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The National Railways of Zimbabwe (NRZ) says it will auction its disused wagons and other obsolete metals which have become expensive to repair.
The auctions will be conducted by Desired Liaison Auctioneers at NRZ headquarters in Bulawayo as well as in Harare this week.
Newly appointed spokesperson, Andrew Kunambura, told State media that the proceeds from the public auction will be used to refurbish operating wagons and procurement of new ones. Said Kunambura:
<blockquote>
NRZ is a heavy user of metal, which is used in the manufacture of wagons and their respective components.
Some of these wagons were acquired many years ago and are obsolete. Once this happens, the wagons are scrapped and from time to time the NRZ sells this scrap metal.
However, this is the first time NRZ is disposing of its scrap metal through the public auction system.
Previously, the NRZ disposed of its scrap metal through the tender process.
It’s also the most transparent way of asset disposal as all bids are called out to all participants and award is done in full view of everyone.
Proceeds from the public auction will be used to refurbish wagons in use and procurement of new wagons.
Viewing will be done at least a day before the auction and since wagons are scattered along the railway line in various places within the country, viewing will be for just a sample, in Harare and Bulawayo.
Wagons will be sold using wagon number, estimated tonnage and location. Only ungraded scrap will be disposed of, which means it excludes wheels and axles as the organisation is intending to use the graded scrap for its induction furnace.
</blockquote>

Pindula News

NRZ To Auction Disused Wagons, Scrap Metal

Bulawayo City Council (BCC) has announced plans to auction several vehicles impounded by the city’s municipal police for various offences such as failure to pay parking fees.
According to the council’s latest minutes, the town planning department notified the council in a report that the impending auction would include various other confiscated items as well as abandoned and unclaimed vehicles. The town planning department report reads:
<blockquote>
The auction of the abandoned vehicles is done in terms of the Statutory Instrument 63 of 2015 (BCC Clamping and Tow-away) By-Laws, 2015, and the confiscated items were as per The Bulawayo (Protection of Lands and Natural Resources) Amendment By-Laws.
In terms of the said By-laws, it was procedural that these items were auctioned after the expiry of the ninety days when the vehicles were unclaimed and in the Council Storage Yard. These vehicles accrued daily storage fees in addition to the tickets and tow-away fees that would have been charged to some of the vehicles.
Council shall deduct the applicable penalties, storage fees, auction commission fees, tow away fees, Vat and any other charges related to the handling or keeping of the items before and after the advert or auction, from the proceeds of the sale of the motor vehicle and any balance shall be paid to the owner upon written request within thirty days from the date that such request was submitted.
The balance of the monies shall be kept in a special account so created for this purpose, and any money not claimed within one year after the sale of the motor vehicle (unclaimed items) shall be forfeited to the Council. With respect to the confiscated items, a notice shall be published to dispose of these items,
</blockquote>
Council advised owners of all impounded vehicles and confiscated items to claim their property within 30 days or risk losing them through an auction scheduled to be held between July and August.
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Bulawayo City Council Announces Plans To Auction Impounded Vehicles

