Boustead Beef has to prove to the Government of Zimbabwe that it has the financial capacity to resuscitate CSC. Nicholas Havercroft has been literally lying to the government and nation at large, some of the lies include;
Nicholas Havercroft will create a separate enterprise without any value addition to CSC or the nation. Nicholas Havercroft has told employees that what he took over from CSC are properties not operations and workers. This is a simple speculative strategy where you buy low priced assets and sell them high at a later stage. For this deal he will not be able to invest what he promised government nor dispose the assets at zero cost to him. It is our view that Boustead Beef is only after farms and properties for rentals generation not production or resuscitation of the abattoirs. They have already indicated that such are a burden they are not prepared to carry. It is also clear that they are not there for business or employment creation or employee welfare. He is in the process of laying off all workers so as to leave his small team (5 white men and 1 black woman) to collect rental and manage real estate. Closure of the abattoirs is evidence.
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This post was last modified on November 8, 2019 4:18 pm
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