The National Railways of Zimbabwe, which almost collapsed three years ago but has since managed to cut its deficits by more than 300 percent in the past two years is to receive a major boost when it receives 13 new locomotives and spare parts valued at US$23.7 million from General Motors Corporation (GMC) of the United States next month.
Zimbabwe’s fledgling independent press is to receive another boost with the launching of an independent daily within two months, reports say, but its survival could be at stake because of the continuing rivalry between the mainstream Zimbabwe Newspapers and its former employee Elias Rusike whose company, Modus Publications, will be launching the daily.
Rents for commercial and industrial space are likely to drop in response to the current economic downturn while residential rents will continue to be high because there is still a shortage, an analysis of reports by the National Property Association suggests.
While most of the parastatals, which have been given a freehand to operate on a commercial basis, are reported to be doing well, the amounts of long term loans they owe to the government are staggering.
The budget of the dreaded Central Intelligence Organisation, part of which is not subject to audit by the Controller and Auditor -General, has slightly been reduced indicating that reports that the organisation was being trimmed could be true.
The introduction of a special “temporary” drought relief payment of five cents a litre to dairy farmers from 1 August to 30 November to assist them through “this difficult time” should be a warning to consumers that another price increase is imminent.