By Own Correspondent- Addressing the media in the capital Harare Wednesday, ZACC Chairperson Justice Loice Matanda Moyo said it was worrying that parent ministries were in the habit of looting government parastatals.

She said:

“In the circumstances and on the basis of the report of the Auditor-General
Government al Ministries, in investigations departments, State Enterprises and Parastatals implicated in the report with a view to bringing to book, all those implicated in any and all acts of corruption, theft, misappropriation, abuse of power and other improper conduct.

As ZACC We have also noted that Ministries that have an oversight role on State Enterprises and Parastatals are cause for concern. Equally companies run by majority shareholders or family businesses are of serious concern in terms of their adherence to corporate governance principles.

The government needs to urgently review the powers of Ministries over State Enterprises and Parastatals under their purview to stem out this culture of looting in these State Enterprises and Parastatal by parent Ministries.”