THE Zimbabwe Broadcasting Corporation (ZBC), which is currently going through a restructuring exercise, has a huge US$54 million debt, the state broadcaster told parliament yesterday.
ZBC told the parliamentary portfolio committee on Media, Information and Broadcasting Services that it is currently trying to manage its debt to ensure it does not balloon further.
“We have managed to help ZBC come up with structures that will help ensure that the debt does not accumulate such as paying all its monthly bills, salaries and pensions as well as the National Social Security Authority,” chairperson of the ZBC board Gibson Munyoro said.
The board had been asked to appear before the parliament to give oral evidence on the outcome of the forensic Audit Report and State of Affairs at ZBC.
The parastatal spoke about its debt amongst other challenges it is facing, but failed to produce the forensic audit report which it received from KPMG auditors last year.
Munyoro said it was the responsibility of Information minister Jonathan Moyo to table the report to cabinet before it could be presented to parliament.
“The reports were given to us for purposes of planning and implementation but we do not have the mandate to publicise them,” he said.
“In consultation with the Information minister concerning this meeting we were advised that the minister will himself present the forensic audit and turnaround strategy reports to the members of parliament and that is why we did not avail the report to you.”
But the MPs were not impressed by Munyoro’s explanation and demanded to see the report.
“We are all concerned that you did not bring the forensic report. We indicated in our letter that we needed to get it from you. We demand that we get the report,” said committee chairperson William Dewa.
The forensic audit report is expected to shed light on the plethora of problems bedevilling the ailing state-run broadcaster.