The City of Harare and its South African owned partners in ‘EasiPark‘, EasiHold (Pvt) Ltd, have reached an agreement to go their separate ways. This will see the City Council paying $274 000 as part of their parting terms.
Their relationship had gone sour from as far back as March 2014, with each party throwing accusations that the other had opened separate bank accounts and were diverting funds. EasiHold was also said to be in breach of contract, it was claimed, when they failed to supply the receipting terminals that the parking attendants use, but instead hired them from a South African based company passing the bill onto EasiPark, thus making no contribution to the partnership.
Though the deal brought sanity to the Capital’s streets in CBD, the two parties opted for an out of court settlement after going in and out of court a few times. So lucrative is the parking venture, at one time Government, through ZINARA, declared that they’d wanted to take over the management of the City’s parking spaces.
The City Council has since entered into a new deal with Park Rite Africa, a joint venture between some Israelis and some Zimbabweans, forming ‘City Parking’. Interesting to note, Park Rite Africa had no experience prior to this parking deal.