Commercial Farmers' Union of Zimbabwe
Tobacco farmers demand 100% payment in forex Independent 26/6/2020 FOLLOWING the introduction of a forex auction system this week on Tuesday by the Reserve Bank of Zimbabwe (RBZ), tobacco farmers are outraged by the prevailing rate, which is below the parallel market and are demanding 100% payment in forex. Fidelity Mhlanga Farmers are bitter about …
Tongaat gets US$2m dividend from Zim operations Herald 26/6/2020 Business Writer Troubled South African-headquartered sugar producer, Tongaat Hulett, said it got a dividend of US$2 million from its Zimbabwean operations in June 2020. Tongaat’s operations in Zimbabwe comprise wholly owned Triangle operation and a 50.3 percent holding in Zimbabwe Stock Exchange listed Hippo Valley Estates. …
More fuel delivered to service stations Herald 26/6/2020 Mr Eddington Mazambani Herald Reporters As deliveries to service stations improved yesterday, there was a growing rumble from motorists misinterpreting the Zera price table and jumping to the wrong conclusion that ethanol contributes around three quarters of the petrol price. In fact ethanol blending does not …
SA investor partners R20m Insiza irrigation project Chronicle 26/6/2020 Sukulwenkosi Dube-Matutu, Gwanda Correspondent FARMERS in Insiza district have partnered a South African based investor to rehabilitate an 800-hectare irrigation project at an estimated cost of about R20 million. The project seeks to revive Further Stone Irrigation, which has been lying idle for more than …
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Shot in the arm for agric sector as re-engagement policy pays off Chronicle 26/6/2020 President Mnangagwa commissions US$51 million John Deere Mechanisation facility while the local representative, Graham Smith looks on in Harare yesterday. The facility will unlock 1 300 tractors, 80 combine harvesters, 600 planters, 200 disc harrows, 100 boom sprayers and 100 …
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Govt terminates CSC deal by Staff reporter NewZimbabwe 25/6/2020 GOVERNMENT has cancelled the much touted US$130 million deal with a United Kingdom company, Boustead Beef (Boustead) for the recapitalisation of the Cold Storage Company (CSC), it has emerged. The decision, which is yet to be officially announced, was made in by Cabinet during its weekly …
National dam water levels recede By Helen Kadirire Daily News 25/6/2020 DAM levels in the country’s major water bodies continue to recede posing a threat to irrigation farmers during the lean peak season, the Daily News reports. According to Zimbabwe National Water Authority’s corporate communications manager, Marjorie Munyonga, the decline was due to the conclusion …
Tobacco growers push for exchange rate disparity pay-out By Newsday – June 24, 2020 TOBACCO growers are pushing authorities to consider exchange rate difference payment to cover the losses they incurred when they sold their crop at a fixed rate of US$1:$25. BY FIDELITY MHLANGA The forex auction system started to operate yesterday. Since the commencement …
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Payment challenge for cotton farmers Herald 25/6/2020 Mr Pious Manamike Business Reporter Most cotton farmers who have delivered their commodity are yet to be paid almost three weeks after the Government announced the producer price due to unavailability of cash and restrictions imposed on mobile money transfers by the Reserve Bank of Zimbabwe. The …
Zinara introduces digital vehicle licensing Herald 25/6/2020 Mr Mugabe Business Reporter The Zimbabwe National Road Administration (Zinara) has digitised vehicle licensing and motorists can now renew their discs in the comfort of their homes as the administration moves to bring convenience to the motoring public. Following the introduction of the online vehicle licensing, visiting …