Zim parastatal could rescue Ramotswa Steel

The Chief Executive Officer of Ziscosteel, Alois Gowo, says his company has its own problems and viability issues after one of its major blast furnaces broke down recently, but is serious about rescuing Ramotswa nonetheless.

"The main reason the company closed down is that Ziscosteel has not been producing any steel for supplying the Ramotswa operation," Gowo says. "Without those raw materials and inputs, it was impossible for the Botswana company to continue in business.