Attachment: Background and Selected Recent Developments
Prepared by Helga Treichel (FIN).
There are about 30 public enterprises remaining in Zimbabwe—the ones treated in detail in this chapter are the eight largest and strategically most important ones.
These figures need to be interpreted with some caution as they are based on unaudited data received from the enterprises. Furthermore, public enterprises operate in an environment of controlled prices—for both inputs and outputs, and interest rates are sharply negative in real terms.
Excluding NOCZIM, major public enterprises recorded losses of 1.7 and 2.4 percent of GDP in 2001 and 2002, respectively.
This figure actually refers to a loan currently being negotiated with an Indian financial institution. The loan is supposed to finance rural electrification and other infrastructure investments.
In 1999, the government gave a concession to a South African consortium for the 150 km long Beitbridge-Bulawayo route. In late 1999, the government signed a MOU with this consortium for concessioning the entire rail network. However, the MOU was later rescinded in the context of strong objections from the World Bank and other stakeholders.
ZISCO uses coal from Wankie Colliery Co. The coal is transported via a 700 km long dedicated rail line which is owned and operated by NRZ.