21 April 2019
   
Khupe cancels Byo congress as Chamisa visits
British Airways rejects London-Hre route plea
First post Mugabe poll credibility on line
Caught with guns soon after jail pardon
Man vanishes with Chinese woman’s $2m
Magaya rape trial starts at High Court
South African icon Winnie Mandela dies
Government exposes Grace Mugabe lies
MORE NEWS
Envoy: Free poll to spur German investors
Command maize not looted: millers audit
MORE BUSINESS
Ruvheneko threatened with 6-month arrest
Zim Achievers to honour Hugh Masekela
MORE SHOWBIZ
Coach: Messi must win WC to equal Maradona
Bosso hand hosts Dembare third defeat
MORE SPORTS
MDC-T does succession the Zanu PF way
Zimbabwe 2018 polls: Will age be a factor?
MORE OPINION
 
In pursuit of peaceful, credible elections
Churches repeat political partisanship evil
MORE COLUMNISTS
 
 

GMAZ completes Command Agric Maize audit, says no looting detected

30/03/2018 00:00:00
by Staff reporter
 
 
RELATED STORIES

THE Grain Miller's Association of Zimbabwe (GMAZ) has completed an audit of the $200 million grain it bought at a subsidized rate under the Command Agriculture programme.

GMAZ conducted an audit on 800 000 tonnes of maize valued at $194 million grown under the Command Agriculture programme and bought by the grain millers body at $242 per tonne.

The Grain Marketing Board had bought the maize from Farmers at $390.

In a statement, GMAZ Acting General Manager Lynnette Veremu said auditors Baker Tilly Chartered Accountants had given a clean bill of health to the programme, saying all the grain had been properly accounted for.

She said the audit had been carried out on GMAZ members who included Blue Ribbon Foods and National Foods, who the report said had all adhered to good corporate governance on their allocations.

“We are mindful of our role of providing staple food and at the same time recognising government's intervention of affording us subsidized maize at the expense of the fiscas,” she said, adding they had an obligation to account for every grain they got from government as a subsidy.

“This report has proved that millers have not abused the maize but have used it for it's intended purposes and we are grateful, It will give confidence on us to the authorities and the general public,” she said.

Veremu said a similar audit on wheat had also been commissioned.

“We are doing this in order to ensure that the national grain supplies are adequately stocked,” she said.

She said despite the low rains received in the 2017-18 agriculture season, the country had enough grain.

She said the association had bought wheat worth $60 million and maize valued at $100 million.

 

 

 



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker