TIMB Says Voedsel Remains Operational

1 year agoTue, 08 Nov 2022 14:25:50 GMT
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TIMB Says Voedsel Remains Operational

The Tobacco Industry and Marketing Board (TIMB) has refuted a report claiming that it had banned Voedsel from contracting farmers this year allegedly over the company’s failure to pay farmers for the past two years.

According to a report by The Herald, Voedsel, which has buying facilities in various tobacco-growing regions including Rusape, Marondera and Karoi, was declared an “unsuitable player” by the TIMB.

The publication quoted a source as saying, “Voedsel won’t be participating this year because they owe huge amounts of money to tobacco growers.”

However, in a statement issued on Tuesday, 08 November 2022, TIMB acting CEO Emmanuel Matsvaire said Voedsel remains operational. He said: 

TIMB wishes to advise that Voedsel Tobacco is a tobacco merchant company involved in contract farming, buying and exporting of processed tobacco and is not a surrogate of any other local merchant.

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They have a valid contract and Class A licenses which permit them to participate in both contract and auction floor buying platforms for the 2022/2023 season.

Currently, Voedsel Tobacco is compliant with all TIMB regulations and has no pending issues before the Board.

Voedsel itself had released a statement earlier in the day advising stakeholders that it remained operational, contrary to reports. | The Herald



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