HARARE -- Energy Minister Elton Mangoma The ZESA boss who served the wholly government-owned energy utility for 29 years had demanded the hefty severance package to be paid over two years, a company house, three top of the range vehicles or the cash equivalent, allowances for clothing, entertainment, newspapers as well as toll gate fees, two maids and a driver.
He also wanted ZESA to pay his children’s school fees up to university level.
As chief executive of the power utility since 2007, Rafemoyo failed dismally to turn around the power corporation which has failed to meet rising power demand and has had to implement a punishing electricity rationing schedule that has seen whole suburbs going for long hours sometimes days without power.
Explaining his refusal to okay Rafemoyos exit package, Mangoma said: there is absolutely no way ZESA or any other parastatal under the ministry, could afford such a hefty package of US$2 million for a single, departing executive.
Mangoma declined to say how much Rafemoyo was eventually getting as a severance package but it is believed he is walking away with US$60,000.
“In line with international best practices and sound corporate governance principles, discussions of such a nature revolve around a work ethic that demands respect for confidentiality and the privacy of a departing executive, he said.
Post published in: News