More than 50 small and medium enterprises that are renting space from the old premises of the Cold Storage Company were put out of business from last week when the Zimbabwe Electricity Supply Authority cut off power at the Bulawayo abattoir following the failure by CSC-Boustead Beef to pay its power bill. The 57 SMEs
The closure of the CSC-Boustead Beef Bulawayo abattoir last week for failing to pay its electricity bill was a slap in the face for Vice-President Constantino Chiwenga as he vowed that the CSC would never collapse again when he officially reopened the plant in August last year. Power was cut off on Monday after the
Boustead Beef, which entered into an agreement with the Zimbabwe government four years ago to revive the Cold Storage Company, seems to be more interested in the company’s assets than in reviving its operations. The assets are said to be worth about US$100 million today. Boustead Beef, which came in as a British investor but…