First it was the former Cold Storage Company workers who were to blame for its failure to revive the company because they had sabotaged its operations and stripped company assets. Now it is the former corporate rescuer Vonani Majoko who is to blame because he is allegedly pocketing all the rentals from CSC properties. To
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
CSC-Boustead Beef, which only at the beginning of this month said it would be resuming beef exports this quarter, has been shut down after its electricity was cut off for non-payment. The company’s management could not be reached for comment but sources said power was cut off on Monday paralysing the limited operations that were
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…
The Cold Storage Company made a surplus of US$5 445 during the period that it was under corporate rescue but this was only 30% of its potential, according to a report that was filed by the corporate rescuer Vonani Majoko in August. The report was for the period from 1 April 2021 to 7 July…