{"id":74640,"date":"2023-02-26T11:57:43","date_gmt":"2023-02-26T09:57:43","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/csc-boustead-beef-has-closed-bulawayo-abattoir"},"modified":"2023-02-26T14:13:34","modified_gmt":"2023-02-26T12:13:34","slug":"csc-boustead-beef-has-closed-bulawayo-abattoir","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/csc-boustead-beef-has-closed-bulawayo-abattoir","title":{"rendered":"CSC-Boustead Beef Has Closed Bulawayo Abattoir"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The CSC-Boustead Beef Bulawayo abattoir closed last week due to failure to pay its electricity bill of about ZW$24 million which translates to US$24 000 or US$27 220 at the official rate.<\/p>\n

Boustead Beef claimed that it had invested US$24 million into the plant Cold Storage Company<\/b> when it reopened in August last year.<\/p>\n

Power was cut off on Monday after the company failed to pay its electricity bill.<\/p>\n

Boustead Beef entered into an agreement with the government to revive the Cold Storage Company in 2019 but failed to provide proof that it had US$130 million for capital expenditure and working capital for the first five years.<\/p>\n

The company also failed to invest US$45 million in the first year as per the agreement.<\/p>\n

The government placed the CSC under corporate rescue in December 2020 after realising that Boustead Beef had failed to fulfil its part of the agreement.<\/p>\n

Boustead Beef, however, remained mainly at the Bulawayo abattoir and claimed that it had refurbished the plant and invited Vice President Constantino Chiwenga<\/b> to officially reopen the factory in August last year.<\/b><\/p>\n

The company claimed at the re-opening that it had also secured US$36 million for a feedlot and grazing purchase scheme for communal farmers.<\/p>\n

CSC workers said they could not understand why Chiwenga and the State media swallowed the lies from Boustead Beef as there was no way it could have invested US$24 million in the plant as the cold rooms were not working.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The CSC-Boustead Beef Bulawayo abattoir closed last week due to failure to pay its electricity bill of about ZW$24 million which translates to US$24 000 or US$27 220 at the official rate. Boustead Beef claimed that it had invested US$24 million into the plant Cold Storage Company when it reopened in August […]<\/p>\n","protected":false},"author":84,"featured_media":74639,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,12],"tags":[1493,2189,14103,14102,19],"class_list":["post-74640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-policy","tag-africa-press","tag-africa-press-zimbabwe-2","tag-cold-storage-company-csc","tag-csc-boustead-beef","tag-zimbabwe"],"yoast_head":"\nCSC-Boustead Beef Has Closed Bulawayo Abattoir - zimbabwe<\/title>\n<meta name=\"description\" content=\"The CSC-Boustead Beef Bulawayo abattoir closed last week due to failure to pay its electricity bill of about ZW$24 milli ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/csc-boustead-beef-has-closed-bulawayo-abattoir\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CSC-Boustead Beef Has Closed Bulawayo Abattoir\" \/>\n<meta property=\"og:description\" content=\"The CSC-Boustead Beef Bulawayo abattoir closed last week due to failure to pay its electricity bill of about ZW$24 milli ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/csc-boustead-beef-has-closed-bulawayo-abattoir\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-26T09:57:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-26T12:13:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/02\/postQueueImg_1677400099.71.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/csc-boustead-beef-has-closed-bulawayo-abattoir#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/csc-boustead-beef-has-closed-bulawayo-abattoir\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CSC-Boustead Beef Has Closed Bulawayo Abattoir\",\"datePublished\":\"2023-02-26T09:57:43+00:00\",\"dateModified\":\"2023-02-26T12:13:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/csc-boustead-beef-has-closed-bulawayo-abattoir\"},\"wordCount\":257,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/csc-boustead-beef-has-closed-bulawayo-abattoir#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/02\/postQueueImg_1677400099.71.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Cold Storage Company (CSC)\",\"CSC-Boustead Beef\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/csc-boustead-beef-has-closed-bulawayo-abattoir#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/csc-boustead-beef-has-closed-bulawayo-abattoir\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/csc-boustead-beef-has-closed-bulawayo-abattoir\",\"name\":\"CSC-Boustead Beef Has Closed Bulawayo Abattoir - 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