The
MIF
is
tasked
with
managing
and
commercialising
government-owned
enterprises.
The
move
was
formalised
through
Statutory
Instrument
58
of
2026,
published
in
a
supplement
to
the
Government
Gazette
on
20
March.
The
89%
state-owned
steelmaker,
which
has
been
idle
for
18
years,
now
falls
directly
under
the
MIF
alongside
its
previous
preferred
suitor,
Kuvimba
Mining
House.
At
its
peak
in
the
late
1980s
and
1990s,
ZISCOSTEEL
produced
up
to
1.2
million
tonnes
of
steel
a
year,
employed
more
than
5,500
people
directly,
and
supported
an
estimated
50,000
jobs
in
downstream
industries
such
as
construction,
engineering,
and
manufacturing.