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Parastatal reform crucial in a new Zimbabwe

Parastatal reform crucial in a new Zimbabwe

HARARE – Among the plethora of problems that will face the new government when it is sworn in and starts work, is the urgent issue of reform of the 105 State-owned enterprises (SOEs) that are currently managed by line ministries on behalf of taxpayers who are the owners or shareholders. Few other issues will demand […]

Ziscosteel requires $1bn to kickstart operations

Ziscosteel requires $1bn to kickstart operations

PARLIAMENT has recommended that the country’s rail system should be repaired to enable transportation of coal supplies to companies such as Ziscosteel. This came out in a report on Ziscosteel which was presented in Parliament last week by the Mines and Energy Portfolio Committee, where MPs also said the steel company needed $1 billion investment […]

Concern over Zimbabwe Iron and Steel Company grows

Concern over Zimbabwe Iron and Steel Company grows

CAPTAINS of industry are calling for urgent steps to revive the moribund Zimbabwe Iron and Steel Company (Zisco) as part of efforts to revive the country’s troubled economy. Zisco’s disappearance from the domestic, regional and international markets has created bottlenecks in vital supplies to industries, in addition to massive job losses. When operating at full […]

Salvaging NRZ, Zisco and Hwange Colliery from total collapse

Salvaging NRZ, Zisco and Hwange Colliery from total collapse

Meanwhile, the minimum wage levels in the rest of the region only increased at average annual rates way below that level — 19 percent in Zambia, 6,3 percent in South Africa, 5,9 percent in Mozambique and only two percent per year in Botswana over the same period. While wage levels increased disproportionately in Zimbabwe, regional […]

National Railways of Zimbabwe sinking like Zisco, warns former executive

National Railways of Zimbabwe sinking like Zisco, warns former executive

A former executive at the National Railways of Zimbabwe (NRZ) has warned government to keep its hands off the company lest it collapses like the Zimbabwe Iron and Steel Company (Zisco). Zisco has not been operating for years and plans to resuscitate the firm have all but collapsed. In an interview with Standardbusiness, the former […]

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