This was said by the interim corporate rescue practitioner Vonani Majoko who said he still had to get the order confirming his appointment.
The CSC was placed under a corporate rescue plan by the High Court following an application by Lands and Agriculture Minister Anxious Masuka in December last year after Boustead Beef which entered into a 25-year agreement with the government in January 2019 to revive the CSC failed to fulfill terms of the agreement which included investing US$45 million in the first year.
Ngoni Kudenga of BDO Zimbabwe was appointed the corporate rescue practitioner (CRP) but he was disqualified at the first creditors meeting on 13 March with Majoko being appointed in his place.
Under the rescue plan, the CRP was supposed to:
Things had been quiet at the CSC since the creditors’ meeting in March but interest was revived on Monday following a visit to the Bulawayo plant by Deputy Industry Minister Raj Modi who is also the Member of Parliament for Bulawayo South under which the CSC falls.
Modi said he visited the plant to see things for himself following reports that the Boustead Beef management was looting and vandalising the company’s equipment.
He said he had been assured that there was nothing of the sort.
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