Browsing tag
South African business mogul Edwin Sodi is at risk of losing 90 of his vehicles after a giant insurance company applied for a court order to attach a fleet of cars that belong to a company he owns.
By Farayi Machamire Zimbabwe National Roads Administration (Zinara) has admitted that the country’s roads are now a “national embarrassment”, but argued they could not do much as a huge chunk of their revenue was being gobbled by heavy taxes. The Administration refused to shoulder the blame for the country’s derelict roads, contending that local authorities […]
By Tendai Mugabe South African businessman Mr Niko Shefer is reportedly siphoning millions of dollars from the Zimbabwe National Roads Administration as facilitation fee for the $206 million loan accessed from the Development Bank of Southern Africa (DBSA) to refurbish the Plumtree-Mutare Highway. It emerged Zinara is depositing a staggering $300 000 in Mr Shefer’s […]
VICTORIA FALLS – The National Railways of Zimbabwe has received a major boost in its efforts to turnaround its fortunes after the government finally secured a $750 million loan facility from the Development Bank of South Africa (DBSA) for its rehabilitation.
The minister of Transport and Infrastructural Development, Obert Mpofu, on Tuesday implored National Railways of Zimbabwe (NRZ) employees to be “patient” and allow government to negotiate a $700 million loan from the Development Bank of South Africa (DBSA) to revitalise the transport utility.