BUSINESS NEWS

Command livestock to ensure CSC revival

GOVERNMENT is anchoring the revival of the Cold Storage Company (CSC) on Command Livestock, with emphasis on artificial insemination, which has a 60 percent success rate for a new breed of bulls and h...

By Staff reporter | Published: 4 hours ago

BUSINESS NEWS

CSC recapitalisation deal edges close

THE Cold Storage Company (CSC) recapitalisation deal is expected to be finalised early next month, Lands, Agriculture and Rural Resettlement deputy minister, Davis Marapira has said.Marapira told News...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

Govt identifies investors for CSC

Government has identified several investors willing to fund the resuscitation of the Cold Storage Company amid reports that at least $100 million was required to bring the parastatal back on its feet....

By Staff reporter | Published: 07 May 2018

BUSINESS NEWS

Zimbabwe scouts for fresh CSC investors

GOVERNMENT is scouting for fresh investors to revive operations at the ailing Cold Storage Company (CSC) as part of measures to stimulate economic growth and create jobs, a Cabinet Minister said.CSC i...

By Staff reporter | Published: 23 April 2018

BUSINESS NEWS

Govt urged to prioritise CSC revival

GOVERNMENT should fast track the revival of the Cold Storage Company (CSC) to stimulate growth of the leather industry and ensure increased contribution to the economy, players in the sector have said...

By Staff reporter | Published: 16 April 2018

BUSINESS NEWS

CSC market share shrinks

THE ailing Cold Storage Company (CSC)'s market share has shrunk, with the company processing 2% of the country's 300 000 slaughter levels per annum, an official has said.Responding to questions from d...

By Staff reporter | Published: 10 April 2018

INDUSTRIALS & ENERGY

Mnangagwa to tour CSC Masvingo unit

PRESIDENT Emmerson Mnangagwa will in the next few weeks visit the Cold Storage Company (CSC) unit in Masvingo and also tour the defunct Mashaba Mine in Mashava, a senior ruling party official has sai...

By Staff reporter | Published: 06 April 2018

LANDS & AGRICULTURE

CZI pushes for CSC revival

The Confederation of Zimbabwe Industries (CZI) Masvingo chapter says the government should prioritise the recapitalisation of the Cold Storage Commission (CSC) as many downstream industries stand to b...

By Staff reporter | Published: 13 February 2018

BUSINESS NEWS

NSSA seeks to revive CSC

The National Social Security Authority (NSSA) is targeting to release the approved US$18 million investment by March towards the revival of Cold Storage Company (CSC). The development comes after Gove...

By Staff reporter | Published: 08 January 2018

INDUSTRIALS & ENERGY

NSSA to acquire 80% of CSC

THE National Social Security Authority (NSSA) will take up 80 percent equity in the Cold Storage Company, injecting a reported $20 million, as it embarks on the resuscitation of the stricken meat proc...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

NSSA eyes CSC equity

THE National Social Security Authority (NSSA) says its $18 million investment deal to revive Cold Storage Company (CSC) was on course, with positive engagements underway that will culminate in the eve...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

CSC partners NSSA

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 ...

By Staff reporter | Published: 25 September 2017

BUSINESS NEWS

CSC revival to boost national economy

THE demise of the Cold Storage Company (CSC) had negative ripple effects to the downstream industries culminating in the closure of hundreds of companies, an official has said.Leather Institute of Zim...

By Staff reporter | Published: 10 September 2017

BUSINESS NEWS

NSSA to invest $18 million in CSC

CABINET has approved investment of $18 million towards the revival of the Cold Storage Company (CSC) by the National Social Security Authority (NSSA).Deputy Minister of Agriculture, Mechanisation and ...

By Staff reporter | Published: 06 September 2017

LANDS & AGRICULTURE

CSC rolls out green pastures programme

THE Cold Storage Company (CSC) has engaged livestock farmers on a programme dubbed "green pastures" meant to enhance development of feedlots for quality production.CSC Marketing director, Mr Isaiah Ma...

By Staff reporter | Published: 31 July 2017

LANDS & AGRICULTURE

Zim govt cranks up CSC revival

AFTER years of going back and forth on Cold Storage Company (CSC)'s revival, government believes it has finally found that missing link which could do the trick - Command Livestock.Command Livestock i...

By Staff reporter | Published: 26 July 2017

LANDS & AGRICULTURE

CSC disputes leave investors with cold feet

DELAYS in resolving the dispute between the Cold Storage Company (CSC) and its creditors, mainly former workers, is likely to frustrate investors and prejudice already secured markets, analysts have ...

By Staff reporter | Published: 23 July 2017

LANDS & AGRICULTURE

CSC tannery improves operations

Meat processor Cold Storage Company says it has registered an increase in hides processed at its tannery following the imposition of an export levy on raw hides by Government.Government introduced a 7...

By Staff reporter | Published: 24 June 2015

LANDS & AGRICULTURE

Govt orders CSC forensic audit

Government has ordered a forensic audit of State-owned meat processor Cold Storage Company's (CSC) operations before approving an $80 million injection from a Botswana investor.CSC used to play a lea...

By Tinashe Makichi | Published: 24 June 2015

LANDS & AGRICULTURE

CSC seeks approval for strategic partner

Meat processor Cold Storage Company says it has secured an investor willing to inject $80 million into the company but Government is yet to approve its turnaround strategy which paves the way for the ...

By Rumbidzayi Zinyuke | Published: 23 June 2015

LANDS & AGRICULTURE

CSC loses labour case

THE Labour Court has ordered ailing meat processing firm, Cold Storage Company (CSC) to pay over $450,000 in outstanding salaries to 209 employees after efforts to reconcile the two parties failed.CSC...

By Staff reporter | Published: 29 May 2014

LANDS & AGRICULTURE

CSC employees demonstrate

Employees at meat processing firm, Cold Storage Company (CSC) last Friday staged a demonstration demanding their outstanding salaries.The employees claimed to have last received full salaries in 2009...

By Staff reporter | Published: 26 May 2014

LANDS & AGRICULTURE

CSC grapples with $30m debt

STATE-owned beef processor, Cold Storage Company Limited (CSC), battling to recover from a devastating crisis sparked by prolonged under-capitalisation, is planning to hive off a $30 million debt from...

By Staff reporter | Published: 03 April 2014

LANDS & AGRICULTURE

Govt mulls CSC revival

The revival of the Cold Storage Commission (CSC) remains a major solution to the complete recovery of Zimbabwe's beef industry, Agriculture, Mechanisation and Irrigation deputy minister Paddy Zhanda h...

By Staff reporter | Published: 19 March 2014

BUSINESS NEWS

CSC on verge of collapse

The Cold Storage Company is on the brink of collapse and is left with only 600 cattle at its 9 farms across the country. This translates to 66 beasts per farm. The parastatal had thousands of ca...

By Staff reporter | Published: 26 February 2014
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