Business / Companies
ZMDC seeks $500,000 bailout
20 Aug 2015 at 11:48hrs | Views
ZMDC is seeking $500,000 in financing from local banks so that the State owned firm capitalizes its operations.
The company said it was seeking to channel the funds to its dormant mines.
This comes after an audit report by the Auditor-General expressed concern at the level of transparency in how ZMDC is funding dormant projects at the expense of other projects which offer a high return.
Source - dailynews
