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CSC, Boustead Beef deal sparks court battle
The Cold Storage Company (CSC) has officially terminated its partnership with Boustead Beef, leading to legal action, according to Lands, Agriculture, Fisheries, Water and Rural Development Minister, ...Published: 21 Oct 2024 at 07:42hrs | 235 | by Staff reporter
Kudenga, Masunda bid to grab Oliver Chidawu's estate flops
Attempts by chartered accountant Ngoni Kudenga and former Harare Mayor Muchadeyi Masunda to grab late former Harare Metropolitan Affairs and Devolution minister Oliver Chidawu's estate have been stopp...Published: 05 Oct 2024 at 12:09hrs | 488 | by Staff reporter
GWM Tanks invade Zimbabwe
AS Zimbabwe's automotive landscape continues to evolve, the vehicle that has captured my attention, as well as that of driving enthusiasts, is the GWM Tank 500. It has invaded Zimbabwe, courtesy of Zi...Published: 16 Aug 2024 at 13:31hrs | 10438 | by Andrew Muzamhindo
Zimbabwe govt terminates CSC deal
The Zimbabwean government has terminated a US$130 million joint venture (JV) agreement with British investor Boustead Beef, which was intended to revive the Cold Storage Company (CSC). This decision c...Published: 16 Aug 2024 at 13:27hrs | 1867 | by Staff reporter
Cattle destocking frenzy in motion
A cattle destocking frenzy is in motion with a number of abattoirs getting an overwhelming supply of cattle, resulting in some suspending slaughtering as farmers have started laying off stock in...Published: 24 Mar 2024 at 14:58hrs | 16 | by Staff reporter
CSC takeover deal hits fresh turbulence
COLD Storage Company (CSC) corporate rescue practitioner has filed an urgent High Court application seeking the suspension of a Livestock Farming Concession Agreement (LFCA) signed between government ...Published: 02 Jul 2023 at 07:44hrs | 8 | by Staff reporter
Revived CSC fast gaining traction
THE revived Cold Storage Company (CSC), now CSC-Boustead Beef Zimbabwe, is fast gaining traction among stakeholders amid increasing business orders, as more players in the meat value chain utilise the...Published: 12 Jan 2023 at 07:23hrs | 28 | by Staff Reporter
CSC Boustead Beef Zimbabwe strikes gold in US
MEAT processor, CSC Boustead Beef Zimbabwe has struck a partnership agreement with United States-based Ethos asset management Inc in an arrangement that will see the American firm providing capital in...Published: 04 Nov 2022 at 05:36hrs | 1 | by Staff reporter
Mnangagwa son-in-law linked to attempt to seize CSC cold chain facility
Cold Storage Company (CSC) management in Harare is battling to ward off attempts by a close friend of President Mnangagwa's son-in-law Gerald Mlotshwa to seize control of a refurbished cold-chain faci...Published: 14 Sep 2022 at 06:05hrs | | by Staff reporter
Chiwenga duped
The Cold Storage Company in Bulawayo remains closed, despite a grand "official re-opening" by Vice President Constantino Chiwenga on August 22, ZimLive can reveal.Chiwenga, then the acting pre...Published: 09 Sep 2022 at 19:57hrs | 1 | by Staff reporter
Zimbabwe on alert for measles outbreak
Cabinet received an update on the Country‘s Response to the Covid-19 pandemic, and a report on the procurement and roll-out of vaccines, as presented by the Chairman of the National Covid-19 Inter-M...Published: 24 Aug 2022 at 06:36hrs | | by Staff reporter
Chiwenga praises Boustead Beef
BOUSTEAD Beef, a firm that is currently undertaking the revival of the Cold Storage Company (CSC), has so far pumped in US$24 million into the business, which is a complete violation of the Livestock ...Published: 20 Aug 2022 at 17:05hrs | 3 | by Staff reporter
Zanu-PF supporters go hungry and angry at Bulawayo beef company event
SCORES of Zanu-PF supporters, who attended the official re-opening of Boustead Beef Cold Storage Company (CSC) plant in Bulawayo Thursday, left the venue hungry and angry after the organisers of the e...Published: 19 Aug 2022 at 06:51hrs | 1 | by Staff reporter
Chiwenga shoots first beast in the resuscitation of CSC
THE revamped Cold Storage Company(CSC)-Boustead Beef factory, which resumed operations yesterday after 22 years of closure, will never be allowed to collapse again as its re-opening is anchored on ren...Published: 19 Aug 2022 at 06:41hrs | 1 | by Staff reporter
Brawl over CSC turns nasty
A nasty brawl between new investor in Cold Storage Company (CSC) and the judicial manager, which threatens to scupper current initiatives to revive the once-vibrant meat processor, has emerged, The Su...Published: 01 May 2022 at 11:05hrs | 2 | by Staff reporter
Money heist at CSC pension fund
