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Narrative Report on State Enterprises and Parastatals 2013

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Narrative Report on State Enterprises and Parastatals 2013 ZIMBABWE REPORT of the Auditor-General for the FINANCIAL YEAR ENDED DECEMBER 31, 2013 __________________________________________ NARRATIVE REPORT ON STATE ENTERPRISES AND PARASTATALS ______________________________________________________ ZIMBABWE Office of the Auditor-General of Zimbabwe 5th Floor, Burroughs House 48 George Silundika Avenue Harare, Zimbabwe The Hon. P. Chinamasa Minister of Finance and Economic Development New Government Complex SamoraMachel Avenue Harare Dear Sir, I hereby submit my Report on the audit of State Enterprises and Parastatals in terms of Section 309(2) of the Constitution of Zimbabwe read together with Section 10(1) of the Audit Office Act [Chapter 22:18], for the year ended December 31, 2013. Yours faithfully, M. CHIRI, AUDITOR-GENERAL. HARARE March 23, 2015 ii ZIMBABWE OAG VISION To be the Centre of Excellence in the provision of Auditing Services. OAG MISSION To examine, audit and report to Parliament on the management of public resources of Zimbabwe through committed and motivated staff with the aim of improving accountability and good corporate governance. OAG VALUES COMMITMENT Self-driven, promise keeping to foster mastery in customer RESPECT service delivery thereby leaving a Accepting mutual and legacy of being INTEGRITY reciprocal individuals' visionaries. self-esteem, diversity Being transparent, of view and need for trustworthy and fair recognition and in order to guarantee acknowledgement of professionalism and the office structures, ACCOUNTABILITY goal congruence in processes and our daily conduct. authority. Responsibility of giving assurance on the effective use of public resources and answerable for individual actions. TEAMWORK EMPATHY Results-oriented Empathetic support contribution each and encouragement one of us makes within the OAG through inspiration, family. creativity, chemistry and effectiveness. iii LIST OF ACRONYMS 1. BURS – Botswana United Revenue Service 2. CAAZ – Civil Aviation Authority of Zimbabwe 3. CBZ - Commercial Bank of Zimbabwe 4. CSC – Cold Storage Commission 5. EIA – Environmental Impact Assessment 6. FCR – Foreign Currency Reserve 7. GRN – Goods Received Note 8. GZU – Great Zimbabwe University 9. HPA – Health Professions Authority 10. IDC – Industrial Development Corporation 11. IFRS – International Financial Reporting Standards 12. JV – Joint Venture 13. MMCZ – Minerals Marketing Corporation of Zimbabwe 14. NIEEB – National Indegenisation and Economic Empowerment of Zimbabwe 15. NMMZ – National Museums and Monuments of Zimbabwe 16. NOIC – National Oil Infrastructure Company 17. NRZ – National Railways of Zimbabwe 18. NSSA – National Social Security Authority 19. OAG – Office of the Auditor-General 20. PAYE – Pay As You Earn 21. POSB – People’s Own Savings Bank 22. POTRAZ – Postal Telecommunication Regulatory Authority of Zimbabwe 23. PSIP – Public Sector Investment Programmes 24. RBZ – Reserve Bank of ZimbabweREA – Rural Electrification Authority iv 25. RTGS - Real Time Gross Settlement 26. S.H.E – Safety Health and Environment 27. SBU – Strategic Business Unit 28. SEDCO – Small and Medium Enterprises Development Corporation 29. SMEs – Small to Medium Enterprises 30. SPB – State Procurement Board 31. SSB – Salary Service Bureau 32. TIMB – Tobacco Industry Marketing Board 33. VAT – Value Added Tax 34. ZENT – Zesa Enterprises 35. ZETDC – Zimbabwe Electricity Transmission and Distribution Company 36. ZIA – Zimbabwe Investment Authority 37. ZIMDEF – Zimbabwe Manpower Development Fund 38. ZIMPOST – Zimbabwe Posts 39. ZIMRA – Zimbabwe Revenue Authority 40. ZINARA – Zimbabwe National Roads Administration 41. ZMDC – Zimbabwe Mining Development Corporation 42. ZPC – Zimbabwe Power Company 43. ZUPCO – Zimbabwe United Passenger Company v Table of Contents EXECUTIVE SUMMARY ............................................................................................................ VIII PUBLIC ENTITIES UNDER THE CATEGORY OF AUTHORITIES AND AGENCIES. ..........................................................................................................................................1 AGRICULTURAL MARKETING AUTHORITY (AMA) ..................................................................2 BROADCASTING AUTHORITY OF ZIMBABWE (BAZ) ...............................................................4 CIVIL AVIATION AUTHORITY OF ZIMBABWE (CAAZ) 2012....................................................7 HEALTH PROFESSIONS AUTHORITY (HPA) ..............................................................................10 NATIONAL SOCIAL SECURITY AUTHORITY (NSSA) ...............................................................13 POSTAL TELECOMMUNICATION REGULATORY AUTHORITY OF ZIMBABWE (POTRAZ) ...........................................................................................................................................28 RADIATION PROTECTION AUTHORITY .....................................................................................33 ZIMBABWE INVESTMENT AUTHORITY (ZIA)...........................................................................41 ZIMBABWE PARKS AND WILDLIFE MANAGEMENT AUTHORITY ......................................44 ZIMBABWE REVENUE AUTHORITY (ZIMRA) & ITS SUBSIDIARY .......................................53 PUBLIC ENTITIES UNDER THE CATEGORY OF BOARDS .................................................75 GRAIN MARKETING BOARD (GMB) ............................................................................................76 HEALTH SERVICE BOARD .............................................................................................................89 NATIONAL INDIGENISATION AND ECONOMIC EMPOWERMENT BOARD (NIEEB) ........91 TOBACCO INDUSTRY MARKETING BOARD (TIMB)................................................................96 PUBLIC ENTITIES UNDER THE CATEGORY OF COMMISSIONS .....................................98 FORESTRY COMMISSION: 2011 & 2012 .......................................................................................99 PUBLIC ENTITIES UNDER THE CATEGORY OF COMPANIES AND CORPORATIONS ...........................................................................................................................109 ALLIED TIMBERS ZIMBABWE (PRIVATE) LIMITED 2012 & 2013 ........................................110 CMED (PRIVATE) LIMITED ..........................................................................................................130 COLD STORAGE COMPANY (CSC) 2011 AND 2012 .................................................................136 MARANGE RESOURCES (PRIVATE) LIMITED 2012 AND 2013..............................................149 MINERALS MARKETING CORPORATION OF ZIMBABWE AND ITS SUBSIDIARY ..........174 MELLOFIELDDE CHEMICALS (PRIVATE) LIMITED ...............................................................182 NATIONAL MUSEUMS AND MONUMENTS OF ZIMBABWE (NMMZ) 2011 ........................186 NATIONAL OIL INFRASTRUCTURE COMPANY OF ZIMBABWE (NOIC)............................191 NATIONAL RAILWAYS OF ZIMBABWE (NRZ) ........................................................................196 NETONE (PRIVATE) LIMITED......................................................................................................210 vi PETROTRADE (PRIVATE) LIMITED: 2011-2013 ........................................................................224 POWERTEL COMMUNICATIONS (PRIVATE) LIMITED ..........................................................232 PRINTFLOW (PRIVATE) LIMITED ...............................................................................................236 TEL ● ONE (PRIVATE) LIMITED ..................................................................................................243 ZESA ENTERPRISES (PRIVATE) LIMITED (ZENT) ...................................................................248 ZIMBABWE MINING DEVELOPMENT CORPORATION (ZMDC) 2012 ..................................256 ZIMBABWE POSTS (PRIVATE) LIMITED (ZIMPOST) ..............................................................272 COURIER CONNECT (PRIVATE) LIMITED ................................................................................278 ZIMTRADE (PVT) LIMITED ..........................................................................................................282 ZIMBABWE UNITED PASSENGER COMPANY (ZUPCO) 2012 ...............................................287 PUBLIC ENTITIES UNDER THE CATEGORY OF FINANCIAL INSTITUTIONS ............296 AGRICULTURAL BANK OF ZIMBABWE LIMITED (AGRIBANK) .........................................297 INFRASTRUCTURE DEVELOPMENT BANK OF ZIMBABWE (IDBZ) ...................................305 PEOPLE’S OWN SAVINGS BANK (POSB) ..................................................................................308 SMALL ENTERPRISES DEVELOPMENT CORPORATION (SEDCO): 2012 ............................314 PUBLIC ENTITIES UNDER THE CATEGORY OF UNIVERSITIES AND TERTIARY INSTITUTIONS.........................................................................................................317 CHINHOYI UNIVERSITY OF TECHNOLOGY (CUT) .................................................................318 CHINHOYI UNIVERSITY OF TECHNOLOGY HOTEL ..............................................................324 GREAT ZIMBABWE UNIVERSITY (GZU)...................................................................................326 HARARE INSTITUTE OF TECHNOLOGY (HIT) .........................................................................329 MIDLANDS STATE UNIVERSITY ................................................................................................331
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