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*Mnangagwa Blames White People For Ziscosteel Collapse* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ea 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: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > 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* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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