THE Cold Storage Company (CSC)'s pension fund has been rocked by a scandal involving some former top executives, who are allegedly implicated in the spiriting away of millions of United States dollars...Published: 08 Apr 2022 at 12:11hrs | 8 | by Staff reporter
Major component installed at CSC Bulawayo plant
THE installation of one of the major components at the CSC Boustead Beef Zimbabwe Bulawayo plant, the condenser has begun with engineers optimistic that it will be up and running in April. The...Published: 27 Feb 2022 at 07:30hrs | 2 | by Staff reporter
ED's penchant for dodgy deals ruins economy
PRESIDENT Emmerson Mnangagwa's penchant for dodgy deals from businesspersons and shady companies was once again brought into the spotlight this week after the government awarded Lithunian printing com...Published: 18 Dec 2021 at 11:23hrs | 10 | by Staff Reporter
Subdued trade fair mirrors state of the country
AN old Zimbabwe International Trade Fair (ZITF) flag flutters at the entrance outside the exhibition grounds in Bulawayo. The sun-burnt and worn flag has clearly seen better days and maybe should have...Published: 23 Sep 2021 at 06:22hrs | 7 | by Staff reporter
Mining destroys CSC ranches
Some mining activities have left a trail of destruction at the Cold Storage Company (CSC)'s ranch and feed lot in Darwendale where the company used to keep at least 25 000 cattle. Mining compa...Published: 26 Aug 2021 at 06:32hrs | 1 | by Staff reporter
Mnangagwa's penchant for dodgy companies astonishing
PRESIDENT Emmerson Mnangagwa's appetite for opaque deals from shady shelf companies and dodgy businesspersons was once again brought into the spotlight this week after British-registered Coven Energy ...Published: 14 Aug 2021 at 18:26hrs | 4 | by Staff reporter
CSC investor starts abattoir refurbishment
UNITED Kingdom-based Cold Storage Commission (CSC) investor, Boustead Beef Limited, last week began refurbishing the company's abattoir in preparation for its re-opening, Southern Eye can reveal....Published: 12 Jul 2021 at 07:42hrs | 2 | by Staff reporter
Govt delays bungle US$150m solar deal
A US$150 million solar power plant deal is facing collapse after prolonged bureaucratic delays frustrated the investor, who top government officials say is now considering pulling out and suing for lo...Published: 02 Jul 2021 at 19:40hrs | | by Staff reporter
CSC in bid to recoup US$34m debt
COLD Storage Company (CSC) corporate rescue manager Vonani Majoko is planning to institute legal action against the parastatal's debtors to recoup an estimated US$34 million owed it by mostly Zanu-PF ...Published: 07 May 2021 at 06:35hrs | 1 | by Staff reporter
Zanu-PF bigwigs' debts choke CSC
A Cold storage Company (CSC) debtors' list shows that Zanu-PF top officials renting the parastatal's farms owe hundreds of thousands of dollars to the ailing company, with revenue collections dropping...Published: 16 Apr 2021 at 08:03hrs | 1 | by Staff reporter
Top Zimbabwean auditors face probe
THE Institute of Chartered Accountants of Zimbabwe (ICAZ) has given in to pressure to investigate owners of audit firm BdO Zimbabwe over allegations of unprofessionalism.The investigation will...Published: 04 Apr 2021 at 09:47hrs | 8 | by Staff reporter
Zanu-PF bigwigs in fresh trouble
THE Zimbabwe Anti-Corruption Commission (Zacc) has launched a fresh investigation into allegations that Zanu-PF bigwigs unjustly benefited from lengthy leases from the ailing Cold Storage Company (CSC...Published: 01 Apr 2021 at 07:27hrs | 1 | by Staff reporter
Pensions scandal rocks CSC
Former managers and ex-board members of the Cold Storage Company (CSC) spirited away millions of dollars from the company's pension fund – magnifying the rot in State owned enterprises and parastata...Published: 12 Feb 2021 at 05:40hrs | 2 | by Staff reporter
Govt probes CSC investor
A PROBE into the operations of a firm that clinched the deal to revive the Cold Storage Company (CSC) two years ago kicked off in December, with Lands, Agriculture, Water and Rural Resettlement minist...Published: 29 Jan 2021 at 07:01hrs | 1 | by Staff reporter
CSC deal under scrutiny
THE Government says the corporate rescue proceedings being implemented on the Cold Storage Company (CSC), among other issues seeks to examine Boustead Beef operations and capacity to revive operations...Published: 27 Jan 2021 at 05:55hrs | 1 | by Staff reporter
Consortium secretly inspects CSC assets
FRESH details have emerged revealing how a consortium of local industrialists and companies - CSC (2016) - is angling to take over the defunct Cold Storage Company (CSC) through a US$225 million bid....Published: 22 Jan 2021 at 06:48hrs | 1 | by Staff reporter
Local firms vie for CSC
