Governance SOE REFORMS

CSC December 7, 2017
In progress
Apr 2018

Govt scouts for fresh CSC investors April 23, 2018

Government is scouting for fresh investors to revive operations at the ailing CSC. According to sources a joint venture proposal by Swiss and UK investors to revive the CSC is set to be finalised by end of month.

Feb 2018

NSSA pumps $20m into CSC plant revival February 21, 2018

NSSA has unveiled a $20 million loan facility to recapitalise the CSC in Masvingo Industrial Area.The CSC’s beef processing plant has been lying idle for the past 12 years. Over 500 direct jobs are expected to be created once the plant starts operating.

Dec 2017

NSSA to acquire 80 percent of CSC December 07, 2017

In a quarterly update issued last week, NSSA chairman Robert Vela said the cash-rich statutory fund had started conducting a due diligence probe into CSC, which would lead to the capital injection.