National Railways of Zimbabwe equipment lease deal pays off
THE National Railways of Zimbabwe (NRZ) says its decision to hire equipment from Transnet South Africa has started paying dividends, with cargo freight volumes increasing since April this year. “As part of the NRZ’s $400 million recapitalisation deal with the Diaspora Infrastructure Development Group (DIDG) /Transnet Consortium, the NRZ is leasing equipment from Transnet as […]
National Railways of Zimbabwe eyes more agreements
THE National Railways of Zimbabwe (NRZ) is currently negotiating with some partners in the shipping line, with a view to signing more service level agreements to boost business, an official has said. Last year, NRZ signed a deal with Zimasco and CFM of Mozambique, which saw the parastatal moving about one million tonnes of chrome […]
Chrome ore spurs Zimbabwe minerals sales
MINERAL sales by volume increased by 29% to 592 179 metric tonnes (mt) in the first four months of the year, with most minerals registering a growth, statistics from the Minerals Marketing Corporation of Zimbabwe (MMCZ) show. Statistics from MMCZ show that a number of minerals in the first four months to April registered an […]
Zimbabwe Chrome exports up 320% on target to reach $300 million
CHROME exports more than trebled to $42 million in February, up from $10 million in the same period last year on the back of increased output, a government official has said. In January, chrome exports were at $28 million from $7 million in 2015. In an interview, Mines and Mining Development minister Walter Chidakwa said […]
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 […]
Zimbabwe Braces for Bleak 2016
DESPITE the promise by the Zanu PF government to intensify the implementation of the country’s ambitious economic blueprint ZimAsset and the projected 2,7% economic growth made by Finance minister Patrick Chinamasa, Zimbabweans should instead brace themselves for a tough and gloomy 2016 on the back of a disastrous agricultural season, supply side constraints and continued […]
Former Zimbabwe Mining and Smelting Company Workers Agonise Over Evictions
The company has been trimming its workforce after being affected by depressed global ferrochrome prices, which chewed into the company’s revenues. MOSES Mkahlera (60) has been working for chrome mining company, the Zimbabwe Mining and Smelting Company (Zimasco), for the past 25 years. He knows no other home except his four-roomed company house in a […]
1000 Workers Fired In One Day In Zimbabwe
AT least 1 000 workers from different companies were fired in one day yesterday with Zimasco reportedly showing 648 of its employees the exit door. The mass job cuts are part of a scramble by companies to fire workers without benefits as they capitalise on last Friday’s Supreme Court ruling. The Supreme Court, in a […]
