Boustead Beef BOT Terms
www.herald.co.zw May 15, 2019
Boulstead Beef (Pvt) Limited BOT Terms: - Raise and invest a minimum of $130 million into CSC over five years, being for both capital expenditures and working capital for the business; - Pay off CSC financial debts totalling US$42 530 597; - Pay rentals of US$100 000 per annum during the first five years of the concession agreement; - Take over and run the management of the following CSC ranches for an initial period of 25 years: Maphaneni; Dubane; Umguza; Chivumbuni; Mushandike; Willsgrove; and Darwendale; - Take over and run the management of the following abattoirs for an initial period of 25 years: Bulawayo; Chinhoyi; Masvingo; Marondera; and Kadoma; and - Take over and manage for an initial period of 25 years, the Harare, Gweru and Mutare distribution centres and residential properties of CSC.