A CONSORTIUM of local companies and industrialists are seeking to seize a 75% stake in the defunct Cold Storage Company (CSC) after tabling a US$225 million investment proposal to the government....Published: 15 Jan 2021 at 07:46hrs | 5 | by Staff reporter
John Nkomo, Msika feast on CSC from the grave
THE late Vice-Presidents John Landa Nkomo and Joseph Msika are some of the beneficiaries of "questionable" long-term Cold Storage Commission (CSC) lease agreements beyond the company's specified tenur...Published: 23 Dec 2020 at 07:12hrs | 1 | by Staff reporter
Govt considering placing CSC under reconstruction
THE Government is considering placing the Cold Storage Company (CSC) under reconstruction in order to bring the entity back on its feet as it is taking long to resuscitate the entity.The recon...Published: 29 Sep 2020 at 05:29hrs | 1 | by Staff Reporter
Zimbabwe to revoke CSC, Boustead Beef agreement
Lands, Agriculture, Water and Rural Resettlement Minister, Dr Anxious Masuka, said Government was set to revoke an agreement between Cold Storage Company with its partner, Boustead Beef, after it fail...Published: 10 Sep 2020 at 06:47hrs | 2 | by Staff reporter
CSC installs $9m solar plant
COLD Storage Company (CSC)-Boustead Beef Zimbabwe wants to install modern technology, including a 3MW solar project at its Bulawayo headquarters before it resumes operations to address some of the ope...Published: 02 Sep 2019 at 07:33hrs | 2 | by Staff reporter
CSC in massive solar project
COLD Storage Company (CSC)-Boustead Beef Zimbabwe has entered into a strategic partnership with Econet's subsidiary, Distributed Power Africa (DPA), which will see all of the country's meat processor ...Published: 07 Jul 2019 at 21:08hrs | 1 | by Staff reporter
CSC revival shifts gear up
Government's planned revival of giant meat processor - Cold Storage Company (CSC) - through Bousted Beef Zimbabwe, has reached an advanced stage following revelations that CSC recently received 2 000 ...Published: 30 Jun 2019 at 08:59hrs | 2 | by Staff reporter
Country risk, perception major weakness for Zimbabwe
THE Cold Storage Company (CSC) has been in the news recently following the announcement of its new partner by the government. Boustead Beef was recently unveiled as the new partner for the state-owned...Published: 31 May 2019 at 07:57hrs | 1 | by Staff reporter
Mnangagwa has little to show for $27bn
When Emmerson Mnangagwa took over the leadership of Zimbabwe from Robert Mugabe in November 2017, he promised to revive the moribund economy and adopted a mantra he's repeated regularly ever since —...Published: 22 May 2019 at 10:44hrs | 2 | by Bloomberg
Zimbabwe's beef industry stampedes back to life
After more than a decade in limbo, beef farmers are back in business Zimbabwe's famed beef industry, which collapsed in the 2000s following outbreaks o...Published: 15 May 2019 at 20:50hrs | 3 | by Ray Mwareya
UK beef giant takes over CSC
CABINET has approved a joint venture between the Cold Storage Company (CSC) and a United Kingdom firm, Boulstead Beef (Pvt) Limited, which will see the investor injecting US$130 million into the meat ...Published: 15 May 2019 at 07:28hrs | 5 | by Staff reporter
Mashonaland hay for Matebeleland cattle
EFFORTS are being made to move hay from Mashonaland region to the southern part of the country so as to save livestock in these areas from succumbing to the effects of drought, an official said....Published: 05 May 2019 at 09:48hrs | 1 | by Staff reporter
Investor injects US$400m into CSC
ONE of the biggest companies in the country, Cold Storage Company is back to life following an affirmed massive capital injection of US$400 million that will be spread over the next five years by its ...Published: 10 Mar 2019 at 09:03hrs | 1 | by Staff reporter
$130m CSC deal backfires
THE decision by government to go it alone in negotiating a US$130 million Cold Storage Company (CSC) deal with a foreign firm without involving the meat processor's board in scrutinising the package h...Published: 07 Dec 2018 at 06:05hrs | 1 | by Staff reporter
Shiri explains CSC $130m deal
LANDS, Agriculture, Water, Climate and Rural Development Minister, Retired Air Marshal Perrance Shiri, yesterday opened up on the $130 million Cold Storage Company (CSC) joint venture recapitalisation...Published: 20 Nov 2018 at 05:45hrs | 1 | by Staff reporter
WATCH: Mnangagwa approves 11 projects worth $5.3 billion
The Chief Secretary to the President and Cabinet circulated for the information of Cabinet a list of eleven projects which have been approved by His Excellency the President for immediate impleme...Published: 13 Nov 2018 at 16:21hrs | 8 | by Staff reporter
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