News / Local
Zupco forced to suspend operation
04 Jun 2024 at 07:52hrs | Views
The Zimbabwe Passenger Company (Zupco) has been forced to suspend operations due to a fuel shortage, despite the country having adequate fuel supplies.
This crisis, ongoing for three weeks, is attributed to managerial incompetence and political interference. Zupco's financial troubles include being blacklisted from purchasing fuel due to outstanding debts.
Insiders revealed that senior management misallocated resources, with top officials pocketing US$300 each for attending Zanu-PF rallies and diverting fuel meant for company use.
This mismanagement has left workers idle and buses grounded, while private operators have taken over some routes.
John Mangudya of the Mutapa Investment Fund, now overseeing Zupco, referred governance issues to the Zupco board, which has not responded to inquiries.
Zupco's challenges highlight issues of corruption, nepotism, and lack of professionalism within its leadership.
This crisis, ongoing for three weeks, is attributed to managerial incompetence and political interference. Zupco's financial troubles include being blacklisted from purchasing fuel due to outstanding debts.
Insiders revealed that senior management misallocated resources, with top officials pocketing US$300 each for attending Zanu-PF rallies and diverting fuel meant for company use.
This mismanagement has left workers idle and buses grounded, while private operators have taken over some routes.
John Mangudya of the Mutapa Investment Fund, now overseeing Zupco, referred governance issues to the Zupco board, which has not responded to inquiries.
Zupco's challenges highlight issues of corruption, nepotism, and lack of professionalism within its leadership.
Source - newsday
