Mutare businessman buys Senatar

A Mutare-based transport operator, who used to have dilapidated buses took over Senatar Private Limited and Falcon Properties from Bulawayo-based entrepreneur, Andre Zietsman, in a deal that was finalised on Monday.

The acquisition gave Chinjekure Enterprises (Mr Isau & Roselyn Mupfumi) 100% control of the two Bulawayo-based bus companies. It is thought the deal costed $3m.

Under the deal, they take over the transport company, its immovable and movable assets, and the human resources.

The Mutare-based transporter has also acquired the company's complex along Plumtree Road in Bulawayo, including a terminus, butchery and supermarket.

The company has also taken over offices in Victoria Falls and at South Africa Park Station in Johannesburg and Grey's Service Station and a storage house in Bulawayo.

Prior to its acquisition, Senatar had a fleet of 10, 72-seater buses, 10 trucks, eight minibuses, 17 trailers, 22 bushmen trailers, 14 private vehicles as well as earthmoving equipment.