You are here
Home > Local Business > Zesa owed $1bn, sues debtors •200 local authorities, State enterprises, private companies targeted

Zesa owed $1bn, sues debtors •200 local authorities, State enterprises, private companies targeted

0
0

HARARE


The Zimbabwe Electricity Transmission and Distribution Company, which is battling to recover over $1 billion in unpaid power bills, has approached the High Court suing at least 200 local authorities, State enterprises and private companies. Prominent individuals are also appearing in the court cases filed by ZETDC. On the list of debtors are at least 40 State and local authorities who are being sued for a combined $25 million. Summons were issued from January this year to date and the cases are proceeding through the High Court in Harare. While some defaulters were yet to be sued and others are on payment plans, the 200 have proved to be bad debtors. ZESA public relations manager Fullard Gwasira confirmed the implementation of a debt recovery strategy, saying many others were still to be taken to court. Gwasira said stern credit control measures like lawsuits were ZESA’s last resort in cases where the creditors are not cooperating in terms of payment plans.- Herald

Please add your content in this area.

0
0

Leave a Reply

7 + thirteen =

Top