Friday, March 29, 2024

ZESCO Cancels the over K30 million tender to purchase brand new luxury vehicles for new Directors

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Cash strapped state power utility ZESCO has canceled the tender to spend over K30 million on brand new luxury vehicles for new Directors.

In a post on the company Facebook page, the company did not state the reason for the cancellation after there has been a public outrage.

Cash strapped state power utility ZESCO was planning to spend in excess of K30 million to procure 25 brand new luxury vehicles for its new Directors.

According to tender No. 029/202, ZESCO was inviting Bids from firms that can supply one Toyota Landcruiser VX L300, nine Toyota Prado VXL, 14 Toyota Prado TXL, and one Ford Everest.

ZESCO recently fired all its Directors in a major purge intended to get rid of anyone associated with the reign of former Managing Director Victor Mundende.

New Managing Director Victor Mapani has already assembled a team of new Directors seen to be loyal to him and President Hakainde Hichilema.

Mr. Mapani has also unveiled a ZESCO corporate structure, abolishing some Divisions and introducing several new Directorates.

ZESCO is now in the process of paying off its former Directors and around 60 Engineers who have lost their jobs since the new dawn government came into office.

The pay-out to dismissed employees is believed to be in excess of K25 billion.

A ZESCO insider revealed that the move to procure the vehicles is meant to satisfy the requirements of the Conditions of Service for the new Directors who are entitled to a brand new person to holder vehicle of choice.

Quotations obtained from Toyota Zambia showed that the Toyota Prado TXL and the Ford Everest were the cheapest costing around US$88,800 while the most expensive was the Landcruiser VX L300 which fetches around US$ 150,000.

24 COMMENTS

  1. The new directors can drive the cars left behind by their pre-decessors. And they should get 25% of their salaries. Zesco is totally bankrupt. HH you should have intervened beforehand. I thought you were so good in running a business? This one maybe you missed out on?

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  2. Cancelled temporarily as there is public outcry.The purchase will still go ahead slowly.
    What is the difference between PF and UPND Rule.Is this what Zambians voted for?

  3. @ TIKKI
    Never underestimate the power of social media…..we haven’t come to our senses yet….they will find a way of doing it all under wraps…..they’ve just realized they shouldn’t have published the bid…remember these are HH’s praise team members and friends

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  4. Good job ZWD for exposing these morons at ZESCO as I said the biggest mistake with Zambian govt appointing authiorities is that they always appoint MDs from within these failing govt entities like ZESCO, ZAMTEL etc ,,,there is nothing new that individual will bring as they were part of the rot. I remember when 50% of ZANACO was taken over by those Europeans, the new buzungu CEO was asked what new car he needed and he asked them what was wrong with the one in the carpark.

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  5. This larceny has no room in Paul Kagame government. It is hard for us to emulate this kind of discipline because UNPD Leaders give considerations to their businesses whenever they make a decision. There is just too much room for praise singers to eat with both hands.

  6. ALL TOP STAFF SHOULD BE GIVEN DOUBLE CABS AT THE VERY MOST
    ZESCO IS LACKING IN MAINTENANCE VEHICLES IN ALL PROVINCES SO THESE CAN BE USED WHEN NEEDED

  7. Perharps there is a wholesale need to revise ‘conditions’ of service for all CEOs. and Directors…..True its is only right that as CEO one may be ‘entitled’ to a personal to holder vehicle but ‘cap’ the amount…if they got a cap of say 50,000$ that buys one a good 4×4 twin cab vehicle…just as an example also make these cars a part of a soft loan so that others may opt not to take the car loan….there should also be little room to wriggle out of the loan by getting cash…this type of loan must be for the car in issue and the white book retained by the company until the total mount has been paid off….so just go to the drawing board the nonsense of the ’emoluments committee’ setting conditions when companies have boards doesnt add up

  8. These are socially criminal intentions by these few selfish individuals intent on satisfying their vanity rides. Government should immediately step in to stop them. ZESCO in the field has no operational vehicles or equipment to respond to public service needs and yet this is about to happen. Lets hope its fake news!

  9. The ultility is not cash strapped with that installed capacity of 3000 to consumer needs and also other business segments like Telecoms This purchase could have maybe been economical and each of those Directors given over some period due to optimization of resources as Transformation Transformative stratergies pay divends Did they say they will purchase them all at once or it’s some form of lease arrangements over a repayment period They are also standard small Pajero for corporate image and not those in pictures. Certainly they cannot procure them at once maybe over a time frame negotiated costs using proceeds and other resources including already purchased ultilities to support Directors mobilities When you attract quality you provide incentive in return for measurable performance…

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  10. Not even Directors of State-Owned companies in Europe equivalent to ZESCO have Landcruiser VX L300 for US$ 150,000. Not even any car costing US$88,800, BUT in ZAMBIA, a company that is in NEGATIVE numbers…..but directors driving US$150,000 GOD DAWN IT !!
    Do they really need Landcruiser VXs ? In a State Owned company ? Disgusting.

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  11. There standard specifications not executive super like in the picture all have those but could be the cash flows timings and working transform active ideas but vehicles could also be useful for performance value that should be put to use in the contribution and rate of return to the company may be it’s proceeds from auctions of those old have they indicated the FInancing methods for these it’s not from operational revenues most likely may be some asset finance facility??

  12. Is not shameful to want to buy such when ZESCO in the districts has no transport to provide service to the public. Its our time to eat syndrome should end.

  13. This Zesco corruption is the leftovers of the greed and avarice culture entrenched during the PF rule.Remember their fire tenders?

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  14. @ENKA you are living in self denial. PF left 8 months ago and if HH can’t constitute a team of financially disciplined people to run SOEs then he simply lacks capacity to do so. The current Zesco MD is UPND inside out and he has brought in fellow UPND supporters either friends or relatives of current ministers. Before UPND took over government we were told ZESCO is run by PF cadres and they have given themselves hefty conditions of services so we will bring professionalism and proper resource management to ZESCO. This is UPND proper management of resources we are now seeing. ZESCO management is now full of UPND members, everyone perceived as PF especially by name eastern or northern has been cleared out of ZESCO. Don’t live in denial but accept that UPND is not different from PF.

  15. Thats when you are campaigning its very important to separate professionalism from politics. Now these Directors will be under microscope as to what cars they will be driving. Which is not fair to some extent but that’s what UPND brought into politics and it can change because its them in power.

  16. Then you hear they tell us that Zambians bless your selves for hard times ahead. Really???? with this kind of careless spending while 60 000 houses have not been connected. you come on board the first thing you want to do is spend 30 M on luxury vehicles. Fire the managing director right now or let him resign on moral ground.

  17. I wonder where this type of work ethics came from. We need to impose KPI’s on these directors to earn all the perks they demand. These things should be tied to performance not because one has a title of director. Load-shading should be a core objective for all the directors and failure to achieve this objective should lead to demotion or dismissal. We are sick and tired of individuals and successive governments using these public utilities as cash cows to enrich themselves. What about investing the money in expansion of services or new technology? We are still using the same transformers from KK’s time and the old man M.H.S.R.I.P would have been clocking 100 years. Are our so called engineers still using text books which are over 100 years old?

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