News / Local
Dimaf 'too' little to revive ailing Bulawayo companies
03 Jul 2012 at 06:08hrs | Views
Simon Khaya Moyo, Zanu-PF chairman, says the $40 million set aside by government under the Distressed and Marginalised Areas Fund (Dimaf) is 'too little' to revive ailing Bulawayo companies.
Addressing party supporters in Makokoba suburb on Sunday, Moyo said the amount could be gobbled up by one company.
"The $40 million rescue package for Bulawayo companies is just too little because as it is, big companies like Dunlop need at least $40 million to help aid their recovery," he said.
Khaya Moyo said there are also companies like the Cold Storage Company (CSC), Textile Mills, National Blankets, and the National Railways of Zimbabwe (NRZ) which needed to be revived using such little money.
Khaya told supporters that the purse was not being held by Zanu-PF. He questioned why it was failing and also said people need to realise that Zanu-PF is not the problem when it comes to reviving the city of Bulawayo.
Moyo said Zanu-PF was pro-development and wanted people to regain their jobs.
The late disbursement of the money had taken a political angle with politicians from different parties blaming each other for derailing the project.
Industry and Commerce minister Welshman Ncube (MDC) recently accused Finance minister Tendai Biti of holding on to the fund to discredit the former.
Addressing party supporters in Makokoba suburb on Sunday, Moyo said the amount could be gobbled up by one company.
"The $40 million rescue package for Bulawayo companies is just too little because as it is, big companies like Dunlop need at least $40 million to help aid their recovery," he said.
Khaya Moyo said there are also companies like the Cold Storage Company (CSC), Textile Mills, National Blankets, and the National Railways of Zimbabwe (NRZ) which needed to be revived using such little money.
Khaya told supporters that the purse was not being held by Zanu-PF. He questioned why it was failing and also said people need to realise that Zanu-PF is not the problem when it comes to reviving the city of Bulawayo.
Moyo said Zanu-PF was pro-development and wanted people to regain their jobs.
The late disbursement of the money had taken a political angle with politicians from different parties blaming each other for derailing the project.
Industry and Commerce minister Welshman Ncube (MDC) recently accused Finance minister Tendai Biti of holding on to the fund to discredit the former.
Source - newsday
