Thursday, 24 November 2016

MILLERS BACK BOND NOTES

The local milling industry says it is geared up for the roll out of the bond notes and has assured the market that the sector has adequate stocks to cover the forthcoming festive season.

The millers representative body, Grain Millers Association of Zimbabwe has re-affirmed its support of the Reserve Bank of Zimbabwe planned roll out of the bond notes saying it fully embraces the move which is aimed at rewarding exporters and easing cash challenges.

The association chairman Mr Tafadzwa Musarara says the milling industry is looking forward to the introduction of the bond notes and has assured the market of adequate supplies of mealie-meal, rice and flour this festive season.

The association says it will continue to play its part in supporting current government efforts aimed at boosting productivity, promoting macro-economic stability and job creation.

The milling industry has, however, in the recent past urged government to halt flour imports and maize meal imports which are hurting the local industry.

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