New Zimbabwe.com

CSC reintroduces new products

By Alois Vinga

THE Cold Storage Commission (CSC) has announced that it will soon be releasing five new products into the market in a development indicating the entity’s comeback after years of poor productivity.

According to details obtained by NewZimbabwe.com Business at the CSC information desk at the just ended 2018 edition of the Zimbabwe Agricultural Show, at least seven new products will soon be introduced to the local and export market.

“The new products are ox-tongue tinned, stewed steak meadows, corned beef; these are being produced form beef which is coming from the CSC livestock. We also have other cattle by products like tail hairs which can be used to manufacture brushes and cow horns which can be used for buttons and ornaments as well as tallow fat which is used for soap making,” said the CSC exhibitor.

In a bid to resuscitate the historic meat giant which dominated the local and export market between the 1980’s to 1990’s decade, government recently announced that it is anchoring the revival of the CSC on Command Livestock, with emphasis on artificial insemination which has a 60 percent success rate for a new breed of bulls and heifers that fetches more money on the international market.

In Q3 2018 National Social Security Authority said that it was ready to acquire controlling equity in CSC amounting to 80 percent and promised that in the first quarter of 2018 operations will commence upon concluding engagements.

However, to date the deal’s finality has not been publicised and market analysts speculate that the parties are yet to agree on the shareholding structure.

In June this year, President Emmerson Mnangagwa revealed that he had met a potential investor in Davos, Switzerland who had shown keen interest in CSC but he has not divulged the state of the deal up to now.