The foreign exchange weighted average rate has fallen to US$1: ZWL$165.9942 from US$1: ZWL$159.3482 which was reported by the Reserve Bank of Zimbabwe (RBZ) on 26 April.
At this week’s forex auction conducted on 03 May, a total of US$28.6 millionwas allotted. The bulk of the allotment went to raw materials followed by machinery and equipment, the same as last week.
1 151 bids were received on the Small to Medium enterprises forex auction, with 1 082 accepted and 69 disqualified. The total number of bids allotted was 1 082.
On the main forex auction, a total of 474 bids were received, 429 were accepted and 45 were disqualified. The total number of bids allotted was 429.
The RBZ said bids with overdue CDIs, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified.
Some bids were also allotted on a pro-rata basis.
<table>
<tbody>
<tr>
<td title="Character Accurarcy=99.66">Number of Bids Received :</td>
<td title="Character Accurarcy=99.24">1151</td>
</tr>
<tr>
<td title="Character Accurarcy=99.29">Number of Bids Disqualified :</td>
<td title="Character Accurarcy=99.96">69</td>
</tr>
<tr>
<td title="Character Accurarcy=99.64">Total Number of Bids Accepted :</td>
<td title="Character Accurarcy=99.97">1082</td>
</tr>
<tr>
<td title="Character Accurarcy=99.59">Total Number of Bids Allotted :</td>
<td title="Character Accurarcy=99.9">1082</td>
</tr>
<tr>
<td title="Character Accurarcy=99.63">Total Value of Bids Accepted :</td>
<td title="Character Accurarcy=98.43">USD4,579,271.64</td>
</tr>
<tr>
<td title="Character Accurarcy=99.42">Amount Allotted :</td>
<td title="Character Accurarcy=97.84">USD4,579,271.64</td>
</tr>
<tr>
<td title="Character Accurarcy=99.5">Highest Rate Received :</td>
<td title="Character Accurarcy=99.59">240.0000</td>
</tr>
<tr>
<td title="Character Accurarcy=99.53">Lowest Bid Rate Allotted :</td>
<td title="Character Accurarcy=99.52">155.0000</td>
</tr>
<tr>
<td title="Character Accurarcy=99.62">Weighted Average Rate :</td>
<td title="Character Accurarcy=99.81">165.9942</td>
</tr>
</tbody>
</table>
<table>
<tbody>
<tr>
<td title="Character Accurarcy=99.87">PURPOSE</td>
<td title="Character Accurarcy=98.81">AMOUNT ALLOTTED SME AUCTION</td>
<td title="Character Accurarcy=99.75">AMOUNT ALLOTTED MAIN AUCTION</td>
</tr>
<tr>
<td title="Character Accurarcy=99.95">Raw Materials</td>
<td title="Character Accurarcy=99.84">1,206,244.02</td>
<td title="Character Accurarcy=99.59">11,325,102.37</td>
</tr>
<tr>
<td title="Character Accurarcy=99.97">Machinery and Equipment</td>
<td title="Character Accurarcy=99.91">1,598,573.38</td>
<td title="Character Accurarcy=99.93">6,120,869.88</td>
</tr>
<tr>
<td title="Character Accurarcy=98.98">Consumables (Incl. Spares, Tyres, Electricals, etc)</td>
<td title="Character Accurarcy=99.91">581,984.96</td>
<td title="Character Accurarcy=99.79">1,532,512.07</td>
</tr>
<tr>
<td title="Character Accurarcy=97.65">Services (Loans, Education, Dividends, Disinvestments, etc)</td>
<td title="Character Accurarcy=99.89">541,832.93</td>
<td title="Character Accurarcy=99.84">1,686,903.52</td>
</tr>
<tr>
<td title="Character Accurarcy=98.61">Retail and Distribution (Incl. Food, Beverages, etc)</td>
<td title="Character Accurarcy=99.88">340,436.92</td>
<td title="Character Accurarcy=99.8">1,495,432.16</td>
</tr>
<tr>
<td title="Character Accurarcy=99.96">Electricity</td>
<td title="Character Accurarcy=98.31">17,617.97</td>
<td title="Character Accurarcy=99.66">21,973.60</td>
</tr>
<tr>
<td title="Character Accurarcy=99.76">Pharmaceuticals and Chemicals</td>
<td title="Character Accurarcy=99.53">162,982.00</td>
<td title="Character Accurarcy=99.81">1,265,094.94</td>
</tr>
<tr>
<td title="Character Accurarcy=99.93">Paper and Packaging</td>
<td title="Character Accurarcy=99.81">129,599.46</td>
<td title="Character Accurarcy=99.84">622,569.09</td>
</tr>
<tr>
<td title="Character Accurarcy=99.88">TOTAL</td>
<td title="Character Accurarcy=99.87">4,579,271.64</td>
<td title="Character Accurarcy=99.88">24,070,457.63</td>
</tr>
<tr>
<td title="Character Accurarcy=99.77">GRAND TOTAL AWARDED</td>
<td title="Character Accurarcy=99.91">28,649,729.27</td>
</tr>
</tbody>
</table>
<h4>More: <a href="https://zero.pindula.co.zw/">Pindula News</a></h4>

