ZIMBABWE COMMERCIAL FARMERS UNION RAISES CONCERN OVER PAYMENT DELAYS
Written by yafmnews on June 18, 2019
Zimbabwe Commercial Farmers Union (ZCFU) has raised concern over delays in the 50% foreign currency payment to tobacco farmers’ nostro accounts.
In a telephone interview with Great dyke News’ Fadzai Munodawafa, ZCFU Vice President Maivepi Jiti said tobacco farmers are being given foreign currency but the payment is being delayed leading to farmers using all the money in local currency.
Farmers have raked in about $330 million in foreign currency from over 174 million kilograms of the golden leaf which have gone under the hammer at the auction floors so far.
A fake local currency racket has hit the streets of Harare with reports that fraudsters behind these syndicates are duping unsuspecting clients thousands of US dollars on a daily basis.
It’s a syndicate well-orchestrated by the suspected fraudsters prowling the Eastgate area in Harare’s Central business district.
They have become notorious for fake bond notes and US dollars extorting huge amounts of dollars as high as $10 000 on a daily basis.
The fake bond notes are in $5 and $2 denominations and are hard to detect especially for those that sell their foreign currency on the illegal foreign exchange market.
Authorities fear the fake currency rackets are triggering inflation and further weakening the bond note which is now trading at 1 to 9 on the parallel market.
Relatives of a Zvishavane man who was found dead in Mandava suburb yesterday in a suspected murder case have appealed to members of the public to come forward with any information that may assist police in their investigations.
Great Dyke News reporter Tatenda Gwezuva spoke to a distraught Donald Nyirenda who said the family has set aside a USD5000 reward for anyone who comes forward with meaningful information that will assist the police.
Members of the public can also visit any nearby police post with information.
In a related matter… The Zimbabwe Republic Police yesterday raised concern over the spike in murder cases in the country.
Speaking to Great Dyke News, ZRP National Spokesperson Assistant Commissioner Paul Nyathi called on Zimbabweans should respect the sanctity of life and seek counseling in order to solve disputes without taking the law into their own hands.
AND IN THE ARTS…. Musicians have been encouraged to be unique and original in their artistry to prolong their stay and be successful in the music industry.
In a telephone interview with great dyke news, Sebastian Magacha said creativity should be unique and original for them to make a name and stay in the industry for long.
Zimbabwe’s music industry is awash with one time wonders who failed to stay long in the industry.