Zimbabwe High Court approves NSSA deal to bailout Cold Storage Commission

The National Social Security Authority’s (NSSA) $18 million deal to recapitalize Cold Storage Commission (CSC) will go ahead after the High Court approved a scheme of arrangement between the meat processor and its creditors, an official has said.  The state run pension fund expressed interest to bail out CSC in an equity investment arrangement earlier this year but the deal was held up by a creditor opposing the scheme of arrangement.