Top Menu




ZBC saddled with $66m debt

ZBC CEO Patrick Mavhura has told Parliament that the broadcaster wants government to take over or warehouse its $66 million debt.

BY VENERANDA LANGA

Mavhura and other top ZBC officials appeared before the William Dhewa-led Parliamentary Portfolio Committee on Media and Information to speak on the KPMG forensic audit and its implementation, where MPs also grilled the crew over the broadcaster’s partisan reporting.

“ZBC is saddled with a $66 million debt, which is owed to creditors, and it was caused by a five-year period of perennial losses, where we posted a loss of $65 000 that created a negative net worth of $12 million and this huge debt of $66 million,” Mavhura said.

“The KPMG recommendations were that the debt should be taken over by government, and this is yet to happen.”

Mavhura said after the old board and management were fired, which ushered in a new board and management, the broadcaster engaged in new corporate strategies that had improved ZBC’s financial position.

One Response to ZBC saddled with $66m debt

  1. thabisa February 19, 2018 at 9:51 am #

    I am so excited about what has happened lately and I cannot keep silent. Some of you know my life very well. You know how happy I and my family was. Those of you who have visited me at my home you know that i had everything a lady wishes for in life. Life was good but it is hard to explain how things changed for the worse so quickly. I first heard rumors that my man is seeing another woman. In a short time I found out that it was true. When I confronted him, he left me for that woman. He blocked me on all social networks. Luckily a caring old friend of mine May took me to this Mama Noah Love Spells Caster South Africa who had also helped her when she had a similar problem. She performed special prayers for me, cleansed me from bad luck & also fixed my financial problems. A few days after the rituals, my man came back home asking for forgiveness. I could not believe it. We recently got married and am so happy and excited. , I thank you my friend for standing with me. Friends, If you are having any problems in your life or marriage, protection, or Job spell. I also refer you to this wonderful Lady Mama Noah Love Spells Caster South Africa +27632454019

AMH logo

© 2018 The Zimind. All Rights reserved.

DMMA logo