Wheat Levy Chokes Local Millers

Monday, June 18, 2018

The Botswana Milling Association (BMA) is reeling from effects of the wheat levy, which has affected investor confidence and might result in 120 job losses as businesses adjust their models.

Currently, the levy is at nine percent following the reduction from 15% by the Ministry of Investment, Trade and Industry (MITI) last April.

BMA chairperson, Nkosi Mwaba said investor confidence in the local milling industry is at its lowest while shareholders are hesitant to make further investments.

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Wheat Levy Chokes Local Millers

The Botswana Milling Association (BMA) is reeling from effects of the wheat levy, which has affected investor confidence and might result in 120 job losses as businesses adjust their models.