Ramotswa Steel in deep financial trouble
Wednesday, March 25, 2009
Ziscosteel chief executive officer, Alois Gowo, said the steel manufacturing giant is saddled with large debts of about US$18.5 million.
Ziscosteel completely stopped production in January last year, after years of operating at far below capacity. So desperate is the situation that the company has been meeting some of its obligations like paying workers' salaries through the sale of sundry items and by-products.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...