Country Report Zimbabwe September 2010

Economic performance: Bids for Zisco re-opened

The government is making a renewed attempt to sell a 70% stake in the Zimbabwe Iron and Steel Company (Zisco), calling for bids to be submitted by September 24th. In May bids by ArcelorMittal South Africa and India's Jindal Steel and Power were rejected by Mr Mugabe, who said that the companies were "too big" and that Zisco should be taken over by a "medium-sized business". Jindal has since said that it will re-bid for the firm.

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