- Date of Issue: 12 October 1955
- Dept: Department of Immigration
- Reqn.: 2987
- Printer: Government Printing & Stationery
- Quantity: 2,000
|33552-7||On Government Service||21/05/1980|
|33551-8||On Government Service||17/04/1980|
|33546-1||On Government Service||19/05/1982|
|33521-7||On Government Service||21/08/1978|
1942 – Iron and Steel Industry Act
On 17 July 1942, the Southern Rhodesian Government created the Iron and Steel Industry Act act to establish the Rhodesian Iron and Steel Commission and to prescribe its
powers; to authorise and to confirm and give effect to certain agreements to which the
State was a party.
Under the Act, it was prescribed there would be a commission, under the
name of the Rhodesian Iron and Steel Commission, which shall be a body corporate
capable of suing and being sued in its corporate name and with power, subject to this
Act, to do all such acts and things as a body corporate may do by law and as are
necessary for, or incidental to, the carrying out of its objects and powers as set forth within the Act.
On 24 July 1942, the Southern Rhodesian Government founded the Rhodesian Iron and Steel Commission (Riscom). It was sited at the steel plant at Redcliff, to develop the huge iron and limestone deposits nearby.
It suffered from a lack of experienced personnel and low level of production which meant high unit costs. In 1954, a debt of 1.7 million pounds sterling had to been written off as irrecoverable. In 1956, the loss-making situation was turned into a profit-making situation due to the formation of the Federation of Rhodesia and Nyasaland and the denationalisation of the industry. In 1956, iron ore output from the company was 127,954 tons. By 1957, this had doubled to 257,166 tons and changed its name to the Rhodesian Iron and Steel Company (Risco).
In 1965, the company employed up to 2,900 people. In 1980, after Independence, it was renamed the Zimbabwe Iron and Steel Company.