Sovereign Wealth Fund of Zimbabwe (Amendment of Fourth Schedule) Notice, 2026
Ziscosteel — Zimbabwe Iron and Steel Company Limited — is added to the list of companies whose shares vest in the Mutapa Investment Fund.
The President, after consulting the Mutapa Investment Fund Board, has added one company to the Fourth Schedule of the Sovereign Wealth Fund of Zimbabwe Act. That Schedule is headed "Vesting of Shares of Certain Companies in Mutapa Investment Fund", and being listed on it is what moves a state shareholding into the sovereign wealth fund.
The addition is Zimbabwe Iron and Steel Company Limited, registration number 926/1956 — Ziscosteel, the Redcliff steelworks that has been dormant for years and the subject of successive revival attempts.
The notice does nothing more than add the name. It says nothing about the terms of the vesting, what happens to existing creditors or minority holders, or what the Fund intends for the company. Nor does it state a commencement date beyond its gazetting on 20 March 2026.
What changed
- Zimbabwe Iron and Steel Company Limited (registration number 926/1956) is added to the Fourth Schedule of the Sovereign Wealth Fund of Zimbabwe Act
- Its shares therefore fall within the vesting provisions for the Mutapa Investment Fund
Who this affects
- Zimbabwe Iron and Steel Company Limited and its employees
- creditors and counterparties of Ziscosteel
- the Mutapa Investment Fund and its board
- investors tracking state asset transfers into the sovereign wealth fund
- Redcliff and the Midlands communities dependent on the steelworks
Plain-language summary — not legal advice. Always read the full instrument.