High parastatals debt miffs Parly

THE Parliamentary Portfolio Committee on Budget, Finance and Economic Development is conducting public hearings to determine the level of debt held by State-owned firms, with early signs suggesting that all of them are technically bankrupt.

A report on the hearings is expected to be published in the next three weeks.

This was revealed by a member of the committee, Edwin Mushoriwa, during the ongoing fifth edition of the Zimbabwe debt conference in Harare.

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