THE Auditor General’s Report on Parastatal Bodies for the financial year ended 31st December 2024 has revealed that Zambia Railways Limited recorded operating losses in amounts totalling K315.4 million over 2023 and 2024. The Report also stated that there was funding gaps of K50.42 billion in 2020 and K43.88 billion in 2023, with pension assets covering only nine percent of future obligations in the Public Service Pension Fund. The Report also noted that TAZARA incurred maintenance costs of US$7.04 million and revenue losses of US$3.3 million as a result of 405 accidents. In a statement, Wednesday, Acting Auditor General Head of Public Relations Ellen Chikale stated that Auditor General Dr Ron Mwambwa said ZRL had persistent negative working capital exceeding...
