External debt chokes NRZ

PHILLIMON MHLANGA   Embattled National Railways of Zimbabwe (NRZ) wants the government to immediately take over  a debt overhang amounting to US$38m owed to  various foreign creditors, Business Times can reveal. The parastatal is struggling to attract cash  for recapitalisation as the load of the debt -the principal amount plus interest- is one of the militating factors. In fact, NRZ…