Five bid for ZISCO


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Five companies including ArcelorMittal South Africa, the South African arm of the world’s largest steel producer and Jindal Steel and Power of India are bidding for a stake in the troubled Zimbabwe Iron and Steel Company (ZISCO), reports said today. The names of the other three could not be established. Six companies had previously submitted bids and they included Murray and Roberts of South Africa, Reclamation also of South Africa, Steel Makers Zimbabwe and the Gateway Consortium.

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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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