Diversified insurance giant Zimre Holdings has been identified as government’s sleeping partner in the troubled public bus company Zupco.

GOVT SWOOPS ON SPECTATOR PARASTATALS
SEPs such as Zupco, the National Railways of Zimbabwe (NRZ) and Zesa, are some of the struggling firms that have been relying Government support.

Account general Daniel Muchemwa says government was equally shocked when it realised that it had a deep-pocketed partner in the mass public firm.

Critics say poor management and corruption have brought Zupco to near collapse.

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