Minerals firms slated for inadequate control mechanisms

Farirai Machivenyika Senior Reporter
The Zimbabwe Consolidated Diamond Company and the Minerals Marketing Corporation of Zimbabwe have weak control mechanisms that could be prejudicing the State of the much needed revenues from mineral resources.

This was said by Mr Tafara Chiremba, the programmes officer at the Zimbabwe Environment Law Association when he appeared before the National Assembly Portfolio Committee on Mines and Energy to brief them on the 2019 Auditor General report on the two entities.

In the report, Auditor General, Mrs Mildred Chiri, cited poor record keeping, abuse of resources and failure to follow procurement regulations in the entities, among other loopholes.

Mr Chiremba said it was necessary to institute forensic audits in the two organisations.

Related Posts

IMF impressed by Zim economy . . . meets all end-March targets . . . rating boon for economy

Nqobile Bhebhe-Zimpapers Business Hub ZIMBABWE has reached another significant milestone in its economic reform and international re-engagement drive after the International Monetary Fund (IMF) Management approved the completion of the…

Govt to pursue pensions, benefits for SA returnees

Zvamaida Murwira-Senior Reporter GOVERNMENT will engage South African authorities over unpaid benefits and pensions for Zimbabwean returnees under the ongoing repatriation exercise. Speaking to journalists at a post-Cabinet media briefing,…

Leave a Reply

Your email address will not be published. Required fields are marked *

×