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GMAZ completes Command Agric Maize audit, says no looting detected

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

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.





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