Yesterday State Enterprises Regulatory Authority of Zimbabwe executive director Mr Edgar Nyoni said the Ministry of Transport, Communications and Infrastructure Development is working on the Bill.
Government, he said, was making concerted efforts to ensure the national airline resumes operations. This followed concerns raised by the committee’s chairperson Cde Larry Mavhima (Zvishavane-Runde) on the operations of the national carrier. “On Air Zimbabwe the main objective of the ministry (State Enterprises and Parastatals Management) is to restore normalcy and the main issue is debt assumption,” he said.
“Cabinet approved debt assumption and the Debt Assumption Bill is being prepared by the line ministry (Transport and Communication).”
Mr Nyoni said the taking over of the debt by Government will be a first step in restoring viability to the national airline that was once rated one of the best in Africa.
He, however, said there should be simultaneous staff reduction if Government’s moves were to be successful.– The HeraldPost published in: Business