Investors feast on CSC carcass

Private investors have been swooping on some of the firm's assets.

Recently, Trek Petroleum, which has a much more visible footprint in the fuel sector, began leasing one of CSC's seven farms - Maphaneni ranch in Kezi, Matabeleland South.

Trek has invested an estimated US$1,6 million into the venture and acquired 1 700 cattle for the ranch.

Sunday Mail reported that the company's general manager, Mr Onias Sanangura, said: "For us to continue growing as a company, we realised that it is important to diversify from the petroleum market and try something new. We responded to an advert in the newspaper where CSC was seeking a partner and met all the requirements. Our investment was about US$1,7 million.

"We are in the process of partnering Arda at Doreen Spride Estate in Kadoma, where we will import 3 000 heifers from Namibia. We will import 300 head per month for the coming 10 months for the estate in Kadoma as we expand our investments in cattle.

"All our partnerships with these parastatals are for a duration of five years," said Mr Sanangura.

CSC was once one of Africa's largest meat processors, handling up to 150 000 tonnes of beef and associated by-products a year and exporting to the lucrative European market.

Private abattoirs have moved in to fill the void. The latest statistics show that the number of cattle slaughtered at CSC has gone down from 50 000 per month a few years ago to just under 1 000.

Most activities are confined to Bulawayo.

The Marondera and Kadoma abattoirs were allegedly vandalised/cannibalised and will require substantial investment to come back online; while other plants in Chinhoyi, Bulawayo and Masvingo have been mothballed.

In addition, export licenses to the EU have long lapsed.

From 1983 to 1987, CSC handled an estimated 500 000 cattle a year through the abattoirs and 250 000 cattle through the feedlots and cattle ranches.

The cattle finance scheme financed about 600 000 herd of cattle on commercial farms.

At its peak Zimbabwe export sales were: EU - 9 000 tonnes; Angola - 12 000 tonnes; Indian Ocean Islands - 3 000 tonnes; and Switzerland - 1 500 tonnes.

Meanwhile, other countries in the region are enjoying the beef trade.

In 2012 total beef and veal exports from Namibia amounted to 18 100 tonnes, with South Africa accounting for 70 percent of the total.

Exports from Botswana amounted to 16 400 tonnes, with South Africa accounting for 94 percent of these.

Agricultural and livestock experts have recommended restoration of the cattle finance scheme to provide farmers with long-term low interest terms under which to restock, formalisation of auction systems and re-fencing of commercial farms. Re-establishment of discipline and veterinary controls across the country for disease control are also crucial.