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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

The Projects Magazine today launched The Future of Mining Summit, set to become the country’s premier mining conference. The event is scheduled for 12th and 13th of June 2024, at Boipuso Hall, Fairgrounds in Gaborone.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

Staff Writer | 9 h ago

MISA Botswana celebrates World Press Freedom day

Staff Writer | 9 h ago

Unlawful wounding turns to murder

Sharon Mathala | 9 h ago

Mahalapye suspected copper cable thief nabbed

Pini Bothoko | 9 h ago

Repatriation underway for seven SA Pilgrims

Boikanyo Mathonsi | 1d ago

Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More