The Minister of Transport and Infrastructure Development in Zimbabwe, Joram Gumbo, announced legislative changes in order to limit the bulk transport by road. The minister has cited reducing wear and tear on the country’s fragile road infrastructure, reduction in road accidents and support of the country’s National Railways of Zimbabwe (NRZ) as motivating factors behind this step.
National Railways of Zimbabwe have recently undergone a financial audit that has resulted in management announcing mass retrenchments across all departments in an effort to reduce the state supported operating costs. Following months of industrial action, the rail operator continues to operate at a loss. The company recently appointed Deloitte and Touche Chartered Accountants to serve as a transaction advisor to guide the rail operator in developing strategies to raise capital.
Share on:
