Categories: Stories

Was Vice-President Chiwenga taken for a ride by Boustead Beef?

Vice-President Constantino Chiwenga might have been taken for a ride when he was asked to officially re-open the Cold Storage Company-Boustead Beef operations in Bulawayo when the plant is actually not yet ready.

Boustead Beef entered into a US$130 agreement with the government to resuscitate the ailing company in 2019 but failed to do so forcing the government to place the company under corporate rescue but Boustead Beef has managed to hang on raising questions as to who is really behind the company which initially claimed to be British but is headed by Nick Havercroft, a former Marondera farmer.

According to the State-owned Bulawayo daily, the Chronicle, the CSC resumed operations under a new name CSC- Boustead Beef after 22 years of closure.

“The giant beef processing plant which is a game changer for the country’s livestock farming, was officially opened by Vice President, Dr Constantino Chiwenga who said the company will not be allowed to collapse again,” the paper said.

The CSC did not close 22 years ago. A turn-around programme for the CSC for the years 2015 to 2019, just before the government entered into  its agreement with Boustead Beef, shows that the company was operational as late at 2013 with sales totaling US$6.3 million including exports of US$376 000.

This was, however, much lower than the US$17.1 million that it realised in 2011 with US$726 000 from exports.

The company said that it operations had suffered after the European Union stopped its beef imports following the outbreak of foot and mouth disease in Zimbabwe and the imposition of sanctions on the country by both the EU and the United States.

A worker at the CSC said Chiwenga had been sold a dummy because he had only been made to witness a run in which 14 cattle were slaughtered for the demonstration and after he left the plant was shut down.

“Machinery actually broke down a day before the visit and during the run there were burst pipes outside which were ignored for the demo. Even the goats that were in the pens have since been moved maybe back to their owners,” the worker said.

Continued next page

(259 VIEWS)

This post was last modified on December 29, 2022 8:08 pm

Page: 1 2 3

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

View Comments

Recent Posts

Reserve Bank of Zimbabwe expects more foreign currency sellers to join the interbank market

The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…

December 4, 2024

Zimbabwe 2025 citizens’ budget

Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…

November 28, 2024

To go or not to go- Mnangagwa in a quandary

Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…

November 25, 2024

ZiG loses steam, falls against US dollar for five consecutive days

The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…

November 22, 2024

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024