RBZ Forex Auction Results – 03 May 2022

The local currency has further depreciated against the US dollar at <a href="https://www.pindula.co.zw/Reserve_Bank_of_Zimbabwe">the Reserve Bank of Zimbabwe (RBZ)</a> foreign currency (forex) auction conducted on Tuesday, 8 March 2022.
This week the weighted average was US$1: ZWL$130.1567 down from the 1 March 2022 rate that stood at US$1: ZWL$127.4864.
In total, US$35.8 millionwas allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment, the same as last week.
936 bids were received on the Small to Medium enterprises forex auction, with 865 accepted and 71 disqualified. The total number of bids allotted was 778.
On the main forex auction, a total of 410 bids were received, 377 were accepted and 33 were disqualified. The total number of bids allotted was 355.
The RBZ said bids with overdue CDIs, outstanding Bills of Entry (BOEs), and those with sufficient FCA balances were also disqualified.
Some bids were also allotted on a pro-rata basis.
<h4>More: <a href="https://zero.pindula.co.zw/">Pindula News</a></h4>

RBZ Forex Auction Results – 08 March 2022

Former President Robert Mugabe’s Gushungo Dairies is facing financial hardships since the nonagenarian’s ouster in November 2017.
As a result, several vehicles from the dairy are set to be auctioned on Saturday, May 11.
Some of the vehicles to go under the hammer at Ruby Auctions include Toyota Hiluxes, Toyota Corolla, Toyota Carina, Honda Fit, Ford Ranger, Mitsubishi, Nissan Hardbody, Mazdas, Isuzus, and motorcycles, among other vehicles.
<img alt="" class="aligncenter" decoding="async" height="917" loading="lazy" src="https://pbs.twimg.com/media/D6HuVs-XsAAeOGw.jpg" width="518"/>

Mugabe's Vehicles To Be Auctioned

Revelations Auctioneers will be auctioning off seven vehicles including a refuse truck belonging to Chitungwiza Municipality after the local authority failed to settle a debt owed to its former employees. The workers did not get their termination packages despite being retrenched 3 years ago. This forced them to seek recourse at the High Court which ruled in their favour.
The vehicles which will be auctioned are as follows:
<ul>
<li>Toyota Fortuner (ADR 1383)</li>
<li>Nissan Hardbody NP300</li>
<li>Toyota Hilux double-cab (AAE 7098)</li>
<li>Land Rover (AEB 6132)</li>
<li>CK UD Truck (AAE 5899)</li>
<li>Toyota Hilux (ADR 4943) and</li>
<li>Foton double-cab (AAE 7103).</li>
</ul>
More: <a href="https://www.newsday.co.zw/2017/07/18/chitungwiza-set-lose-7-vehicles-former-employees/">NewsDay</a>

Chitungwiza Municipality to lose 7 vehicles to settle debt to former employees

The Vehicle Inspection Department (VID) has warned that it will auction off at least 375 cars if the vehicles are not claimed by the end of next month. There are 106 cars in Harare, while Bulawayo has 64 cars. According to a notice in the Government Gazette,
<blockquote>If the motor vehicles and motor vehicle parts, particulars which are given in the schedule are not claimed and removed from the VID depots on or before July 30, 2017; they will be sold by the public auction.</blockquote>
More: <a href="http://www.sundaymail.co.zw/vid-to-sell-unclaimed-cars/">Sunday Mail</a>

VID to auction unclaimed cars end of July

In an embarrassing turn of events, property belonging to the club as well as to current and former club officials was attached, and will be going under the hammer conducted by LM Auctioneers in Southerton.  <a href="http://www.pindula.co.zw/CBZ_Holdings" target="_blank">CBZ Bank Limited</a> is seeking to a recover a debt of $250 000 which they are owed by <a href="http://www.pindula.co.zw/Dynamos_FC" target="_blank">Dynamos</a>.
Club chairman <a href="https://www.pindula.co.zw/Kenny_Mubaiwa">Kenias Mubaiwa</a> told the Daily News that:
<blockquote>We were paying at g10 000  every month to service the loan  when we assumed office.   We paid close to $200 000 but all the money was going towards the interest.  As I said before the economy is not performing well and we reached a stage where we could not pay that monthly installment hence the attachment of the property.  CBZ has records of our payment.</blockquote>
More: <a href="https://www.dailynews.co.zw/articles/2016/11/03/dembare-property-to-be-auctioned" target="_blank">Daily News</a>

Dynamos' property to go under the hammer over CBZ debt.

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