Cold Storage Company (CSC – newzimbabwevision

‘Eighty Parastatals Are Not Making A Profit’ – Mabvuku Tafara MP James Maridadi

Posted on October 31, 2015October 31, 2015 by newzimbabwevision

MABVUKU-TAFARA MP James Maridadi has said Zimbabwe’s parastatals were not generating any profits hence that was a sign that the country’s economy was not functioning properly. “There is something in Corporate Strategy, which is called ‘root cause analysis’. What it means is that when you see a problem and you want to deal with the problem, you do what is called an analysis of the root cause of that problem,” he said. …

‘Gvt blocks US$80million investment into CSC once Africa’s largest meat processor’

Posted on June 24, 2015June 24, 2015 by newzimbabwevision

THE state-owned meat processor, the Cold Storage Company (CSC), says it has secured an investor to inject $80 million into its struggling business but government is withholding approval, demanding a forensic audit to ascertain the state of the company. CSC, at one time the largest meat processor in Africa, handled up to 150,000 tonnes of beef and associated bi-products a year and exporting beef to the European Union. Mismanagement and persistent outbreaks of foot and…