The Government has started implementing a subsidy programme on roller meal with registered grain millers.<\/p>\n
Finance and Economic Development Minister Mthuli Ncube yesterday said grain millers will be able to buy maize grain from the Grain Marketing Board (GMB) at $4 000 per tonne.<\/p>\n
Payment for the subsidy by Treasury will be based on verified production of maize roller meal by millers, based on the grain allocated by GMB.<\/p>\n
The verification of production of the maize roller meal will be done by a team comprising officials from the Ministry of Finance and Economic Development, the Ministry of Industry and Commerce and the Zimbabwe Revenue Authority (Zimra).<\/p>\n
To ensure efficiency, grain millers are required to register with the Ministry of Industry and Commerce.<\/p>\n
\u201cGovernment is now rolling out the subsidy to all licensed grain maize millers who are formally registered in terms of tax purposes, have Government vendor numbers and have been accessing grain for milling purposes through Grain Marketing Board.<\/p>\n
\u201cGrain millers will purchase maize grain from the GMB at a price of $4000\/mt as announced by Government on 5 December 2019,\u201d said Minister Ncube.<\/p>\n
\u201cAll licensed grain millers including non-GMAZ members will be allowed to participate in the maize roller meal subsidy programme, given that not all grain millers are members of GMAZ (Grain Millers Association of Zimbabwe).<\/p>\n
\u201cParticipation in the programme will require registration with the Ministry of Industry and Commerce. Grain millers should provide details of their maize roller meal production capacity for verification. This should include schedules of grain purchases from GMB in 2019.\u201d<\/p>\n
To start the maize roller meal subsidy programme, Treasury said it will pay the subsidy for December 2019 in advance.<\/p>\n
Going forward, monthly subsidy payments will be paid post verification of monthly production.<\/p>\n
The latest development has cleared the air on how the subsidy is going to be implemented.<\/p>\n
Earlier in the week, millers under GMAZ had said they were yet to get upfront payment of subsidy funds from the Government, and were threatening to revert to previous mealie-meal prices.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Government has started implementing a subsidy programme on roller meal with registered grain millers. Finance and Economic Development Minister Mthuli Ncube yesterday said grain millers will be able to buy maize grain from the Grain Marketing Board (GMB) at $4 000 per tonne. Payment for the subsidy by Treasury will be based on verified […]<\/p>\n","protected":false},"author":84,"featured_media":16742,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[239,786,150],"class_list":{"0":"post-16741","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-economic-chaos","10":"tag-gmaz","11":"tag-ncube"},"yoast_head":"\n