Govt Paying Each ZUPCO Bus $700 RTGS Per Day

Local Government, Public Works and National Housing Minister July Moyo said Government is paying each bus $700 per day.

While addressing journalists after yesterday’s Cabinet meeting, Moyo said Government is fine turning the deal so that it pays for a bus that has done work. Said Moyo:

We charged a flat rate of $700 RTGS per day. We expected at that time that each bus will run nine trips but those have not been achieved because of congestion. So the subsidy in the first month was larger than normal but we think that in the next month it is going going to be lower. We are now fine-tuning with the bus owners for us to pay for a bus that has done work.

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July MoyoRTGS

July Moyo is a Zimbabwean politician who is a member of the Zimbabwe African National Union-Patriotic Front (ZANU-PF) party and the current Minister of Local Government. Public Works and National Housing. Moyo is the deputy secretary of Administration and former Midlands Governor. He has been... Read More About July Moyo

Real-time Gross Settlement (RTGS) is a fund transfer system where the transfer of money takes place from one bank to any other bank on a "real time" and on a gross basis. Settlement in "real time" means a payment transaction is not subjected to any... Read More About RTGS

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