CSC hunts for turnaround strategist

Mutapa Investment Fund, with a combined value of approximately US$15 billion — in its annual report released last month — said it needs in excess of US$10 billion in funding to restructure state-owned entities under its portfolio and boost mining and energy sectors.

THE Cold Storage Company is scouting for a turnaround specialist to stir its operations back to profitability following years of loss-making. The state-owned beef producer under the Mutapa Investment Fund is among key strategic national assets earmarked for recapitalisation following its exit from corporate rescue in October last year after successful interventions. “The successful candidate…

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