Zesa Holdings says only 27% of its revenue goes towards salaries in line with business best practices. Zesa’s public relations manager, Fullard Gwasira said funds allocated to the group from Treasury were channelled towards funding operations or to procure spares and inputs for electricity generation, transmission and distribution to achieve security of electricity supply, among other critical areas of need.
Responding to an article published in NewsDay last week which said 76% of revenue generated by the power utility went towards salaries, Gwasira said,
While employees are important stakeholders of the power utility, only 27% of the revenue generated by Zesa is channelled towards salaries in line with business best practices. It is not correct that Zesa Holdings has used 76% of Treasury disbursements on salaries alone as alluded in the article in question.
NewsDay has since established that it is the Energy ministry which was spending around 76% of funds it is allocated by Treasury on salaries.