Expedite RTGS$30million for looted firms’

21 Apr, 2019 - 00:04 0 Views
Expedite RTGS$30million for looted firms’ Burnt and looted Choppies shops

The Sunday News

THE Confederation of Zimbabwe Retailers (CZI) wants Government to expedite modalities of disbursing the RTGS$30 million facility designed to bail out distressed firms, including those that were looted dry by opposition hooligans during the January disturbances.

Government set up the RTGS$30 million fund to help businesses reconstruct and restock.

Bulawayo businesses were largely impacted by the demonstrations as looters tore through grocery shops and butcheries, even if they were closed, and looted almost all of the stock.

Some of the affected businesses are yet to reopen while others are struggling to find their feet amid reports there are some businesses that might rise again.


 The All Share index closed the week stronger at 126.28 points after gaining 0.31 points 0,25 percent. Old Mutual Limited led the movers with a $0,0492 increase to close at $8,3512, NMB rose by $0,0300 to $0,2400 while Delta was $0,0250 firmer at $2,3129. Other counters to advance include Turnall which was $0,0110 stronger at $0,0660 and Padenga which traded $0,0050 stronger at $1,0500.

Trading in the negative was Fidelity Life which dropped $0,0176 to settle at $0,0704, Zimpapers eased $0,0170 to end at $0,068 and Ok Zimbabwe was $0,0029 down at $0,2205. SeedCo also retreated by $0,0025 to end at $1,4325 and Zimre Holdings traded $0,0014 weaker at $0,0250.

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