HARARE - Information minister Jonathan Moyo yesterday received the Zimbabwe Broadcasting Corporation (ZBC) audit report, declaring that the national broadcaster’s fortunes will soon change for the “best”.
KPMG Chartered Accountants (Zimbabwe) partner Emilia Chisonga handed over the audit report to Moyo at his Munhumutapa offices.
“The real hard work is about to begin and as a result of this report, ZBC will never be the same again,” Moyo said.
“We will transform ZBC along the ZimAsset lines for the best and not for the better.”
The minister, who was in the company of his deputy Supa Mandiwanzira, the ministry’s permanent secretary George Charamba, ZBC board chair Gibson Munyoro, Munyoro’s deputy Rudo Mudavanhu and the auditor general Mildred Chiri, said he was happy that KPMG finally delivered the audit report.
“We are delighted to finally receive the report,” He said. “We have been waiting patiently for it. We understand that it ended up taking much time than anticipated due to unforeseen challenges.”
Moyo said he would studiously study the audit report and furnish his principal with the report.
He said he expected the ZBC board to implement the proposals made by the auditing company.
“We will study the report right away and then advise our principal of the report and its findings. We expect the ZBC board to be geared towards implementing the proposals,” he said.
Moyo ordered the audit late last year after management failed to come up with a turnaround programme for the broadcaster, which is said to be choking under a debt of about $40 million.
ZBC’s monthly revenues reportedly top $275 000 per month against a budget of $2,3 million, of which $1,6 million should go to salaries.
However, workers went for seven months without pay last year, while management drew huge pay packages, with chief executive Happison Muchechetere earning about $40 000 per month.
Muchechetere has since been suspended while the corporation’s board which was headed by Cuthbert Dube was fired.