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Bulawayo lawyer, Vonani Majoko, who was the corporate rescuer of the Cold Storage Company for more than a year until he was removed on 7 January last year, says he could not revive the beef company because he had no funds except the paltry rentals he got from CSC properties. Majoko came under fire from ....
Boustead Beef can no longer decide the revival plan for the Cold Storage Company alone as the company is now under corporate rescue so the future has to be decided by all stakeholders. This was said by the interim corporate rescue practitioner Vonani Majoko who said he still had to get the order confirming his ....
The placement of the Cold Storage Company under a corporate rescue plan to facilitate its revival has raised one fundamental question: Where does Boustead Beef, the British company that had promised to invest US$130 million into the operation, fit in? Another crucial question is: Is the government rescuing the CSC or Boustead Beef? The government ....
Boustead Beef, which entered into a US$130 million joint venture agreement with the government to revive the Cold Storage Company at the beginning of 2019, blocked Ngoni Kudenga who was appointed the company’s corporate rescue practitioner in December last year from accessing the CSC’s financial records. Instead, the Boustead Beef with the help of lawyer ....
Members of a sub-committee appointed by Bulawayo Provincial Affairs and Devolution Minister Judith Ncube to look into what is stalling the turnaround of the Cold Storage Company, which was placed under a corporate rescue plan in December 2020, were locked out of the CSC offices and had to meet in the car park. The CSC, ....