Long odds of the last lifeboat: Corporate rescue in Zim
SINCE Zimbabwe’s Insolvency Act came into force in 2018, only three registered corporate rescue practitioners have successfully concluded major industrial turnarounds.
By Valentine Muhamba
May. 15, 2026
CSC gets US$9m injection to settle local debts
MIF’s milestone follows the April approval of a revival plan crafted by CSC corporate rescue practitioner Crispen Mwete, aimed at resuscitating what was once Africa’s largest integrated meat processor
By Tinashe Kairiza
Aug. 1, 2025
British investor clings to CSC abattoir despite deal collapse
Despite the termination, Boustead Beef has refused to vacate the Bulawayo facility, one of the country’s largest abattoirs with a daily slaughter capacity of 800 cattle.
By Mthandazo Nyoni
Jun. 20, 2025
Premium
CSC re-opening uncertain
Government transferred the once mighty meat processor to the Mutapa Investment Fund following the collapse of a US$130 million joint venture with British investor Boustead Beef.
By Harriet Chikandiwa
Apr. 4, 2025
Proper due diligence vital in state deals
Court documents did not disclose whether Boustead lacked the financial capacity or simply lost interest.
By The Zimbabwe Independent
Aug. 23, 2024
CSC deal collapses
CSC had held lucrative export quotas to European Union markets in the 1990s before collapsing due to extensive mismanagement.
By Mthandazo Nyoni and Shame Makoshori
Aug. 16, 2024
CSC deal collapses
CSC had held lucrative export quotas to European Union markets in the 1990s before collapsing due to extensive mismanagement.
By Mthandazo Nyoni and Shame Makoshori
Aug. 16, 2024
Zanu PF’s unfulfilled promises loom large in region ahead of elections
The government was forced to place CSC under corporate rescue in December 2020 after realising that Boustead Beef had failed to fulfil its part of the agreement.
By Silas Nkala
Aug. 13, 2023
Govt moves to relocate Gwayi-Shangani villagers
Moyo told NewsDay that construction work had already commenced at the site where the villagers would be relocated.
By Patricia Sibanda
Jul. 13, 2023
