A Government Gazette published last Friday (May 12) states that Finance Ministern Patrick Chinamasa in terms of Section 235 of the Customs and Excise Act has removed engine spares and components for the National Railways of Zimbabwe (NRZ). The rebate of duty is valid from 1 January to December 31 2017.
This comes as Government recently removed duty for a craft spares in a move set to benefit Air Zimbabwe. NRZ has a debt of $176 million and owes its workers $99 million. The parastatal has 60 operational locomotives out of 166. The locomotives are aged between 33 and 50 years against a lifespan of 25 years. Out of 283 passenger coaches, 106 are functional although they are in a bad state.
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Air Zimbabwe is the national airline of Zimbabwe. The airline has faced financial difficulties over the last decades owing to alleged mismanagement. In June 2017, the airline was rebranded to Zimbabwe Airways in an attempt to boost the national carrier’s fleet and increase its routes.... Read More About Air Zimbabwe
Patrick Anthony Chinamasa is a Zimbabwean politician and a member of Zanu-PF. He is the former Minister of Finance and Economic Planning. He was reappointed to the ministry after President Emmerson Mnangagwa had appointed his cabinet in November 2017. Chinamasa is former Minister of Cyber... Read More About Patrick Chinamasa
The Republic of Zimbabwe is a country located in the Southern Africa region. Its capital city is Harare and the country has 10 Zimbabwe Provinces. Zimbabwe is 390,580 sq km and is bordered on all sides by other countries (Zambia in the north, South Africa... Read More About Zimbabwe