The 57 SMEs have been paying their rent to Boustead Beef since it took over the running of the Bulawayo plant in 2019.
Power to the Bulawayo abattoir was cut off on Monday last week and has not been restored yet.
It is believed that CSC-Boustead Beef owes ZESA more than $20 million.
Boustead Beef entered into an agreement with the government to revive the CSC in 2019 and was supposed to invest US$130 million in five years.
It was supposed to pay rental of US$100 000 a year but instead started collecting rent from all tenants at CSC premises.
Rent paid by the old CSC tenants was one of the major sources of revenue for Boustead Beef and was one of the main reasons why Boustead Beef fought for control of the Bulawayo plant with the corporate rescuer, Vonani Majoko.
The CSC was placed under corporate rescue in December 2020 after the government realised that Boustead Beef had failed to fulfil its part of the agreement.
Majoko, who was removed as corporate rescuer in July last year, said one of the reasons why he was not able to do much as a corporate rescuer was that he collected only 30% of the rentals from 1 November 2021 while Boustead Beef took 70%.
(114 VIEWS)
This post was last modified on February 28, 2023 7:58 pm
The United States lost its place as the most influential global power in Africa last…
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…
The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…
Zimbabwe’s new currency today fell against the United States for the first time since its…
Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market…
One bane of recent public discourse in Zimbabwe is not only that it is never…