The report on State-owned enterprises and parastatals for the year ending 13 December 2021 states that the auditor-general is still working on CSC books for the years 2013-2017.
CSC accounts for the years 2018 to 2021 have not yet been submitted to the Auditor-General.
The government entered into an agreement with Boustead Beef, which said it is a British company but is owned by a former Marondera farmer, to revive the ailing state-owned enterprise in 2019 but reports say proper due diligence was not carried out.
According to the agreement signed by then Agriculture permanent secretary Ringson Chitsiko and Boustead Beef director Nick Havercroft on 22 January 2019, Boustead Beef should have shown the government proof of funds to the tune of US$130 million four months after signing the agreement.
Under the joint venture agreement signed in 2019, Boustead Beef was supposed to:
It was also supposed to:
It never did.
Continued next page
(96 VIEWS)
Page: 1 2
The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…
Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…
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…