Home LOCAL NEWS ZIMRE WEAK PARTNER TO ZUPCO

ZIMRE WEAK PARTNER TO 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.

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.

Also Trending...

Woman Caught Bedding 13 year old, Claims He Invited Her!

A Greendale woman was on Tuesday arrested after she was caught having s..ex with a 13-year-old boy at the latter’s parents’ home in Houghton Park. Woman Caught Bedding 13 year old, Claims He Invited Her! The unidentified woman was quick to defend herself from arresting police officers by showing them condoms, saying they had had protected...Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.