• About
  • Advertise
  • Privacy & Policy
  • Contact
Sun, Apr 18, 2021
Zim Trending
Advertisement
  • Home
  • Top Stories
  • Breaking NewsHot
  • Entertainment
  • Business
  • Education
  • JobsLatest
  • Scholarships
  • Crime
  • Celebs
No Result
View All Result
  • Home
  • Top Stories
  • Breaking NewsHot
  • Entertainment
  • Business
  • Education
  • JobsLatest
  • Scholarships
  • Crime
  • Celebs
No Result
View All Result
Zim Trending
No Result
View All Result

Cabinet removes duty on basic commodities

Philomina by Philomina
22/11/2019
in Business
Reading Time: 2min read
0
Cabinet removes duty on basic commodities
693
VIEWS
Share On WhatsAppShare on FacebookShare on TwitterShare On LinkedIn

Cabinet removes duty on basic commodities.

Government has removed import duty on maize and wheat, among other basic commodities, as it seeks to ensure affordability of essential foodstuffs and to mitigate the effects of the drought experienced last season.

Subsidies on grain purchases have also been removed for millers and commercial users in line with an announcement by Finance and Economic Development Minister Professor Mthuli Ncube in his 2020 National Budget Statement last week.

This was said by Acting Minister of Information, Publicity and Broadcasting Services Cde Mangaliso Ndlovu while presenting the 41st Cabinet decisions matrix in Harare yesterday.

“Cabinet noted the need to ensure the continued availability of essential foodstuffs in the market and to counter the effects of the drought that was experienced during the 2018/19 agricultural season,” he said.

“Accordingly, Cabinet has resolved to implement the following temporary measures: removal of control of goods import permits for maize grain, maize meal and wheat flour, with immediate effect; placement of wheat flour on the Open General Import Licence (OGIL) with immediate effect.”

Other products that have been exempted include wheat flour in packages of more than 50kg, whose duty was pegged at 20 percent, while those packages of less than 50kg used to attract 10 percent duty.

Maize meal, which was at 25 percent duty, has also been exempted. “Millers and commercial users of grain are hereby informed that following the pronouncement in the 2020 National Budget, the subsidy on grain has been removed with immediate effect,” said Minister Ndlovu.

“In essence, all users of grain, including millers, will now buy grain at cost prices which currently stand at $4 000 for maize and small grains per tonne and $8 612 for wheat per tonne.

“Government will also be unveiling the mechanism for targeted subsidies for basic foodstuffs, particularly maize meal as outlined per 2020 Budget Statement once the finer details are worked out. This is intended as an additional cushion for vulnerable households and the generality of Zimbabweans.

“Cabinet, therefore, wishes to assure the nation that all measures possible will continue to be taken in order to ease the challenges of accessing food by all Zimbabweans.”

Responding to questions, Prof Ncube said Government was determined to find ways of increasing the supply of basic commodities on the market and to ordinary people.

Source – The Herald

RelatedPosts

Torn USD Notes In Zimbabwe

Old & Torn USD Notes Are Still Acceptable Says RBZ

22/12/2020
636
Strive Masiyiwa

Strive Masiyiwa Appointed To Netflix Board of Directors

17/12/2020
2k
Strive reduces himself to “Simply the largest shareholder of Econet”.

Strive Masiyiwa Named As One Of The 50 Most Influential People In The World

09/12/2020
1.1k
fuel prices go up again

Fuel Prices Go Up Again Ahead Of The Festive Season

05/12/2020
747
SendShareTweetShare
Philomina

Philomina

Social writer and digital marketing personnel.

Related Posts

Torn USD Notes In Zimbabwe
Business

Old & Torn USD Notes Are Still Acceptable Says RBZ

by Editorial Team
22/12/2020
0
636

The Reserve Bank Of Zimbabwe (RBZ) has released a public statement saying that old and worn USD notes are still...

Read more
Strive Masiyiwa

Strive Masiyiwa Appointed To Netflix Board of Directors

17/12/2020
2k
Strive reduces himself to “Simply the largest shareholder of Econet”.

Strive Masiyiwa Named As One Of The 50 Most Influential People In The World

09/12/2020
1.1k
fuel prices go up again

Fuel Prices Go Up Again Ahead Of The Festive Season

05/12/2020
747
Ecommerce Sales In Africa

 The Growth Of Internet Retailing In Africa in 2020 & Beyond

04/12/2020
166
Business Ideas To Make Money in Zimbabwe

Business Ideas To Make Money in Zimbabwe in 2021 Part 1

04/12/2020
924

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
List of Top 100 Best ‘O’ Level Schools In Zimbabwe (2020)

List of Top 100 Best ‘O’ Level Schools In Zimbabwe (2020)

29/01/2021
Emap System in Zimbabwe

How To Apply For 2021 Form 1 Boarding Places On eMAP

08/01/2021
Provisional Driving Licence Test Possible Questions & Answers

Provisional Driving Licence Test Possible Questions & Answers pdf

06/12/2020
Indian sweets for bedroom use

Indian Bedroom Sweets & Love Portions Floods Harare

13/11/2020
Four Teachers Suspended After Writing Exams For Their Girlfriends.

Just In: Zimsec O’Level 2019 Results Out

6
How To See Zimsec Results Online

How To See Zimsec O Level November 2019 Results Online

4
2020 Zimbabwe Universities Application Forms (Download Now)

2020 Zimbabwe Universities Application Forms (Download Now)

3
Four Teachers Suspended After Writing Exams For Their Girlfriends.

‘O’ Level ZIMSEC Results Now Accessible Online

3
Zimbabwean Dancers Progress In Virtual Dance Reality Show

Zimbabwean Dancers Progress In Virtual Dance Reality Show

09/04/2021
ZIMSEC Grade 7 Results Out

Just In: Grade Zimsec Grade Seven Results For November 2020 Out

05/02/2021
“THE ABILITY TO THRIVE IN CHAOS CALLS.”

“THE ABILITY TO THRIVE IN CHAOS CALLS.”

01/02/2021
Chamisa

Every Leader Is Answerable To God & To The People

29/01/2021

Recent News

Zimbabwean Dancers Progress In Virtual Dance Reality Show

Zimbabwean Dancers Progress In Virtual Dance Reality Show

09/04/2021
764
ZIMSEC Grade 7 Results Out

Just In: Grade Zimsec Grade Seven Results For November 2020 Out

05/02/2021
1.1k
“THE ABILITY TO THRIVE IN CHAOS CALLS.”

“THE ABILITY TO THRIVE IN CHAOS CALLS.”

01/02/2021
800
Chamisa

Every Leader Is Answerable To God & To The People

29/01/2021
732

ZimTrending

For all the trending news for Zimbabweans at home and abroad

Follow Us

Search this site

No Result
View All Result

Partner Websites

www.taydigital.net
www.openclass.co.zw
www.mrtaylor.me

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 Zim Trending If its Trending You WIll Find It Here - Website Developed & Maintained By Tay DIgital.

No Result
View All Result
  • Home
  • Top Stories
  • Breaking News
  • Entertainment
  • Business
  • Education
  • Jobs
  • Scholarships
  • Crime
  • Celebs

© 2021 Zim Trending If its Trending You WIll Find It Here - Website Developed & Maintained By Tay DIgital.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.