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Mnangagwa Blames White People For Ziscosteel Collapse

Mnangagwa Blames White People For Ziscosteel Collapse

President Emmerson Mnangagwa has claimed that white people caused the collapse of the Zimbabwe Iron and Steel Company (Ziscosteel).

Addressing a ZANU PF rally in Kwekwe on Saturday ahead of the 26 March by-elections, Mnangagwa claimed that whites sabotaged Ziscosteel from the time Zimbabwe got its independence from Britain in 1980. He said:

For over 20 years, Ziscosteel has been down. At its peak, Ziscosteel used to employ between 6000-7000 and those from the downstream industry.

The company gave iron and steel to the entire region including East Africa and overseas countries.

When we gained independence in 1980 as ZANU PF the whites were very unhappy.

They started to sabotage Ziscosteel until it was brought to its knees.

He, however, did not explain how the whites sabotaged the company.

Mnangagwa said after attempting to bring in a foreign investor, his government decided to engage a local investor to resuscitate Ziscosteel. He said:

We have been looking for external investors to resuscitate Ziscosteel and over US$450 million is needed for the resuscitation.

Ziscosteel is owned by the government which has 89% and other stakeholders have 11%.

We settled for Kuvimba, which is 65% owned by the government and it is going to resuscitate Ziscosteel.

The US$450 million is already available.

A 2006 parliamentary inquiry established that Ziscosteel collapsed due to looting by government ministers and other senior officials.

However, the report is yet to be published.

More: New Zimbabwe


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31 Comments

Truth 2 months ago

Its funny how ED always finds time to blame other people for his failures except for himself


JB 2 months ago

We are not kids ,mind you,we love our Zimbabwe .enough is enough of this kidding. We take NO promises from this mafia gvt,hw cn u promise wen u ar th one who hav th resources to to rebuild what u plundered?Sheer nonsense. dd whites loot ? We ar nt ur siblings ita mushe

Citizens stop attending such rallies,

Vote CCC.


Botati tatinyana 2 months ago

🤔🤔


Joe Brownn Mutts 2 months ago

ED is showing signs of pure madness, isn't it Zanu-PF that has destroyed our industry.


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kezi 2 months ago

ko maChina ari muno chabuda hapana
rate is going up hapana chikuitwa apa kungorambira pabasa asi nyika yafa


ngorima mushava 2 months ago

it's true ,ichokwadi ,zisco was one of the companies listed by the US on the sanctions list @ the instigation of the MDC ,


Zisiko 2 months ago

Zisco was never effected by the so called sanctions. Rather ivo vakuru ava, in addition to looting Zisco assets, prevented vana Accemettol(sp) naana Jindaal and Essar from resuscitating Zisco. Hanzi these companies are too big, so it was going to be difficult for them to loot, as they did Hotel Redcliff ye Zisco. Get away mhani, mbavha dzevanhu.

Jah🇿🇼Tsvarie-07 2 months ago

Play on President, as a referee i don't c anything wrong reviving Zisco, its true nyika inovakiwa nesu ma true Zimbabweans and we won't bow to whites zvakapfuura zvekuti murungu anenjere kupfuura munhu mutema.
And remember am talking to my President, direct your comments to him not me. its my opinion don't force me to like what you like...


CID Zimbabwe 2 months ago

Unogona Kugadzira Calculator here .From nothing up to a tangible calculator. What about a cell phone .

Vene vayo ndiwe kwete ini . We know nothing as Zimbabweans but only Sex n building. The city of Harare has Water shortages whilst Zimbabwe has trillions and trillions litters of water , just starring at it . Ukaramba uri pussy sezvizvi ndoku chekeresa

🔥 2 months ago

chokwadi vanochiziva kuti one of the ministers akadzima magetsi aienda ku zisco nekuda kufadza vanhu the rest is history... mukazvitsvaga muchazviziva.. vakauraya science dzese dzemu furnace pavakadzima Magetsi nhasi haichagadziriki kunyangwe vakaunganidza masvikiro akadii.. iwo masvikiro anozvigonepi zve science dzemu furnace ? machinda emvuto


JC Form IV 2 months ago

Dhiziri paChinhoyi

🤣🤣🤣🤣

tired 2 months ago

look in this article gov owns 89 %zisco steel ,, National railways , road networks fell to give example of 1%of all things that were all well and functional 40 yrs ago now failed wat happened can you really get up in the morning and say teachers are striking cas of uk , really


Live 2 months ago

@JC form 1V
U're wright my fellow citizen muzukuru waMugabe aiva MD weZiscosteel ainzi Masanga akazounza chidhori chake chaaisheedza kti CHIRONGAMABWE chaitotyisa zvacho Mugabe akatouya kuzochiona chidhori ichocho from there Ziscosteel haina chipenyu chayakazomboita cz zvaitoratidza kti zvaive neritualism mukati so kurunner fair company Havana kana idea these guys including ED cz he was part of that government, zisco runs nearly 16years after independence so how whites did subotage the company ? We need full explanation from ED n his Crew on this statement of his?


