Supa Mandiwanzira got $200 000 car loan from POTRAZ


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supa mandiwanzira 1

ICT Minister Supa Mandiwanzira broke the rules and got a $194 000 loan from a parastatal under his Ministry for the purchase of a vehicle, a report by the Auditor general reveals.

The Auditor General’s department, in its new report on government ministries, also revealed how the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) loaned $10 million to the ministry for its acquisition of a controlling interest in Telecel Zimbabwe. The loan was extended with no Treasury approval.

“The Ministry (of ICT, Postal and Courier Services) got loans amounting to $10 million, $194 564 and $95 000 from POTRAZ for the acquisition of government’s shareholding in Telecel Zimbabwe and purchasing of the Minister and Deputy Minister’s (Win Mlambo) vehicle respectively, without Treasury concurrence. These amounts were still outstanding as at the time the audit was concluded,” the report says.

The Ministry also borrowed an additional $58 888 from POTRAZ and state owned mobile operator NetOne.

Says the Auditor General: “The ministry did not provide documentary evidence to show that they were given treasury authority to borrow from state owned enterprises. Since the amount of $58 888 relates to appropriation expenses by the ministry, the expenditure should be accounted for in the 2015 financial year.”

“In addition, the ministry did not provide documentary evidence on how it intends to account for the $10 289 564 for the purchase of shareholding in Telecel Zimbabwe and the purchase of the Minister and Deputy Minister’s vehicles.”

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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