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National Railways of Zimbabwe equipment lease deal pays off

National Railways of Zimbabwe equipment lease deal pays off

THE National Railways of Zimbabwe (NRZ) says its decision to hire equipment from Transnet South Africa has started paying dividends, with cargo freight volumes increasing since April this year. “As part of the NRZ’s $400 million recapitalisation deal with the Diaspora Infrastructure Development Group (DIDG) /Transnet Consortium, the NRZ is leasing equipment from Transnet as […]

Former Zimbabwe Mining and Smelting Company Workers Agonise Over Evictions

Former Zimbabwe Mining and Smelting Company Workers Agonise Over Evictions

The company has been trimming its workforce after being affected by depressed global ferrochrome prices, which chewed into the company’s revenues. MOSES Mkahlera (60) has been working for chrome mining company, the Zimbabwe Mining and Smelting Company (Zimasco), for the past 25 years. He knows no other home except his four-roomed company house in a […]

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