The National Railways of Zimbabwe has recorded an increase in volumes of cargo moved between April and June to 874 000 metric tonnes from 754 000 metric tonnes during the same period last year.
The turnaround strategy of the state owned rail company is seemingly yielding the targetted results.
The parastatal’s Chairperson, Mr Larry Mavhima said the rise in freight volumes also reflects renewed business confidence by industry and commerce on the utility’s recapitalisation strategy.
“All is on course to the survival of the company. We are doing our best to ensure we are back on track despite limited resources,” he said.
In line with the $400 million recapitalisation deal with the Diaspora Infrastructure Development Group (DIDG) and Transnet Consortium, the parastatal is leasing equipment from Transnet while finalising its recapitalisation deals.