Parliament Classifies Ziscosteel As Dead Asset

Parliament has officially declared Ziscosteel a dead asset, marking a definitive end to hopes for the immediate revival of the once-prominent steel manufacturer. This formal admission highlights the structural challenges and industrial decline facing the Zimbabwean manufacturing sector. Ziscosteel, which was once a cornerstone of the national economy, has struggled with years of mismanagement and lack of investment. By labeling the entity a dead asset, the government acknowledges that the facility is no longer viable in its current state.