Government Not Pleased With The Pace Of Revival Of Defunct Zisco Steel

The government has expressed displeasure on the pace of implementation by a potential investor towards the revival of, Zisco steel.

Industry and Commerce Minister Nqobizitha Ndlovu said this yesterday while responding to questions from the floor during the ongoing Confederation of Zimbabwe Industries (CZI) annual conference and international investment indaba in Bulawayo.

Said  Ndlovu:

My acquaintance may not be as thorough and detailed as I would have thought. We do have an interest and an investor (R and F) who expressed interest some time back. I think it’s now two years if I am not mistaken. Obviously, we are not satisfied with the progress made on that part.

Government has done everything in its power to accommodate a lot of the demands from the potential investor (R and F) but still progress has not been much.

So, we were looking at ways in which perhaps we could open up for more interested investors but it’s going to take some bit of time and I want to presume we need to avoid also infringements on the part of the person who has made the forefront. So we want to make progress in the near term.

Image Credit: The Herald

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Mangaliso Ndlovu

Mangaliso Ndlovu is the Minister of Industry. Read More About Mangaliso Ndlovu

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