ZISCOSTEEL'S return to full functionality may take longer than anticipated with Industry and Commerce Minister Mike Bimha revealing that 70 percent of the machinery and equipment at the company is obsolete and needs a complete overhaul.
The Redcliff-based firm, once the largest integrated steel maker in sub-Saharan Africa outside South Africa, has been comatose after being run down by poor management and alleged plunder by politicians.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article