According to the court papers, Masuka said Boustead Beef could not implement its agreement with the government because:
The court papers say unless something is done, the noble intentions of the government to revive the CSC will be quashed.
Masuka was a member of the CSC board until May last year when it was dissolved, a week after cabinet announced the deal with Boustead Beef. The board was not involved in negotiating the agreement.
Most of the management that Boustead Beef accuses of frustrating it had left the company before cabinet announced the deal.
According to the agreement between the government and Boustead Beef signed by 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.
It is not clear whether this was done or not but on 22 May, the day the four months expired, CSC board was dissolved.
Four months later after the cabinet announcement, Boustead Beef sent all workers on four months leave claiming it was rehabilitating the plant but after the four months it advised the workers that they were being retrenched to give the company a clean slate to start operations.
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This post was last modified on November 7, 2020 9:56 pm
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