ZUPCO To Be Partially Privatised: Transport Minister

The Zimbabwe United Passenger Company (ZUPCO) is set to be partially privatised. This is part of the government’s efforts to wean itself of loss-making parastatals. Most of the government-owned corporations are making heavy losses and more than forty of them are set to be restructured. Local Government Minister July Moyo said

Zupco is an area where business, labour, and government are interested to ensure that public transport is consistent, and we have looked at the Chinese, Scandinavian, and British models, where privatisation of public transport was disastrous and expensive

We ended up deciding to go for partial privatisation of Zupco to get some investors, and already, 22 potential investors — both local and international — are interested in coming in because they know that this is big business

Partial privatisation will give us a chance to see how Zupco can be best run. We know that when Zupco is fully operating, we will have a lot of problems because there are vested interests in mushikashikas and kombis, but as of now, the government has taken a decision to (partially) privatise.

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