December 22, 2024
CASH-strapped Bulawayo City Council (BCC), with a housing backlog of over 100 000, managed to service just over 1 000 residential stands in the just ended year owing to resource constraints. Bulawayo mayor Martin Moyo said at the beginning of 2014, the municipality was owed US$77,2 million but…
LANDLORDS are in the enviable position of being able to “pick and choose only quality tenants” and tenants seem to be taking their payment commitments more seriously than ever before, while the “Cape shines against risky Gauteng.” These are some of the findings of the Tenant Profile Network…
GOVERNMENT says construction of the Walvis Bay dry port facility, which had been delayed by lack of funding, has commenced with civil works already underway. The civil works are expected to be complete by June next year, according to a progress report on the implementation of the Zimbabwe…
A SHAREHOLDER in a real estate firm taken over by the property giant, Dawn Properties Limited (DPL) five years ago, has raised the red flag over the transaction, suggesting it could have been fraudulent. The shareholder of Lipthong Investments Private Limited, whose name has not been given, says…
MASHONALAND Holdings Limited unveiled a shock US$27 million loss for the full-year ended September 30, 2014, as chairman, Elisha Mushayakarara, announced extensive write-downs, which confirmed fears that the red lights flickering over the crashing property market could be on for some time. Mashholds, which saw revenues retreat by…
GOVERNMENT will do away with housing cooperatives soon after they have completed their current projects amid admission by Local Government Minister, Ignatius Chombo, that the model has failed to resolve Zimbabwe’s housing nightmares. The housing co-operatives emerged at the turn of the millennium to alleviate the shortage of…
THE Infrastructure Development Bank of Zimbabwe (IDBZ) says it will construct about 30 000 houses countrywide for low income earners in the next five years, as it moves to complement government efforts and other private sector initiatives aimed at reducing a national housing backlog that is now estimated…
IN its fresh impetus to arrest a difficult-to-tackle national housing backlog that has been growing at a terrific pace while the economy has been crumbling, the cash-strapped government has reached out to the banking sector and insurance firms for support. Government wants the lenders to unveil mortgage financing…
CEMENT manufacturer, PPC Zimbabwe Limited, is bracing itself against increased competition, which could challenge its market position in the country and the region. Managing director, Njombo Lekula, said PPC Zimbabwe was currently a dominant player in cement production, but its position could suffer from increased investment in the…
THE City of Harare says close to 1 000 new housing units have been built by CABS at a project in Harare’s Budiriro suburb, as Zimbabwe’s largest building society helps in efforts to reduce a huge housing backlog. In its 2015 budget statement presented last week, Harare said…
