Potential investors inspect National Railways of Zimbabwe assets
A GROUP of 10 potential investors interested in the proposed $400 million National Railways of Zimbabwe (NRZ) recapitalisation project have conducted a four-day voluntary due diligence inspection of the parastatal’s assets. NRZ public relations manager Mr Nyasha Maravanyika said the voluntary tour by the group was a follow-up to the recapitalisation pre-bid conference held in […]
Abuse at NRZ: Sits on $150m real estate: Asset register in shambles
THE rundown National Railways of Zimbabwe (NRZ) is sitting on countrywide real estate estimated to be worth more than $150 million, with the potential to raise at least $5 million in rentals monthly. According to information The Chronicle has pieced together in an in-depth investigation, the countrywide properties include guest houses in the country’s low […]
Forensic audit exposes rot at National Railways of Zimbabwe
SOME managers at the National Railways of Zimbabwe (NRZ) do not have qualifications for their posts while the parastatal’s wage bill is not in tandem with the size of the workforce, a top company official revealed yesterday, citing findings of the company’s forensic audit. At present, NRZ employs about 4 000 workers from close to […]
