RBZ re-tenders Homelink disposal

Reserve Bank Of Zimbabwe has re-tendered  the disposal of its 100% shareholding in Homelink (PVT) Limited as it sheds quasi-fiscal activities.

"Consistent  with the Reserve Bank of Zimbabwe Act (Chapter 22.15) which requires that Reserve Bank of Zimbabwe (RBZ) disposes of its assets not related to its core functions, the Reserve Bank hereby notifies the public that it intends to re-tender the disposal of its 100% shareholding in Homekink (PVT) LTD" the central bank said in a statement.

"Bidders wishing to acquire the asset under disposal must submit proof relating, but not limited to, nationality and residence of the bidder as well as demonstration of ability to pay for the asset".

The bidding process is open to all Zimbabweans citizens and locally registered companies as well as to foreigners and externally registered firms.

Homelink was the pet project of discredited RBZ governor Gideon Gono, which he formed at the height of Zimbabwe's foreign currency shortages. It has two divisions involved in money transfers and construction of houses, mainly targeted at those in the Diaspora.

June 30 as the deadline for the submission of bids but has moved it to July 16.

In 2011 the central bank announced plans to shed off the central banks quasi-fiscal operations and shareholding in seven companies to raise money to settle the banks debt.

The RBZ is also  due to dispose 58,75% shareholding in Tractive Power Holdings, 70% in Thuli Coal and 50% in Transload.

Reports also indicate that central bank has began divesting from troubled food manufacturer, Cairns Holdings.

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