Kazembe running key parastatals without Board members

By Staff reporter | 19 Nov 2018 at 16:44hrs
The newly appointed minister of ICT and Cyber Security, Hon Kazembe Kazembe, is officially now running without key parastatal boards, and he needs to urgently look into this exposé before it becomes a wrong precedent.

The only board he directly affected, was when he immediately dissolved the NetOne board, which he is yet to be replaced. Technically, this means that NetOne is running with a non-existent board and an acting CEO, and in the interest of good corporate governance, these issues need urgent attention.

The Potraz, board expired on the 31 of October and currently has 1 board member.  The regulatory board lost 3 board members, with Ozias Bvute the past chairman being elected the Member of Parliament for Goromonzi  South while the  Deputy Chairman Retired Major Sibangumuzi Khumalo is now the Member of Parliament For Tsholotsho and Tawanda Chinembiri who was a Personal Assistance in the Office of ex-Minister of  ICT Supa Mandiwanzira.

Other Board members since left as their tenures had come to an end, the likes of, Winston Marufu, Ms Nancy Saungweme,  and Doreen Sibanda and Mr Fradson Shavi who was with the presidential office.

Telecel Zimbabwe has a seating board which only set twice and will probably never sit again. The big problem is that the same board has so much energy of fighting their own from within whilst their house is on fire. Unfortunately, due to two different stakeholders issue, it's a hard call to put the shareholders to order, but the minister representing the government has a strong call to make and bring the house to order, which is why its imperative for the Minister to address these issues.

The government of Zimbabwe owns 60% of Telecel International stake represented by Selby Hwacha,  Francis Mawindi and
Babra Rwodzi while Telecel Zimbabwe has James Makamba and Jane Mutasa representing the EC with their 40% stake. However Babra Rwodzi is no longer on the board after winning the Chirumhanzi Zibagwe MP Seat,  meaning there is now equal representation, in fact with the current chairman from EC, Makamba holds more power in the Telecel board though they only control  40% as he has the casting vote.  

TelOne and Zimpost however still have intact boards although their structures are a story to be told another day.

Board members represent the interests of the stakeholder and they oversee the State Owned Enterprises (SOE) on behalf of the government. They are key in making serious decisions and laying direction for the SOE and more importantly help in making key decisions and oversight.

Top structural issue for SEO board members is making sure that these institutions are fully capacited to create dividends for the shareholder, however, calls of funding and capacitating the asset for the reciprocal results have always gone unanswered.



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