Zimbabwe: Lessons in how not to run a Steel Plant

Zisco Steel located at Redcliff in Zimbabwe highlights the problem when politics, factionalism, cronyism and corruption override economic considerations. The end result was the destruction of the steel industry in Zimbabwe.

At Independence in February 1980, Zisco Steel was the second largest integrated steel plant in Africa. It employed some 6000 workers in a network of companies that produced rolled steel, long products, reinforcing rods and wire. Half its output was exported. More importantly, it supplied Zimbabwe with the majority of its steel requirements.

Main picture: Zisco Steel when still operational 

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