CSC partners NSSA

CSC partners NSSA
Published: 25 September 2017
Plans are at an advanced stage to resuscitate the Cold Storage Commission here, with the National Social Security Authority (NSSA) partnering Government as the majority shareholder.

Modalities for the partnership are still being finalised following a decision by Cabinet to resuscitate the meat processing giant. This will see CSC Chinhoyi being operational by end of year, while the Bulawayo branch is already operating at a smaller scale. NSSA will have an 80 percent share in the arrangement, while Government takes up the remainder.

In an interview, Public Service, Labour and Social Welfare Minister Prisca Mupfumira said CSC's Chinhoyi branch would soon be operational once modalities including the business plan were finalised.

"Recently, a Cabinet decision was taken that NSSA should be involved in the resuscitation of the CSC where it will have 80 percent shareholding and Government will have 20 percent," said Minister Mupfumira.

"Modalities are in place now to come up with a business plan and resuscitate the operations of the Cold Storage Commission." With export certified facilities at the height of production, the Chinhoyi CSC branch's resuscitation would breath life into the town where it used to employ thousands of people.

"To begin with, we are focusing on CSC Bulawayo and Chinhoyi," said Minister Mupfumira. "As soon as we have the details from NSSA and Government who are involved in the arrangement, they will be made public. "I am not at liberty to divulge the figures involved, but we are definitely going to resuscitate CSC Chinhoyi."

CSC Chinhoyi had a European Union quota which used to earn the country foreign currency. The resuscitation of CSC comes as Government has introduced Command Livestock to aid nutrition and improve the country's herd.
- online
Tags: CSC,


Latest News

Latest Published Reports

Latest jobs