News / National
Zimbabwe risks losing US$42m to border leakages
10 Jul 2015 at 07:13hrs | Views
Zimbabwe risks losing more than $42 million in revenue through leakages from clearing agents lodging false Removal in Transit declarations through Beitbridge Border Post, a latest report from the Auditor General reveals.
In her latest narrative report on State Enterprises and parastatals for 2014, Mildred Chiri the Auditor General, said between 2011 and 2013 a total of $18 million Rit entries generated by Zimra from its Beitbridge port had not been acquitted and as the end of last year the Rits amounting to $19 million had also not been cleared.
Meanwhile, it has been reported that Zambia can only supply 400 000 metric tonnes over the next 10 months against the 700 000mt that Zimbabwe is targeting to purchase from the country due to logistical challenges and an un-flexible border post. Because of this, the Grain Traders Association of Zimbabwe has called on Government to consider alternative import channels and scrap the GMO free rule.
GTAZ chairman Graeme Murdoch told the Food Conference this morning that the country will not be able to get all its requirements from Zambia and could not get from countries such as South Africa as the country still has a ban on GMO products.
In her latest narrative report on State Enterprises and parastatals for 2014, Mildred Chiri the Auditor General, said between 2011 and 2013 a total of $18 million Rit entries generated by Zimra from its Beitbridge port had not been acquitted and as the end of last year the Rits amounting to $19 million had also not been cleared.
Meanwhile, it has been reported that Zambia can only supply 400 000 metric tonnes over the next 10 months against the 700 000mt that Zimbabwe is targeting to purchase from the country due to logistical challenges and an un-flexible border post. Because of this, the Grain Traders Association of Zimbabwe has called on Government to consider alternative import channels and scrap the GMO free rule.
GTAZ chairman Graeme Murdoch told the Food Conference this morning that the country will not be able to get all its requirements from Zambia and could not get from countries such as South Africa as the country still has a ban on GMO products.
Source - dailynews
