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

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

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…

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