ZISCO

The process to select an investor that will resuscitate the defunct Zimbabwe Iron and Steel Company (Zisco) has started and the successful investor is expected to be on the ground by December.
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The Government is in a fresh hunt for strategic partners to resuscitate operations at the defunct state-owned Zimbabwe Iron and Steel Company (Zisco).
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The disruptive Covid-19 pandemic has resulted in the prolonged delays in finalising the deal between ZimCoke and the now defunct steel giant, Zisco.
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The Zimbabwe Electricity Distribution Company (ZETDC), has threatened to switch off defunct steel giant, Zisco over a ZW$6,2 million debt accrued over a period of three months.
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The Zisco board and management are set to beef-up security at the company following reports of rampant looting of resources at the defunct iron and steel giant allegedly by former workers and thieves.
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The Zimbabwe Iron and Steel Company (Zisco) board has written to Government seeking confirmation of transfer of the US$225 million debt owed to a German bank by the company to ZimCoke, an investment vehicle that acquired some of the…
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Kwekwe City Council is struggling to provide basic services due to low revenue inflows as it is owed $50,2 million by residents, institutions and companies.
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The Zisco board is evaluating the possibility of coming up with a domestic resource mobilisation strategy aimed at revitalising operations at the defunct steel plant.
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A new board for the country’s defunct steel manufacturing company, Zisco, is set to be announced this week following the expiry of the tenure of the previous board, Industry and Commerce Minister Mangaliso Ndlovu has said.
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Government may not take over the debts of State-owned entities such as Air Zimbabwe and Zisco, touted as critical to making them more attractive to investors, after Finance and Economic Development Minister Professor Mthuli Ncube indicated…
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