes Harare US$8 million in unpaid water bills. Council is heavily indebted with about US$3,5 million from banks to service its salary bill.
Economy: Growth signs visible
Martin Kadzere Senior Business Reporter ZIMBABWE has made significant progress towards achieving upper-middle-income status, with the country’s Gross National Income per capita growing by 84 percent since 2021, Finance, Economic…