JC Form IV 2 months ago

Mumwe muzukuru wasekuru ainzi Mapondera. He was appointed first, before Masanga.

Mapondera was fired for corruption- double claimed allowances and overshot his fuel allocation...

Cry the beloved country...

Hulk Hogan 2 months ago

.....And we blame ZANU pf for the collapse of Zimbabwe..


Dhodhi remumvura 2 months ago

Nyika inovakwa nevene vayo😜


Doug 2 months ago

When disco closed, it was after a succession of about four black Zimbabwean Managing Directors. European technology had been sidelined for Chinese technology who were not keen to transfer skills to the blacks. It would be politically correct to resuscitate zisco while also building the plant at Manhize in Chivhu, the Economist may think it better to have not more than one such plants in the country, or region.


Vybz Kartel 2 months ago

The People's President #NHM invades Kwekwe (my home town) today for our campaign rally...See you there fellow citizens. #CCC #NHM #YELLOWBRIGADE💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛💛


CID Zimbabwe 2 months ago

Nyika Ndati Ngai vakwe ne Vene Vayo😎😎😎

Dont look for white investors or Black investors ...... Nyika ngaivakwe ne Vene vayo .


Shuwa Shuwa 2 months ago

Muchawawata kusvika zuva renyu rasvika comrade. Muchadzidza henyu kuti mbavha hadzivake chinhu

Jinn 2 months ago

Gadzirai tione ka vene vayo.


JC Form IV 2 months ago

By the way ZISCOSTEEL yakavharwa gore ripi?

Ndinoziva RISCO ichibika simbi kusvika yachinja zita (in line with independence mantra) yaana GM mutema, aive muzukuru waRobati Magaba

Saka murungu akazoita sabotage ndeupiko?

Selective amnesia....
Garai pasi aGarwe


Rwadzi Gunsmokeg 2 months ago

Government owns 89% meaning ndivo vaive varidzi veZisco Steel so maWhites akaita kuti ivhare sei?ipapo Mkuru[ED] must explain ndinzwisise koz ZANU PF{MUGABE.,MNANGAGWA and vamwe vavo} ndivo vaiba nekuita yese yavanoda paGiant Steel Company[ZISCO] nhasi voti maWhites akutotadza kutsanangura kuti SEI?

ZANU PF ine maCOMPANY akawanda akavhara nekuda kwe those madalas
CSC nhasi iripi?
ZUPCO kuzosvika pakutsvaga maprivate companies kuti abatsirwe nema bus because of ZANU PF

Ndiwe wakauraya Industry NdiweZANU PF


Bozwell 2 months ago

Ndiwe muroyi ndiwe ndiwe wapedza hama ndiwe muroyi hapana mumwe ndiwe wapedza nyika zanu ****

Maravaza 2 months ago

Good note.

Senior Citizen 2 months ago

Baba vanonzi ED vanorwara nepfungwa 🚮😹 last time takaona kuZisco kuchinzi kukuitwa mabira kwakazara top government officials,masvikiro,maChief neN'anga kkkk vachiity zisco ivhurwe tikaty Zisco inovhurwa Nema Geniun investors not masvikiro😹 Iyo zisco inongotaurwa kuty yakuvhurwa nguva yemaElections chete🚮

Ccc


Vybz Kartel 2 months ago

Spot on my president...I hope we gonna revive it in due course...hurumende yenyu baba inodadisa kwazvo..chero Chamisa anozviziva


ED 2 months ago

yakaisvonaka chero kudenga hakuna yakadero

Zisco 2 months ago

Dzimwe nhema dzinoda kumahumbwe. Ini zii hangu.


Kule 2 months ago

..kunobikwa mavhu zvonzi isadza

Generari SHAPOSHNIKOV 2 months ago

True



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